Ryan Berry - 20 Jan 2024 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 2024
Net transactions value
-$212,252
Form type
4
Filing time
23 Jan 2024, 21:18:54 UTC
Previous filing
03 Nov 2023
Next filing
02 Feb 2024
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 +3,297 +1.2% $0.000000 287,958 20 Jan 2024 Direct F1, F2
transaction ARES Class A Common Stock Tax liability $212,252 -1,823 -0.63% $116.43 286,135 20 Jan 2024 Direct F3, F4
holding ARES Class A Common Stock 2,700 20 Jan 2024 By Retirement Savings Plan
holding ARES Class A Common Stock 7,387 20 Jan 2024 By Spouse's SEP IRA
holding ARES Class A Common Stock 483,175 20 Jan 2024 By Reporting Person and Spouse as joint tenants with right of survivorship
holding ARES Class A Common Stock 5,003 20 Jan 2024 By IRA
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Granted under an equity incentive plan of Ares Management Corporation. 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, 2025, 2026 and 2027.
F2 Includes 244,229 restricted units granted under an equity incentive plan of Ares Management Corporation. 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 an equity incentive plan of Ares Management Corporation. Each restricted unit represents the right to receive one share of Class A Common Stock upon vesting.
F4 Includes 239,202 restricted units granted under an equity incentive plan of Ares Management Corporation. 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.