ROWAN MARC J 4
Research Summary
AI-generated summary
Apollo (APO) CEO Marc Rowan Gifts 140,000 Shares
What Happened
- Marc J. Rowan, CEO of Apollo Global Management (APO), reported a gift transaction on May 8, 2026 in which 140,000 shares were transferred as a gift (transaction code G). The filing shows the shares were disposed at $0.00, i.e., no sale proceeds were reported.
Key Details
- Transaction date and type: May 8, 2026 — Gift (G).
- Price/proceeds: $0.00 reported (disposition by gift).
- Shares affected: 140,000 shares.
- Shares owned after transaction: not disclosed in the provided filing.
- Footnotes: Multiple footnotes (F1–F6) indicate the transfer involved estate-planning vehicles, family trusts and entities controlled by Mr. Rowan (e.g., MJR Foundation LLC, RWN Management, LLC, and related subsidiaries), showing the gift/transfer was executed through affiliated family entities.
- Timeliness: Form 4 filed May 11, 2026; this filing is within the standard two-business-day reporting window and is not marked late.
Context
- Gifts are a non‑market transaction used for estate planning or charitable purposes and do not necessarily signal the insider’s view of the company’s stock price. Because this was a gift (not an open‑market sale or purchase), it provides limited information about Mr. Rowan’s market sentiment.