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

Signature
/s/ Anton Feingold, by power of attorney
Stock symbol
ARES
Transactions as of
Jan 20, 2023
Transactions value $
-$173,772
Form type
4
Date filed
1/24/2023, 08:15 PM
Previous filing
Nov 3, 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 +5.04K +1.53% $0.00 335K Jan 20, 2023 Direct F1, F2
transaction ARES Class A Common Stock Tax liability -$174K -2.21K -0.66% $78.63 332K Jan 20, 2023 Direct F3, F4
holding ARES Class A Common Stock 2.7K Jan 20, 2023 By Retirement Savings Plan
holding ARES Class A Common Stock 7.39K Jan 20, 2023 By Spouse's SEP IRA
holding ARES Class A Common Stock 409K Jan 20, 2023 By Reporting Person and Spouse as joint tenants with right of survivorship
holding ARES Class A Common Stock 5K Jan 20, 2023 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, 2024, 2025 and 2026.
F2 Includes 334,563 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 328,432 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.