Form 4: Ares Management Corp Director Bennett Rosenthal Executes Transaction Involving Class A Common Stock and Operating Group Units

Director Bennett Rosenthal reports a transaction involving Class A Common Stock and Ares Operating Group Units, indicating changes in beneficial ownership.

Summary

• On May 15, 2024, Bennett Rosenthal, Co-Founder & Chairman of PEG and a director of Ares Management Corp, executed a transaction involving the company's securities.
• Rosenthal acquired 250,000 shares of Class A Common Stock at $0 per share.
• These shares are held indirectly through BAR Holdings, LLC.
• Rosenthal also disposed of 250,000 Ares Operating Group Units.
• Following the transaction, Rosenthal beneficially owns 250,000 shares of Class A Common Stock indirectly through BAR Holdings, LLC, and 1,105,052 shares indirectly through Ares Owners Holdings L.P.
• He also indirectly owns 8,921,596 Ares Operating Group Units through Ares Owners Holdings L.P.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing, reporting a transaction. It doesn't inherently convey positive or negative sentiment.

Industry Context

This filing is a routine disclosure of a transaction by a company insider, which is common in the financial industry. It provides transparency to investors regarding the actions of key personnel.

Comparison to Industry Standards

• Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, aligning with SEC regulations and industry norms.
• The reporting of indirect ownership through entities like BAR Holdings, LLC and Ares Owners Holdings L.P. is a common structure for executives at investment firms.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding insider activity.
• The filing ensures compliance with SEC regulations.

Key Dates