Company: APO
Filing Date: 2025-04-25
Form Type: DEF 14A
Source: 0001193125-25-096971
Chunk: 69

Company: Apollo Global Management, Inc.
Filing Date: 2025-04-25
Form: DEF 14A
Chunk 69
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 2024 represent, in part, actual incentive pool cash distributions of $750,000 for Mr. Kelly and $1,850,000 for Ms. Chatterjee, realized carry cash distributions of $46,566 for Mr. Kelly, $10,199,641 for Mr. Kleinman and $30,801 for Ms. Chatterjee and partner benefits stipends of $250,000 for each of Mr. Kelly and Ms. Chatterjee. For Mr. Belardi, the amount includes distributions on his ISG partnership interest totaling $51,350,951, amounts in respect of his ISGI profits entitlement totaling $1,561,742, and fees paid by AHL for tax preparation services of $31,386. AHL maintains a corporate aircraft for efficiency and business planning purposes. Mr. Belardi used the corporate aircraft for two personal flights in 2024 and fully reimbursed AHL for this personal use. Accordingly, no amount is reflected for such use. Personal use of the AHL corporate aircraft is subject to a formal policy that was approved by the Compensation Committee that sets forth the criteria and procedures applicable to its use. Mr. Belardi and AHL have entered into a time-sharing agreement, pursuant to which Mr. Belardi may use the corporate aircraft for up to 25 flight hours per year, provided that the number of flight hours and other incidentals under such agreement shall be further limited so that the amount of payments from Mr. Belardi pursuant to such agreement (including such tax payments) shall not exceed $120,000 in any AHL fiscal year. The “All Other Compensation” column for 2024 also includes costs relating to Company-provided cars and drivers with enhanced security measures for the business and personal use of Mr. Rowan. |

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| Mr. Rowan’s personal use cost was approximately $642,501. We provide these benefits because we believe that their cost is outweighed by the added security, increased efficiency, convenience and confidentiality that they offer and are also in the interests of the Company and its stockholders given the critical value Mr. Rowan provides to the Company. Costs relating to Company-provided cars and drivers include both fixed and variable costs, including lease costs, driver compensation, driver meals, fuel, parking, tolls, repairs, maintenance and insurance. Except as discussed in this paragraph, no 2024 perquisites or personal benefits individually exceeded the greater of $25,000 or 10% of the total amount of all perquisites and other personal benefits reported for the