ROTHSTEIN STUART 4

4 · Apollo Commercial Real Estate Finance, Inc. · Filed Feb 3, 2026

AI-generated summary of this filing

Updated Feb 3, 2026

ARI CEO Stuart Rothstein Withholds 61,485 Shares for Taxes

What Happened

Stuart Rothstein, President & CEO and a director of Apollo Commercial Real Estate Finance, Inc. (ARI), had 61,485 shares of ARI common stock withheld to satisfy tax-withholding obligations related to vested restricted stock units (RSUs). The withheld shares were valued at $10.68 each for a total of $656,660. This transaction is a tax-withholding disposition (transaction code F), not an open-market sale.

Key Details

Transaction date: 2026-01-30
Price used for withholding: $10.68 per share
Shares withheld/disposed: 61,485; aggregate value ≈ $656,660
Footnote: The filing notes shares were withheld to satisfy minimum tax withholding on vested RSUs granted under ARI's 2019 and 2024 Equity Incentive Plans (each RSU converts to one share on vesting).
Additional footnote: The reported amount includes 196,355 RSUs (as disclosed in the filing).
Filing date: 2026-02-03 — the Form 4 was filed within the required two business days (timely), not marked late.
Shares owned after the transaction: not specified in the provided excerpt of the filing.

Context

This was a routine cashless tax-withholding action associated with RSU vesting — common for executives when equity awards vest. Such withholdings are administrative and do not necessarily signal a change in the insider’s view of the company.

Form 4

Period: 2026-01-30

DirectorPresident & CEO

Transactions

Tax Payment
Common Stock
[F1][F2]
2026-01-30$10.68/sh−61,485$656,660→ 277,676 total

Footnotes (2)

[F1]Consists of shares of common stock withheld by the Issuer in order to satisfy the minimum tax withholding obligations of the reporting person arising in connection with the delivery of shares of common stock underlying vested restricted stock units ("RSUs") granted under the Amended and Restated Apollo Commercial Real Estate Finance, Inc. 2019 Equity Incentive Plan and the Apollo Commercial Real Estate Finance, Inc. 2024 Equity Incentive Plan. Each RSU represents the contingent right to receive one share of the Issuer's common stock for each vested RSU. The RSUs vest in installments in accordance with the terms of the applicable RSU award agreement by and between the reporting person and the Issuer, provided the reporting person remains in service through the applicable vesting dates.
[F2]Reported amount includes 196,355 RSUs.

Signature

/s/ Jessica L. Lomm, as attorney-in-fact|2026-02-03

1 file