Insider Trends: Insider at Apollo Global Management Awarded Shares Portion of Which is Sold for Taxes
04:13 PM EDT, 05/10/2021 (MT Newswires) -- Martin Kelly, CFO, awarded 11,986 shares in Apollo Global Management (APO) and sold 5,063 shares concurrently to meet tax obligations on May 06, 2021. After accounting for tax obligations this transaction resulted in a net acquisition of 6,923 company shares. Kelly, after the transactions disclosed in the SEC Form 4 filing, owns 288,365 shares of the company, which have a market value of $16.8 million as of the prior-day closing price.
In the 90 days prior to the date of this filing, there have been 25 insider transactions reported to the SEC for Apollo Global Management. These transactions came from the activities of 9 individual insiders that resulted in a net disposition of 366,284 company shares. Relative to the preceding 90-day window of time, there were 17 transactions from 6 insiders that 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. Within the peer group activity averaged 111.4 transactions per company, and disposition of 45,729 shares on average.
SEC Story Link http://www.sec.gov/Archives/edgar/data/1411494/000120919121031219/xslF345X03/doc4.xml
This report does not constitute a recommendation to purchase or sell any security and the analysts are not registered investment advisors. Further analysis is recommended before undertaking any position in any security. Any risks are solely the responsibility of the buyer/seller. The authors, publishers and distributors of the MT Newswires Live Briefs service and any associates thereof accept no liability for the content or actions taken by anyone or institution utilizing this report.