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Insider Trends: Insider at Apollo Global Management Receives Shares Award Uses Portion to Pay Taxes

05/10/2021 12:15

04:14 PM EDT, 05/10/2021 (MT Newswires) -- Anthony Civale, Co-COO, awarded 9,517 shares in Apollo Global Management (APO) and sold 38,547 shares concurrently to meet tax obligations on May 06, 2021. After accounting for tax obligations this transaction resulted in a net disposition of 29,030 company shares. After the Form 4 filing with the SEC, Civale has control over 1,519,222 shares of the company of which 1,117,077 shares are held directly and 402,145 are controlled indirectly. These holdings have an approximate market value of $88.4 million as of the prior-day closing price.

During the most recent 90-day period, previous to the date of this filing, there have been 28 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 345,052 company shares. This compares with the preceding 90-day window of time where there were 17 transactions from 6 insiders which 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 111.4 transactions per company, and disposition of 45,715 shares on average.

SEC Story Link http://www.sec.gov/Archives/edgar/data/1411494/000120919121031220/xslF345X03/doc4.xml

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