Ryan Berry - 31 Jan 2023 Form 4 Insider Report for Ares Management Corp (ARES)

Role
Chief Mktg. & Strategy Officer
Signature
/s/ Anton Feingold, by power of attorney
Issuer symbol
ARES
Transactions as of
31 Jan 2023
Net transactions value
-$436,693
Form type
4
Filing time
02 Feb 2023, 20:51:29 UTC
Previous filing
24 Jan 2023
Next filing
10 May 2023
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 +50,000 +15% $0.000000 382,353 31 Jan 2023 Direct F1, F2
transaction ARES Class A Common Stock Tax liability $436,693 -5,262 -1.4% $82.99 377,091 31 Jan 2023 Direct F3, F4
holding ARES Class A Common Stock 2,700 31 Jan 2023 By Retirement Savings Plan
holding ARES Class A Common Stock 7,387 31 Jan 2023 By Spouse's SEP IRA
holding ARES Class A Common Stock 408,992 31 Jan 2023 By Reporting Person and Spouse as joint tenants with right of survivorship
holding ARES Class A Common Stock 5,003 31 Jan 2023 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, 2025, 2026, 2027 and 2028.
F2 Includes 378,432 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 365,932 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.