Kasdin Robert A 4

What Happened
Robert A. Kasdin, a director of Apollo Commercial Real Estate Finance, Inc. (ARI), was granted 9,587 shares on 2026-04-01. The shares were awarded at $0.00 (transaction code A), i.e., issued as an equity award rather than a purchase; no cash was exchanged in this transaction.

Key Details

• Transaction date: 2026-04-01; Form 4 filed 2026-04-03 (timely within the standard 2-business-day filing window).
• Shares granted: 9,587 shares; reported acquisition price: $0.00.
• Shares owned after transaction: Not specified in the provided filing.
• Footnote: Grant was made pursuant to the Issuer's 2024 Equity Incentive Plan.
• Transaction type: Award/Grant (compensation), not an open-market buy or sale.

Context
Equity awards to directors are commonly part of compensation and do not necessarily signal the director buying or selling based on private views of the company. Because this was a grant (code A), it reflects compensation under the company's incentive plan rather than a market transaction.