Company: APO
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001858681-25-000139
Chunk: 196

Company: Apollo Global Management, Inc.
Filing Date: 2025-11-10
Form: 10-Q
Item: Item 1
Chunk 196
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 Reduction of shares of common stock issued2(3,411,169)(2,404,677)Shares of common stock purchased related to share issuances and forfeitures3— (149,002)Issuance of shares of common stock for equity-based awards5,082,716 4,798,749 1 The gross value of shares issued was $1,361 million and $789 million for the nine months ended September 30, 2025 and 2024, respectively, based on the closing price of the shares of common stock at the time of issuance.2 Cash paid for tax liabilities associated with net share settlement was $561 million and $310 million for the nine months ended September 30, 2025 and 2024, respectively.3 Certain Apollo employees receive a portion of the profit sharing proceeds of certain funds in the form of (a) restricted shares of common stock that they are required to purchase with such proceeds or (b) RSUs, in each case which equity-based awards generally vest over three years. These equity-based awards are granted under the Company's Equity Plan. To prevent dilution on account of these awards, Apollo may, in its discretion, repurchase shares of common stock on the open market and retire them. During the nine months ended September 30, 2024, Apollo issued 228,392 of such restricted shares and 149,002 of such RSUs under the Equity Plan, respectively.During the nine months ended September 30, 2025 and 2024, 3,850,000 and 7,267,000 shares of common stock, respectively, were repurchased in open market transactions as part of the publicly announced share repurchase programs discussed above, and such shares were subsequently canceled by the Company. The Company paid $533 million and $788 million for these open market share repurchases during the nine months ended September 30, 2025 and 2024, respectively.During the nine months ended September 30, 2025, the Company issued 540,177 shares of common stock in settlement of a deferred consideration obligation. During the second quarter of 2024, the Company issued 742,742 shares of common stock in settlement of a share-based contingent consideration.Mandatory Convertible Preferred Stock On August 11, 2023, the Company issued 28,750,000 shares, or $1.4 billion aggregate liquidation preference, of its 6.75% Series A Mandatory Convertible