Company: APO
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001858681-25-000117
Chunk: 301

Company: Apollo Global Management, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 8
Chunk 301
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 RSUs which vest on a cliff basis subject to continued employment over five years, with 2.0 million of those RSUs also subject to the Company’s achievement of certain fee related earnings and spread related earnings per share metrics. During the three months ended June 30, 2025 and 2024, the Company recorded equity-based compensation expense for service-based awards related to these one-time grants of $14 million and $14 million, respectively. During the six months ended June 30, 2025 and 2024, the Company recorded equity-based compensation expense for service-based awards related to these one-time grants of $28 million and $28 million, respectively.During the three months ended June 30, 2025 and 2024, the Company recorded equity-based compensation expense for performance-based awards related to these one-time grants of $6 million and $6 million, respectively. During the six months ended June 30, 2025 and 2024, the Company recorded equity-based compensation expense for performance-based awards related to these one-time grants of $12 million and $12 million, respectively.The following table summarizes all RSU activity for the current period:UnvestedWeighted Average Grant Date Fair ValueVestedTotal Number of RSUs OutstandingBalance at January 1, 202514,635,028$70.03 21,337,13235,972,160Granted3,334,616156.62 69,1293,403,745Forfeited(122,200)101.66 (44)(122,244)Vested(2,435,097)90.56 2,435,097—Issued—— (7,678,375)(7,678,375)Balance at June 30, 202515,412,347$78.97 16,162,939 31,575,286

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Table of ContentsAPOLLO GLOBAL MANAGEMENT, INC.NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

Restricted Stock AwardsDuring the six months ended June 30, 2025 and 2024, the Company awarded 0.1 million and 0.1 million restricted stock awards, respectively, from profit sharing arrangements with a grant date fair value of $18 million and $11 million, respectively.During the three months ended June 30, 2025 and 2024, the Company recorded equity-based compensation expense related to restricted stock awards from