Kvalheim Grant 4

What Happened Grant Kvalheim (CEO of Athene Holding Ltd.) had 5,042 shares of Apollo Global Management, Inc. (APO) withheld to satisfy tax withholding obligations tied to an equity award. The shares were withheld at $132.43 per share on 2026-02-17, a total value of approximately $667,712. This was a tax-withholding disposition (transaction code F), not an open-market sale.

Key Details

• Transaction date and price: 2026-02-17, 5,042 shares at $132.43 each (total ≈ $667,712).
• Transaction type: F = shares withheld to satisfy tax withholding (cashless/tax withholding on RSU delivery).
• Shares owned after transaction: filing does not provide a single "owned after" total; the report notes holdings include RSUs as described below.
• Footnotes:
  • F1: Shares were withheld by the issuer to satisfy the reporting person’s tax withholding obligations arising from equity plan delivery.
  • F2: Reported amount includes 471,812 vested and unvested restricted stock units (RSUs) representing a right to receive APO shares under the company’s equity plan.
• Filing timeliness: Reported period 2026-02-17, filing dated 2026-02-18 — filed promptly (not marked late).

Context This was a routine tax-withholding action associated with equity compensation (RSUs). Such withholdings are administrative and do not necessarily indicate a change in insider sentiment—unlike outright open-market sales, the shares were not sold on the market but retained by the company to cover taxes. Transaction code F denotes a tax withholding/disposition rather than a discretionary sale or purchase.