Ryan Berry - 20 Jan 2022 Form 4 Insider Report for Ares Management Corp (ARES)

Role
Chief Mktg. & Strategy Officer
Signature
/s/ Naseem Sagati Aghili, by power of attorney
Issuer symbol
ARES
Transactions as of
20 Jan 2022
Net transactions value
-$321,755
Form type
4
Filing time
24 Jan 2022, 20:18:16 UTC
Previous filing
02 Nov 2021
Next filing
02 Feb 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ARES Class A Common Stock Award $0 +3,875 +0.76% $0.000000 516,820 20 Jan 2022 Direct F1, F2
transaction ARES Class A Common Stock Tax liability $321,755 -4,341 -0.84% $74.12 512,479 20 Jan 2022 Direct F3, F4
holding ARES Class A Common Stock 2,700 20 Jan 2022 By Retirement Savings Plan
holding ARES Class A Common Stock 7,387 20 Jan 2022 By Spouse's SEP IRA
holding ARES Class A Common Stock 287,423 20 Jan 2022 By Reporting Person and Spouse as joint tenants with right of survivorship
holding ARES Class A Common Stock 5,003 20 Jan 2022 By IRA
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Granted 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. The restrictions on such units are scheduled to lapse in three equal installments on January 20, 2023, 2024 and 2025.
F2 Includes 516,820 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.
F3 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 Equity Incentive Plan.
F4 Includes 504,520 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.