Naseem Sagati - Jan 31, 2024 Form 4 Insider Report for Ares Management Corp (ARES)

Role
General Counsel
Signature
/s/ Naseem Sagati Aghili
Stock symbol
ARES
Transactions as of
Jan 31, 2024
Transactions value $
-$1,874,801
Form type
4
Date filed
2/2/2024, 09:10 PM
Previous filing
Jan 23, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ARES Class A Common Stock Award $0 +50K +19.47% $0.00 307K Jan 31, 2024 Direct F1, F2
transaction ARES Class A Common Stock Tax liability -$1.87M -15.4K -5.03% $121.48 291K Jan 31, 2024 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 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 four equal installments on January 31, 2026, 2027, 2028 and 2029.
F2 Includes 204,069 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 171,569 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.