Jarrod Phillips - Jan 20, 2023 Form 4 Insider Report for Ares Management Corp (ARES)

Role
Chief Financial Officer
Signature
/s/ Anton Feingold, by power of attorney
Stock symbol
ARES
Transactions as of
Jan 20, 2023
Transactions value $
-$82,247
Form type
4
Date filed
1/24/2023, 08:13 PM
Previous filing
Feb 2, 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 Award $0 +4.41K +4.75% $0.00 97.3K Jan 20, 2023 Direct F1, F2
transaction ARES Class A Common Stock Tax liability -$82.2K -1.05K -1.08% $78.63 96.2K Jan 20, 2023 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, 2024, 2025 and 2026.
F2 Includes 70,157 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 67,414 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.