Ryan Berry - Jan 20, 2025 Form 4 Insider Report for Ares Management Corp (ARES)

Role: Chief Mktg. & Strategy Officer
Signature: /s/ Anton Feingold, by power of attorney
Stock symbol: ARES
Transactions as of: Jan 20, 2025
Transactions value $: -$281,814
Form type: 4
Date filed: 1/22/2025, 09:15 PM
Previous filing: Dec 10, 2024
Next filing: Feb 4, 2025
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	Tax liability	-$282K	-1.47K	-0.73%	$191.32	200K	Jan 20, 2025	Direct	F1, F2
holding	ARES	Class A Common Stock						2.7K	Jan 20, 2025	By Retirement Savings Plan
holding	ARES	Class A Common Stock						7.39K	Jan 20, 2025	By Spouse's SEP IRA
holding	ARES	Class A Common Stock						325K	Jan 20, 2025	By Reporting Person and Spouse as joint tenants with right of survivorship
holding	ARES	Class A Common Stock						5K	Jan 20, 2025	By IRA

* 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 incentive plan of Ares Management Corporation. Each restricted unit represents the right to receive one share of Class A Common Stock upon vesting.
F2	Includes 197,629 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.

Content

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.

Includes 197,629 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.