R. Kipp deVeer - 31 Jan 2025 Form 4 Insider Report for Ares Management Corp (ARES)

Role
Head of Credit Group, Director
Signature
/s/ Naseem Sagati Aghili, by power of attorney
Issuer symbol
ARES
Transactions as of
31 Jan 2025
Transactions value $
-$19,042,401
Form type
4
Filing time
04 Feb 2025, 21:22:45 UTC
Previous filing
10 Dec 2024
Next filing
10 Feb 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 Award $0 +250K +23.26% $0.00 1.33M 31 Jan 2025 Direct F1, F2
transaction ARES Class A Common Stock Tax liability -$19M -96.1K -7.25% $198.22 1.23M 31 Jan 2025 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, 2027, 2028, 2029 and 2030.
F2 Represents 1,325,000 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 1,150,000 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.