Company: APO
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0001858681-25-000034
Chunk: 247

Company: Apollo Global Management, Inc.
Filing Date: 2025-02-24
Form: 10-K
Item: Item 8
Chunk 247
---
 issued in settlement of vested RSUs and options exercised17,852,512 8,643,520 6,663,694 Shares issued to Apollo Opportunity Foundation2— — 1,724,137 Reduction of shares of common stock issued3(2,998,607)(3,185,680)(2,896,130)Shares of common stock purchased related to share issuances and forfeitures4(150,676)(162,123)(219,960)Issuance of shares of common stock for equity-based awards4,703,229 5,295,717 5,271,741 1 The gross value of shares issued was $868 million, $626 million and $420 million for the years ended December 31, 2024, 2023 and 2022, respectively, based on the closing price of the shares of common stock at the time of issuance.2 Shares issued to Apollo Opportunity Foundation in connection with an irrevocable pledge to contribute 1.7 million shares of common stock. The gross value of shares issued for the year ended December 31, 2022 totaled $103 million.3 Cash paid for tax liabilities associated with net share settlement was $338 million, $259 million and $185 million for the years ended December 31, 2024, 2023 and 2022, respectively.4 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 years ended December 31, 2024, 2023 and 2022, Apollo issued 401,111, 551,333 and 546,766 of such restricted shares and 150,676, 162,123 and 219,960 of such RSUs under the Equity Plan, respectively. During the years ended December 31, 2023 and 2022, Apollo repurchased 713,456 and 766,726 shares of common stock in open-market transactions not pursuant to a publicly-announced repurchase plan or program, respectively. In addition, there were 1,085,