Ryan Berry - Aug 16, 2021 Form 4 Insider Report for Ares Management Corp (ARES)

Signature
/s/ Naseem Sagati Aghili, by power of attorney
Stock symbol
ARES
Transactions as of
Aug 16, 2021
Transactions value $
-$3,693,214
Form type
4
Date filed
8/18/2021, 09:03 PM
Previous filing
Aug 3, 2021
Next filing
Sep 14, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ARES Class A Common Stock Tax liability -$3.69M -49.6K -6.89% $74.49 670K Aug 16, 2021 Direct F1, F2
holding ARES Class A Common Stock 2.7K Aug 16, 2021 By Retirement Savings Plan
holding ARES Class A Common Stock 7.39K Aug 16, 2021 By Spouse's SEP IRA
holding ARES Class A Common Stock 165K Aug 16, 2021 By Reporting Person and Spouse as joint tenants with right of survivorship
holding ARES Class A Common Stock 5K Aug 16, 2021 By IRA
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Consists of Class A Common Stock withheld by the Issuer in order to satisfy the minimum tax withholding obligations of the reporting person arising in connection with the vesting of restricted units representing the right to receive one share of Class A Common Stock under the Ares Management Corporation Third Amended and Restated 2014 Equity Incentive Plan (the "Equity Incentive Plan"). Each restricted unit represents the right to receive one share of Class A Common Stock upon vesting.
F2 Includes 606,695 restricted units granted under the Equity Incentive Plan. Each restricted unit represents the right to receive one share of Class A Common Stock upon vesting. The restricted units vest in installments in accordance with the applicable restricted unit award agreement.