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 Class A Common Stock in multiple transactions on April 1st and 2nd, 2024, under a pre-arranged 10b5-1 trading plan.

Summary

• Bennett Rosenthal, a Director and Co-Founder & Chairman of PEG at Ares Management Corp, executed sales of Class A Common Stock on April 1st and 2nd, 2024.
• The sales were conducted under a 10b5-1 trading plan adopted on December 14, 2023.
• On April 1, 2024, Rosenthal sold 6,607 shares at an average price of $130.92, 19,703 shares at an average price of $131.78, and 7,594 shares at an average price of $132.39.
• On April 2, 2024, Rosenthal sold 15,214 shares at an average price of $129.01, 16,345 shares at an average price of $129.74, and 21,441 shares at an average price of $130.59.
• The sales were executed in multiple transactions within specified price ranges.
• Following the reported transactions, Rosenthal directly owns no shares, but indirectly owns 143,393 shares through BAR Holdings, LLC and 1,105,052 shares through Ares Owners Holdings L.P.

Sentiment

Score: 5

Explanation: The document reports routine stock sales under a pre-arranged trading plan, indicating a neutral sentiment.

Industry Context

Sales by company insiders are a common occurrence and are often related to personal financial planning. The use of a 10b5-1 trading plan suggests the sales were pre-planned and not based on current market information.

Key Dates