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 May 31, 2024, according to a Form 4 filing with the SEC.

Summary

• On May 31, 2024, Bennett Rosenthal, Co-Founder & Chairman of PEG at Ares Management Corp, sold shares of Class A Common Stock.
• The sales were executed under a pre-arranged 10b5-1 trading plan adopted on March 1, 2024.
• Multiple transactions occurred at varying prices, ranging from $139.09 to $145.17.
• Rosenthal sold 32,090 shares directly at $139.59.
• Rosenthal indirectly sold shares held by BAR Holdings, LLC, including 50,729 shares at $140.23, 6,696 shares at $141.74, 5,283 shares at $142.38, 4,561 shares at $143.43, 541 shares at $144.23, and 100 shares at $145.17.
• Following the reported transactions, Rosenthal directly owns no Class A Common Stock.
• Rosenthal indirectly owns 150,000 shares through BAR Holdings, LLC and 1,105,052 shares through Ares Owners Holdings L.P.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing regarding stock transactions. It doesn't inherently convey positive or negative sentiment, as it simply reports facts.

Industry Context

This filing is a routine disclosure of stock sales by a company insider and provides transparency to the market.

Stakeholder Impact

• The stock sale by a director could have a minor impact on shareholder sentiment.

Key Dates