Form 4: Ares Management Corp Director Bennett Rosenthal Gifts 29,000 Shares to Charity

Ares Management Corp director Bennett Rosenthal gifted 29,000 shares of Class A Common Stock to a charitable foundation on November 13, 2024.

Summary

• Bennett Rosenthal, a director and officer of Ares Management Corp, gifted 29,000 shares of Class A Common Stock to a charitable foundation on November 13, 2024.
• The shares were previously held by Ares Owners Holdings L.P. (AOH) on behalf of Mr. Rosenthal or a vehicle controlled by him.
• Following the transaction, Mr. Rosenthal beneficially owns 1,076,052 shares of Class A Common Stock indirectly through AOH.
• The gifted shares are subject to a lock-up agreement and cannot be sold before November 22, 2024, without the consent of Morgan Stanley & Co. LLC and Citigroup Global Market Inc.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction with a positive philanthropic element. There are no negative implications for the company.

Positives

• The gifting of shares to a charitable foundation is a positive philanthropic action by the director.

Industry Context

This is a standard SEC Form 4 filing, which is common for corporate insiders when they make transactions involving their company's stock. It is a routine disclosure and does not indicate any unusual activity.

Comparison to Industry Standards

• SEC Form 4 filings are a standard practice for publicly traded companies in the United States.
• The lock-up agreement is a common practice for shares issued in connection with an IPO or other significant corporate event.
• The gifting of shares to a charitable foundation is a common practice for high net worth individuals.

Stakeholder Impact

• The transaction has a minor positive impact on the charitable foundation receiving the shares.
• The transaction has no material impact on shareholders, employees, customers, suppliers, or creditors.

Key Dates

Keywords

Ares Management Corp, Bennett Rosenthal, Class A Common Stock, charitable donation, SEC Form 4, Ares Owners Holdings L.P., share gifting, insider transaction