Naseem Sagati - Jan 20, 2022 Form 4 Insider Report for Ares Management Corp (ARES)

Role
General Counsel
Signature
/s/ Naseem Sagati Aghili
Stock symbol
ARES
Transactions as of
Jan 20, 2022
Transactions value $
-$196,418
Form type
4
Date filed
1/24/2022, 08:22 PM
Previous filing
Aug 18, 2021
Next filing
Feb 2, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ARES Class A Common Stock Award $0 +2.91K +1.58% $0.00 187K Jan 20, 2022 Direct F1, F2
transaction ARES Class A Common Stock Tax liability -$196K -2.65K -1.42% $74.12 185K Jan 20, 2022 Direct F3, F4
* 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 125,078 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. Each restricted unit represents the right to receive one share of Class A Common Stock upon vesting.
F4 Includes 117,691 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.