Jarrod Phillips - Jul 1, 2023 Form 4 Insider Report for Ares Management Corp (ARES)

Role
Chief Financial Officer
Signature
/s/ Naseem Sagati Aghili, by power of attorney
Stock symbol
ARES
Transactions as of
Jul 1, 2023
Transactions value $
-$390,074
Form type
4
Date filed
1/23/2024, 09:15 PM
Previous filing
Apr 21, 2023
Next filing
Feb 2, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ARES Class A Common Stock Tax liability -$239K -2.48K -2.04% $96.35 119K Jul 1, 2023 Direct F1, F2
transaction ARES Class A Common Stock Award $0 +3K +2.52% $0.00 122K Jan 20, 2024 Direct F3, F4
transaction ARES Class A Common Stock Tax liability -$151K -1.3K -1.06% $116.43 121K Jan 20, 2024 Direct F1, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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 plan of Ares Management Corporation. Each restricted unit represents the right to receive one share of Class A Common Stock upon vesting.
F2 Includes 79,914 restricted units granted pursuant to 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 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.
F4 Includes 82,911 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.
F5 Includes 79,408 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.