Form 4: Ares Management Corp CFO, Jarrod Phillips, Reports Stock Transactions

Ares Management Corp's Chief Financial Officer, Jarrod Phillips, reported the acquisition and disposal of Class A Common Stock related to vesting restricted units.

Summary

• Jarrod Phillips, the Chief Financial Officer of Ares Management Corp, filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
• On January 20, 2025, Phillips acquired 1,938 shares of Class A Common Stock through the vesting of restricted units, with a value of $0 at the time of vesting.
• Also on January 20, 2025, 1,841 shares of Class A Common Stock were withheld by Ares Management Corp to cover tax obligations related to the vesting of restricted units, at a price of $191.32 per share.
• Following these transactions, Phillips beneficially owns 183,328 shares of Class A Common Stock, which includes 131,657 restricted units.

Sentiment

Score: 7

Explanation: The document reflects standard executive compensation practices and does not indicate any significant positive or negative sentiment. It is a routine filing.

Industry Context

This is a routine filing related to executive compensation and is common for publicly traded companies.

Comparison to Industry Standards

• The vesting of restricted stock units is a common practice in executive compensation across the financial industry.
• Many financial firms use similar equity incentive plans to align executive interests with shareholder value.
• The tax withholding process is standard practice for equity compensation.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they are related to executive compensation.
• The vesting of restricted units is part of the company's overall compensation strategy.

Key Dates

Keywords

Ares Management Corp, Form 4, Jarrod Phillips, Class A Common Stock, Restricted Units, Beneficial Ownership, Equity Incentive Plan, Tax Withholding