Michael J. Arougheti - Jan 1, 2023 Form 4 Insider Report for Ares Management Corp (ARES)

Role
Co-Founder, CEO and President, Director
Signature
/s/ Anton Feingold, by power of attorney
Stock symbol
ARES
Transactions as of
Jan 1, 2023
Transactions value $
-$5,681,615
Form type
4
Date filed
1/4/2023, 08:56 PM
Previous filing
Nov 15, 2022
Next filing
Feb 2, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ARES Class A Common Stock Tax liability -$5.68M -83K -8.38% $68.44 908K Jan 1, 2023 Direct F1, F2
holding ARES Class A Common Stock 461K Jan 1, 2023 By Atticus Enterprises LLC
holding ARES Class A Common Stock 150K Jan 1, 2023 By Ares Owners Holdings L.P. F3
* 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 600,000 restricted units granted under the Equity Incentive Plan. These restricted units vest in installments in accordance with the applicable restricted unit award agreement.
F3 The reporting person or a vehicle controlled by him is a limited partner in Ares Owners Holdings L.P. ("AOH"), the direct holder of the shares of Class A Common Stock. The shares of Class A Common Stock indirectly held by the reporting person or the vehicle are the number of shares of Class A Common Stock that he or the vehicle has a right to receive as a limited partner in AOH.