secwatch.observer — SEC 8-K summary
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Issuer:     Apollo Global Management, Inc. (APO)
CIK:        0001858681
Form:       8-K
Filed at:   2024-12-09T23:59:59+00:00
Accession:  0000950142-24-002902
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

Apollo CEO Marc Rowan to enter PVFCs on 2.5M shares; policy amended
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- Policy amended to permit limited group (senior leaders) to enter PVFCs and pledge shares subject to conditions.
- Maro Rowan's affiliates intend PVFCs on 2,500,000 shares (~7% of his beneficial ownership, <0.5% total outstanding).
- Rowan entered a one-year lockup agreement covering all remaining shares he beneficially owns.
- Each PVFC must cover at least 50,000 shares and represent no more than 10% of the participant's beneficial holdings.
- Rowan cited expected increase in trading volume from S&P 500 Index inclusion as timing for the contracts.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1858681/000095014224002902/0000950142-24-002902-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1858681/000095014224002902/eh240566079_8k.htm
  HTML page:      https://secwatch.observer/filing/0000950142-24-002902

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