Company: APO
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001858681-25-000117
Chunk: 181

Company: Apollo Global Management, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 1
Chunk 181
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30, 2025 and 2024, the Company recorded equity-based compensation expense on service-based RSUs of $243 million and $201 million, respectively. Performance-Based AwardsDuring the six months ended June 30, 2025, there were no performance-based RSUs awarded. During the six months ended June 30, 2024, the Company awarded 0.9 million of performance-based RSUs, with a grant date fair value of $87 million, which primarily vest subject to continued employment and the Company’s receipt of performance revenues, within prescribed periods, sufficient to cover the associated equity-based compensation expense.During the three months ended June 30, 2025 and 2024, the Company recorded equity-based compensation expense on performance-based awards of $21 million and $33 million, respectively. During the six months ended June 30, 2025 and 2024, the Company recorded equity-based compensation expense on performance-based awards of $37 million and $107 million, respectively.In December 2021, the Company awarded one-time grants to the Co-Presidents of AAM of 6.0 million 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,