Ryan Berry - Jan 31, 2022 Form 4 Insider Report for Ares Management Corp (ARES)

Role
Chief Mktg. & Strategy Officer
Signature
/s/ Naseem Sagati Aghili, by power of attorney
Stock symbol
ARES
Transactions as of
Jan 31, 2022
Transactions value $
-$3,939,284
Form type
4
Date filed
2/2/2022, 08:27 PM
Previous filing
Jan 24, 2022
Next filing
Nov 3, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ARES Class A Common Stock Award $0 +50K +9.76% $0.00 562K Jan 31, 2022 Direct F1, F2
transaction ARES Class A Common Stock Tax liability -$3.94M -49.4K -8.79% $79.72 513K Jan 31, 2022 Direct F3, F4
holding ARES Class A Common Stock 2.7K Jan 31, 2022 By Retirement Savings Plan
holding ARES Class A Common Stock 7.39K Jan 31, 2022 By Spouse's SEP IRA
holding ARES Class A Common Stock 287K Jan 31, 2022 By Reporting Person and Spouse as joint tenants with right of survivorship
holding ARES Class A Common Stock 5K Jan 31, 2022 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 four equal installments on January 31, 2024, 2025, 2026 and 2027.
F2 Includes 554,520 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 454,520 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.