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Insider Trends: Insider at Apollo Global Management Gets Stock Award Makes Tax Sale with Portion

05/10/2021 12:12

04:11 PM EDT, 05/10/2021 (MT Newswires) -- On May 06, 2021, Scott Kleinman, Director and Co-President, awarded 28 shares in Apollo Global Management (APO) and sold 28,189 shares concurrently to meet tax obligations. After accounting for tax obligations this transaction resulted in a net disposition of 28,161 company shares. Following the Form 4 filing with the SEC, Kleinman controls a total of 1,442,138 shares of the company, with 1,432,747 shares held directly and 9,391 owned indirectly. The market value of the direct and indirect holdings, based on the prior-day closing price, is approximately $84.0 million.

Over the last 90 days, previous to the date of this filing, there have been 23 insider transactions reported to the SEC for Apollo Global Management. These transactions came from the activities of 9 different insiders that resulted in a net disposition of 338,123 company shares. In the preceding 90-day window of time, there were 17 transactions from 6 insiders and resulted in the net disposition of 218,937 shares.

This is lower than the average level of insider transactions in the 38-company Investment Management & Fund Operators peer group over the last 90-day period. Activity in the peer group averaged 111.3 transactions per company, and disposition of 45,710 shares on average.

SEC Story Link http://www.sec.gov/Archives/edgar/data/1411494/000120919121031214/xslF345X03/doc4.xml

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