Whonder Carmencita N.M. 4

What Happened
Whonder Carmencita N.M., a director of Apollo Commercial Real Estate Finance, Inc. (ticker: ARI), was granted 9,587 shares on 2026-04-01. The reported acquisition price is $0.00, so the grant’s reported cash value in the filing is $0. This is an equity award (not an open-market purchase or sale) and is typically part of director compensation rather than a market-driven buy or sell.

Key Details

• Transaction date: 2026-04-01; Filing date: 2026-04-03 (appears filed within the normal Form 4 reporting window).
• Transaction type/code: A — Grant/Award/Other acquisition.
• Shares granted: 9,587 shares at $0.00 (total reported cash amount $0).
• Shares owned after transaction: Not specified in the provided filing details.
• Footnote: Granted pursuant to the Issuer’s 2024 Equity Incentive Plan.
• No indication of a 10b5-1 plan, tax-withholding sale, or cashless exercise in this filing.

Context
Equity awards to directors are common as part of compensation and do not necessarily indicate the insider is buying or selling based on company outlook. The $0 price simply reflects that these were granted shares rather than a market purchase; they may be restricted or subject to vesting under the company’s equity plan.