Form 4: Ares CFO Reports Routine Stock Transactions

Ares Management CFO Jarrod Phillips reported the acquisition of restricted stock units and the disposition of shares for tax withholding purposes.

Summary

• Chief Financial Officer Jarrod Phillips acquired 2,712 restricted units of Class A Common Stock under an equity incentive plan.
• These newly acquired restricted units are scheduled to vest in three equal installments on January 20, 2027, January 20, 2028, and January 20, 2029.
• Phillips disposed of 1,683 shares of Class A Common Stock at a price of $163.16 per share to satisfy minimum tax withholding obligations related to the vesting of restricted units.
• Following these transactions, Phillips beneficially owns 243,377 shares of Class A Common Stock, which includes 180,003 restricted units.

Sentiment

Score: 6

Explanation: The filing reports routine insider transactions, including the grant of restricted stock units which aligns management incentives, and the disposition of shares for tax withholding, which is a common practice. This is generally neutral with a slight positive tilt due to the incentive alignment.

Positives

• The grant of 2,712 restricted units aligns management's long-term interests with shareholder value.

Negatives

• Disposition of 1,683 shares for tax withholding purposes resulted in a reduction of direct beneficial ownership.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders: The grant of restricted units to the CFO enhances alignment between management's long-term interests and shareholder value.

Next Steps

• Vesting of remaining restricted units in installments according to their respective award agreements.

Key Dates

Keywords

Ares Management, ARES, Form 4, Insider Transaction, Restricted Stock Units, CFO, Equity Incentive Plan, Beneficial Ownership