Form 4: Ares Management Corp: Co-Founder & Chairman of PEG, Bennett Rosenthal, Executes Stock Sales Under 10b5-1 Plan

Bennett Rosenthal, Co-Founder & Chairman of PEG at Ares Management Corp, reports multiple sales of Class A Common Stock executed under a pre-arranged 10b5-1 trading plan.

Summary

• Bennett Rosenthal, Co-Founder & Chairman of PEG at Ares Management Corp, filed a Form 4 detailing changes in beneficial ownership.
• The report covers transactions made on August 29 and 30, 2024.
• Rosenthal sold Class A Common Stock through a 10b5-1 trading plan adopted on May 16, 2024.
• The sales were executed at weighted average prices ranging from $144.35 to $146.40.
• The transactions involved sales of shares held directly and indirectly through BAR Holdings, LLC and Ares Owners Holdings L.P.
• Following the reported transactions, Rosenthal continues to hold a significant number of shares indirectly through BAR Holdings, LLC and Ares Owners Holdings L.P.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing reflects routine transactions under a pre-arranged trading plan. There is no indication of positive or negative sentiment towards the company's prospects.

Industry Context

The filing reflects routine transactions by a company insider under a pre-arranged trading plan, a common practice to avoid accusations of insider trading. It's important to monitor such filings in aggregate to understand insider sentiment and potential impact on stock price.

Stakeholder Impact

• The stock sales could have a minor impact on shareholders if they perceive it as a lack of confidence by the insider, although the 10b5-1 plan mitigates this concern.

Key Dates