Company: APO
Filing Date: 2025-04-25
Form Type: DEF 14A
Source: 0001193125-25-096971
Chunk: 52

Company: Apollo Global Management, Inc.
Filing Date: 2025-04-25
Form: DEF 14A
Chunk 52
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 of our outstanding shares of common stock as of December 31, 2024. Specific feedback from these interactions was shared with Apollo’s management team and Board of Directors, as appropriate. In 2025, we and certain of our directors met with a major stockholder advisory firm to understand its perspective on our programs and best practices in executive compensation programs. Key areas of stockholder feedback are highlighted below.

| • |     | Our investors were generally supportive of our compensation program, acknowledging Apollo’s governance enhancements and recognizing that our industry-specific pay structures, including the absence of an artificial cap on performance fee distributions, drive performance, align with market practices, and promote strong returns for stockholders. |

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| • |     | Expressed support for our use of carried interest-based compensation given its strong alignment with long-term performance. |

| • |     | Valued the transparency of our proxy disclosure and clear explanation of how pay is aligned with performance. |

| • |     | Acknowledged the context for Mr. Belardi’s compensation structure as a founder equity interest. |

Given the overall nature of the stockholder feedback, we did not make any substantial changes to our compensation programs in 2024. In addition to direct feedback from stockholders, the Board of Directors considers a variety of stakeholder viewpoints including investor policies and perspectives. The Board and its Committees have adopted numerous stockholder-friendly corporate governance and compensation risk-mitigating features that we believe align with market best practice. These are summarized at the beginning of the Corporate Governance section above. General Compensation Philosophy Alignment of Interests with Investors and Stockholders.Our principal compensation philosophy is to align the long-term interests of our named executive officers and other key employees with those of our stockholders and investors in the funds we manage. This alignment, which we believe is a key driver of our success, has been achieved principally by our professionals’ direct beneficial ownership of common stock, their rights to receive a portion of the performance fees earned from the funds we manage or to receive compensation based on the level of performance fees earned, the direct investment by our professionals in the funds we manage and our practice of paying a portion of annual compensation in the form of equity-based grants that are subject to vesting. Long-Term Performance and Commitment.Most of our professionals (including Messrs. Kelly and Belardi) are issued RSUs as part of their year-endvariable compensation which provide rights to receive shares of common stock and, in some instances, dividend equivalents on those shares. Ms. Chatterjee was