Company: APO
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001858681-25-000139
Chunk: 194

Company: Apollo Global Management, Inc.
Filing Date: 2025-11-10
Form: 10-Q
Item: Item 1
Chunk 194
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 (8,084,808)(8,084,808)Balance at September 30, 202515,403,368$80.23 16,388,324 31,791,6921 Includes 0.2 million unvested RSUs assumed as part of the Bridge acquisition.Restricted Stock AwardsThe Company also grants certain restricted stock awards tied to profit sharing arrangements. During the nine months ended September 30, 2025 and 2024, the Company awarded 0.2 million and 0.2 million restricted stock awards, respectively, from profit sharing arrangements with a grant date fair value of $35 million and $25 million, respectively.During the three months ended September 30, 2025 and 2024, the Company recorded compensation expense related to restricted stock awards from profit sharing arrangements of $12 million and $9 million, respectively. During the nine months ended September 30, 2025 and 2024, the Company recorded compensation expense related to restricted stock awards from profit sharing arrangements of $30 million and $31 million, respectively.Additionally, in connection with the Bridge acquisition, the Company converted certain outstanding Bridge equity awards into 0.6 million unvested service-based restricted stock awards with a fair value of $83 million. During the three months ended September 30, 2025, the Company recognized $32 million of compensation expense for awards that do not require future service.

14. Equity Common StockHolders of common stock are entitled to participate in dividends from the Company on a pro rata basis.During the three and nine months ended September 30, 2025 and 2024, the Company issued shares of common stock in settlement of vested RSUs. The Company has generally allowed holders of vested RSUs and exercised share options to settle their tax liabilities by reducing the number of shares of common stock issued to them, which the Company refers to as “net share settlement.” Additionally, the Company has generally allowed holders of share options to settle their exercise price by reducing the number of shares of common stock issued to them at the time of exercise by an amount sufficient to cover the exercise price. The net share settlement results in a liability for the Company and a corresponding adjustment to retained earnings (accumulated deficit).On January 3, 2022, the Company announced a share repurchase program, pursuant to which, the Company was authorized to repurchase (i) up to an aggregate of $1.5 billion