Form 4: Ares Management Corp Director Bennett Rosenthal Sells Class A Common Stock

Bennett Rosenthal, Co-Founder & Chairman of PEG at Ares Management Corp, sold shares of Class A Common Stock on September 3, 2024, under a pre-arranged 10b5-1 trading plan.

Summary

• Bennett Rosenthal, a Director and Co-Founder & Chairman of PEG at Ares Management Corp, reported the sale of Class A Common Stock on September 3, 2024.
• The sales were executed under a 10b5-1 trading plan adopted on May 16, 2024.
• Rosenthal sold shares at weighted average prices ranging from $141.58 to $145.60.
• The transactions involved multiple sales at varying prices within the specified ranges.
• Following the reported transactions, Rosenthal directly owns 85,284 shares and indirectly owns shares through BAR Holdings, LLC and Ares Owners Holdings L.P.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it's a standard Form 4 filing reporting stock sales under a pre-arranged trading plan. There's no indication of positive or negative news about the company.

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 sale could have a minor negative impact on shareholder sentiment, but it's unlikely to be significant given the pre-planned nature of the transactions.

Key Dates