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

Bennett Rosenthal, a Director and Co-Founder & Chairman of PEG at Ares Management Corp, sold shares of Class A Common Stock on March 20 and 21, 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.
• The sales occurred on March 20 and 21, 2024.
• The transactions were executed under a 10b5-1 trading plan adopted on December 14, 2023.
• On March 20, 2024, Rosenthal sold 2,776 shares at a weighted average price of $131.89, 9,117 shares at $132.75, and 5,830 shares at $133.48.
• On March 21, 2024, Rosenthal sold 300 shares at a weighted average price of $135.16, 2,810 shares at $136.66, and 1,700 shares at $137.53.
• Following these transactions, Rosenthal directly owns no shares, but indirectly owns 169,757 shares through BAR Holdings, LLC, 1,105,052 shares through Ares Owners Holdings L.P.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the transactions were pre-planned under a 10b5-1 trading plan. It doesn't necessarily reflect a change in the director's outlook on the company.

Industry Context

Sales by company insiders are routinely monitored by investors. They can be interpreted in many ways, but are generally considered a neutral to slightly negative signal.

Stakeholder Impact

• The sale of shares by a director may have a minor impact on shareholder confidence.

Key Dates