Form 4: Ares Management Corp Director Bennett Rosenthal Sells Shares Under 10b5-1 Plan

Bennett Rosenthal, a director at Ares Management Corp, sold a portion of his Class A Common Stock holdings on November 27, 2024, under a pre-arranged 10b5-1 trading plan.

Summary

• Bennett Rosenthal, a director and Co-Founder & Chairman of PEG at Ares Management Corp, sold shares of Class A Common Stock on November 27, 2024.
• The sales were executed under a pre-arranged 10b5-1 trading plan adopted on August 16, 2024.
• The transactions involved multiple sales at varying prices, with weighted average prices reported for each block of shares sold.
• A total of 29,107 shares were sold directly, and the remaining shares are held indirectly through BAR Holdings, LLC and Ares Owners Holdings L.P.
• The sales prices ranged from $174.65 to $179.78 per share.

Sentiment

Score: 5

Explanation: The document reflects a routine insider sale under a pre-arranged plan, which is neither particularly positive nor negative. It's a neutral event from an investment perspective.

Risks

• Sales by insiders can sometimes be perceived negatively by the market, potentially impacting the stock price.

Industry Context

Insider trading activity is a common occurrence in publicly traded companies, and these transactions are closely monitored by regulators and investors.

Comparison to Industry Standards

• Sales under 10b5-1 plans are a common practice for corporate insiders to diversify their holdings while avoiding accusations of trading on non-public information.
• The reported transactions are consistent with standard SEC reporting requirements for insider sales.

Stakeholder Impact

• The share sales may have a minor impact on the stock price, but the pre-arranged nature of the sales should mitigate any significant negative reaction.

Key Dates

Keywords

Ares Management Corp, Bennett Rosenthal, insider trading, Form 4, 10b5-1 plan, Class A Common Stock, share sale, director