Kelly Martin 4

What Happened

• Kelly Martin, Chief Financial Officer of Apollo Global Management (APO), received a grant of 116,087 restricted stock units (RSUs) on Feb 10, 2026 (awarded at $0.00). On Feb 11, 2026, 28,390 shares were withheld/treated as disposed to satisfy tax withholding obligations at an implied value of $132.43 per share, totaling approximately $3,759,688.
• This was an equity award (RSUs) and a routine tax-withholding disposition—not an open-market sale or purchase. RSU grants are not direct purchases and withholding of shares to cover taxes is common.

Key Details

• Transaction dates and amounts:
  • 2026-02-10: RSU award — 116,087 RSUs (code A; grant at $0.00).
  • 2026-02-11: Shares withheld for taxes — 28,390 shares (code F) at $132.43/share, ≈ $3,759,688.
• Holdings reported in footnotes: filing notes include 308,210 and 359,542 vested and unvested RSUs granted under the Plan (see filing footnotes).
• Footnotes of note:
  • F1: RSUs granted under the 2019 Omnibus Equity Incentive Plan; each RSU converts to one share upon vesting.
  • F3: The 28,390-share disposition represents shares withheld to satisfy tax withholding obligations.
  • F5: Some shares are held by the 2025 Martin Kelly Gift Trust, controlled by the reporting person for family beneficiaries.
• Filing timeliness: Report filed 2026-02-12 for transactions on 2026-02-10 and 02-11; filing appears timely (no late filing indicated).

Context

• RSU grants are compensation awards that convert to shares as they vest; withholding shares to cover taxes is a common, administrative step and does not indicate a directional bet on the stock.
• This filing reflects award and tax withholding activity by an executive, not an open-market sale or purchase.