Company: ARI
Filing Date: 2025-04-29
Form Type: DEF 14A
Source: 0001193125-25-104054
Chunk: 55

Company: Apollo Commercial Real Estate Finance, Inc.
Filing Date: 2025-04-29
Form: DEF 14A
Chunk 55
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 the date of termination. Following a meeting by our board of directors in February 2025 with respect to our Management Agreement, which included a discussion of our Manager’s performance and the level of the management fees thereunder, we determined not to terminate our Management Agreement.

For the period ended December 31, 2024, we incurred approximately $36.1 million in management fees. In addition to the management fee, we are also responsible for reimbursing our Manager for certain expenses paid by our Manager on behalf of our Company or for certain services provided by our Manager to our Company. For the year ended December 31, 2024, we recorded expenses totaling approximately $7.8 million related to reimbursements for certain expenses paid by our Manager on behalf of our Company. At December 31, 2024, we recorded a “payable to related party” liability that included approximately $8.7 million for management fees incurred but not yet paid.**

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SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT Except as otherwise indicated, the following table sets forth information as of the Record Date regarding the beneficial ownership of our Common Stock by (i) each person known to us to be the beneficial owner of more than 5% of the outstanding Common Stock, (ii) our named executive officers, (iii) our directors and director nominees and (iv) all of our directors, director nominees and executive officers as a group. Beneficial ownership includes any shares over which the beneficial owner has sole or shared voting or investment power and also any shares that the beneficial owner has the right to acquire within 60 days of such date through the exercise of options or other rights. The percentages below are based on 138,942,322 shares of our Common Stock outstanding as of the Record Date.

|                                                                    |     | Common Stock Beneficially Owned |            |     |       |            |     |                  |      |   |
| Name and Business Address(1)                                       |     | Common Stock                    |            |     | Total |            |     | Percent of Class |      |   |
| Directors and Executive Officers                                   |     |                                 |            |     |       |            |     |                  |      |   |
| Mark C. Biderman(2)(3)                                             |     |                                 |     70,787 |     |       |     70,787 |     |                  |    * |   |
| Pamela