STUART ROTHSTEIN - 27 Dec 2022 Form 4 Insider Report for Apollo Commercial Real Estate Finance, Inc. (ARI)

Role: President & CEO, Director
Signature: /s/ Jessica L. Lomm, as Attorney-in-Fact
Issuer symbol: ARI
Transactions as of: 27 Dec 2022
Net transactions value: $0
Form type: 4
Filing time: 29 Dec 2022, 15:16:44 UTC
Previous filing: 09 Nov 2022
Next filing: 31 Jan 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ARI	Common Stock	Award	$0	+193,847	+43%	$0.000000	646,523	27 Dec 2022	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Reported amount includes 543,917 restricted stock units ("RSUs") granted under the Amended and Restated Apollo Commercial Real Estate Finance, Inc. 2019 Equity Incentive Plan. Each RSU represents the contingent right to receive one share of the issuer's common stock for each vested RSU. The RSUs vest in installments in accordance with the terms of the applicable RSU Award Agreement by and between the reporting person and the issuer, provided the reporting person remains in service through the applicable vesting dates.

Content

Reported amount includes 543,917 restricted stock units ("RSUs") granted under the Amended and Restated Apollo Commercial Real Estate Finance, Inc. 2019 Equity Incentive Plan. Each RSU represents the contingent right to receive one share of the issuer's common stock for each vested RSU. The RSUs vest in installments in accordance with the terms of the applicable RSU Award Agreement by and between the reporting person and the issuer, provided the reporting person remains in service through the applicable vesting dates.