Form 4: Athene Holding CEO Grant Kvalheim Reports Full Redemption of Series C Preferred Stock Holdings

Athene Holding Ltd. CEO Grant Kvalheim reported the redemption of 40,000 Series C Preference Depositary Shares by the issuer, resulting in zero beneficial ownership.

Summary

• Grant Kvalheim, Chief Executive Officer of Athene Holding Ltd. and Athene USA Corporation, reported a change in beneficial ownership.
• On June 30, 2025, 40,000 Depositary Shares of Series C Preference Stock were disposed of.
• The disposition occurred through a redemption by the Issuer, Athene Holding Ltd.
• Each Depositary Share was valued at $25, totaling $1,000,000 for the redeemed securities.
• Following this transaction, Grant Kvalheim's beneficial ownership of these specific Depositary Shares is now 0.
• The Depositary Shares represent a 1/1,000th interest in a 6.375% Fixed-Rate Reset Perpetual Non-Cumulative Preferred Stock, Series C.
• These Depositary Shares were not convertible into common stock and did not derive value from common stock, nor did they have voting rights except in very limited circumstances.

Sentiment

Score: 5

Explanation: The document is a factual report of an insider transaction (redemption of preferred shares) and does not contain information that would significantly alter the company's fundamental outlook or market sentiment.

Positives

• The redemption of preferred stock by the issuer can reduce future dividend obligations, potentially improving the company's financial flexibility and capital structure efficiency.

Future Outlook

The document does not provide any forward-looking statements or guidance regarding the company's future performance or strategy.

Industry Context

This Form 4 filing reports a specific insider transaction related to preferred stock redemption, which is a company-specific capital management event rather than a reflection of broader industry trends. Such redemptions can be part of a company's strategy to optimize its capital structure or manage its cost of capital.

Stakeholder Impact

• Shareholders: The redemption of preferred stock can reduce the company's fixed dividend obligations, potentially benefiting common shareholders by improving earnings per share or financial flexibility over the long term.
• Preferred Stockholders (Series C): Those holding the redeemed Series C Preference Stock would have received the redemption price, concluding their investment in that specific security.

Key Dates

Keywords

Athene Holding, ATH, Form 4, insider transaction, preferred stock, redemption, Grant Kvalheim, beneficial ownership, corporate action