Form 4: Ares Management Corp Co-President R. Kipp deVeer Executes Stock Sales Under 10b5-1 Plan

R. Kipp deVeer, Co-President of Ares Management Corp, sold Class A Common Stock on February 6, 2025, under a pre-arranged 10b5-1 trading plan.

Summary

• R. Kipp deVeer, Co-President of Ares Management Corp, reported the sale of Class A Common Stock on February 6, 2025.
• The sales were executed under a 10b5-1 trading plan adopted on September 6, 2024.
• A total of 78,933 shares were sold at weighted average prices ranging from $187.08 to $191.11.
• Following the reported transactions, deVeer directly owns 1,150,000 shares of Class A Common Stock, which includes 1,150,000 restricted units granted under an equity incentive plan.
• The restricted units vest in installments according to the applicable award agreement.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing regarding stock sales by an executive under a pre-arranged plan. It doesn't inherently convey positive or negative sentiment.

Risks

• The stock sales by a company executive could be perceived negatively by the market, although they were conducted under a pre-arranged trading plan.

Future Outlook

The document does not contain any specific forward-looking statements regarding the company's future performance.

Industry Context

This filing is a routine disclosure of insider trading activity. It's common for executives to use 10b5-1 plans to sell shares over time to avoid accusations of trading on inside information. The impact on the stock price is usually minimal unless the sales are unusually large or frequent.

Stakeholder Impact

• The stock sales could have a minor impact on shareholders, depending on market perception of insider selling activity.

Key Dates

Keywords

Ares Management Corp, R. Kipp deVeer, Class A Common Stock, 10b5-1 trading plan, stock sale, insider trading, equity incentive plan, restricted units