Company: APO
Filing Date: 2025-04-25
Form Type: DEF 14A
Source: 0001193125-25-096971
Chunk: 63

Company: Apollo Global Management, Inc.
Filing Date: 2025-04-25
Form: DEF 14A
Chunk 63
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 level of 118% of the applicable target opportunity. The first investment portfolio total return performance objective, weighted at 12.5%, compared AHL’s non-alternativeinvestment performance to the Barclays US Aggregate Bond Index over a trailing 33-monthperiod. The second investment portfolio total return performance objective, also weighted at 12.5%, compared AHL’s alternative investment performance relative to a 50-50blended index of the S&P 500 and the BofA Merrill Lynch US High Yield Index over a 33-monthperiod, subject to maintaining a minimum return on alternative investment performance since the inception of AHL. The investment portfolio total return performance objectives are assessed based on a prescribed formula. For the investment portfolio total return performance objective based on AHL’s non-alternativeinvestment performance, the Compensation Committee compared AHL’s results of (0.93)% for the 33-monthperiod ending September 30, 2024 to (2.16)% for the Barclays US Aggregate Bond Index which, pursuant to the formula, resulted in the payout of 100% of the award for this objective. For the investment portfolio total return performance objective based on AHL’s alternative investment performance, the Compensation Committee compared AHL’s results of 8.03% for the 33-monthperiod ending September 30, 2024 to 6.75% for the 50-50blended index described above which, pursuant to the formula, resulted in the payout of 119% of the award for this objective. Following a review of AHL’s estimated performance for 2024, the Compensation Committee determined not to approve a payout for the portion of Mr. Belardi’s annual incentive award that was based on its review of overall AHL performance given Mr. Belardi’s role as Chief Executive Officer of AHL and AHL’s overall performance in 2024, including its adjusted SRE performance relative to the target level. The annual incentive bonus RSUs for performance in 2024, representing an award level equal to 57% of target, will appear in the Summary Compensation Table for 2025, as they were granted in February 2025. These RSUs vest in two equal annual installments, consistent with past practice for Mr. Belardi. Annual Cash Partner Benefits Stipend.Mr. Kelly and Ms. Chatterjee receive an annual cash benefits stipend of $250,000 that may be used for benefits or for other purposes and helps support the well-being of our partners. The benefits stipend assists us in recruiting talent and inspiring our professionals to