Form 4: Ares Management CEO Michael Arougheti Sells Shares Under 10b5-1 Trading Plan
SEC Form 4
Ares Management Corp's Co-Founder and CEO, Michael J Arougheti, sold shares of Class A Common Stock on March 24, 2025, under a pre-arranged 10b5-1 trading plan.
Summary
- Michael J Arougheti, Co-Founder and CEO of Ares Management Corp, executed multiple sales of Class A Common Stock on March 24, 2025.
- These transactions were conducted under a 10b5-1 trading plan adopted on December 13, 2024.
- The sales occurred at varying weighted average prices, ranging from $151.03 to $153.68 per share.
- Arougheti sold 4,117 shares at $151.03, 9,799 shares at $152.11, 78,760 shares at $153.29, and 18,169 shares at $153.68.
- Following these transactions, Arougheti directly owns 1,400,000 restricted units granted under an equity incentive plan of Ares Management Corporation, and 1,400,000 shares of Class A Common Stock.
- Each restricted unit represents the right to receive one share of Class A Common Stock upon vesting, with vesting occurring in installments according to the applicable restricted unit award agreement.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing simply reports stock sales under a pre-arranged plan. It doesn't inherently indicate positive or negative sentiment about the company's prospects.
Industry Context
Sales by executives under 10b5-1 plans are common and allow insiders to sell shares over a period of time while avoiding concerns about insider trading. The market will often look at the size and frequency of these sales to determine if there is any negative sentiment from the insider.
Stakeholder Impact
- The stock sale could have a minor impact on shareholders if it creates downward pressure on the stock price, although sales under 10b5-1 plans are usually anticipated.
- The impact on employees, customers, suppliers, and creditors is likely to be minimal.
Key Dates
| Date | Description |
|---|---|
| 2024-12-13 | Date of adoption of the 10b5-1 trading plan. |
| 2025-03-24 | Date of the reported stock sales. |
Keywords
Ares Management Corp, Michael J Arougheti, Class A Common Stock, 10b5-1 trading plan, share sale, restricted units, equity incentive plan
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