Company: APO
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001858681-25-000049
Chunk: 344

Company: Apollo Global Management, Inc.
Filing Date: 2025-05-07
Form: 10-Q
Item: Item 1
Chunk 344
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 Diluted$0.68 $2.28 1 See note 13 for information regarding quarterly dividends.2 Participating securities consist of vested and unvested RSUs that have rights to dividends and unvested restricted shares.The Company has granted RSUs that provide the right to receive, subject to vesting during continued employment, shares of common stock pursuant to the Equity Plan.

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Table of ContentsAPOLLO GLOBAL MANAGEMENT, INC.NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

Any dividend equivalent paid to an employee on RSUs will not be returned to the Company upon forfeiture of the award by the employee. Vested and unvested RSUs that are entitled to non-forfeitable dividend equivalents qualify as participating securities and are included in the Company’s basic and diluted earnings per share computations using the two-class method. The holder of an RSU participating security would have a contractual obligation to share in the losses of the entity if the holder is obligated to fund the losses of the issuing entity or if the contractual principal or mandatory redemption amount of the participating security is reduced as a result of losses incurred by the issuing entity. The RSU participating securities do not have a mandatory redemption amount and the holders of the participating securities are not obligated to fund losses; therefore, neither the vested RSUs nor the unvested RSUs are subject to any contractual obligation to share in losses of the Company.The following table summarizes the anti-dilutive securities:Three months ended March 31,20252024Weighted average unvested RSUs11,691,682 13,915,071 Weighted average unexercised warrants414,286 — Weighted average Mandatory Convertible Preferred Stock14,538,803 — Weighted average unvested restricted shares1,167,810 1,482,036 

15. Related PartiesAsset ManagementDue from/ to related partiesDue from/ to related parties includes:•unpaid management fees, transaction and advisory fees and reimbursable expenses from the funds Apollo manages and their portfolio companies;•reimbursable payments for certain operating costs incurred by these funds as well as their related parties; and •other related party amounts arising from transactions, including loans to employees and periodic sales of ownership interests in funds managed by Apollo. Due from related parties and Due to related parties consisted of the following as of March 31, 2025 and December 31, 2024:(In millions)March 31