Zito John P. 4
Research Summary
AI-generated summary
Apollo (APO) Co‑President John Zito Sells 11,866 Shares
What Happened John P. Zito, Co‑President of Apollo Asset Management, reported that 11,866 shares were disposed on February 18, 2026 at $125.15 per share, for a total of about $1,485,030. The disposition was a share‑withholding to satisfy tax withholding obligations tied to equity awards, not an open‑market sale.
Key Details
- Transaction date: 2026-02-18; Filing date: 2026-02-20 (appears timely).
- Transaction type/code: F — shares withheld by issuer to cover tax withholding.
- Shares involved: 11,866 shares withheld; price used: $125.15; total value ≈ $1,485,030.
- Reported holdings: filing notes 2,973,496 vested and unvested restricted stock units (RSUs) granted under the 2019 Omnibus Equity Incentive Plan are included in the reported amount.
- Footnote: F1 confirms the shares were withheld by the issuer to satisfy tax obligations; F2 explains the RSU holdings and vesting schedule.
Context This was a routine tax‑withholding event tied to RSU awards (a cashless delivery/withholding), not necessarily a signal about insider sentiment. For retail investors, withholding to meet tax obligations is common and differs from an intentional open‑market sale or purchase.