Form 4: Ares Management Corp Executive Ryan Berry Reports Stock Award and Tax Withholding

Ryan Berry, Chief Marketing & Strategy Officer of Ares Management Corp, reports the acquisition of 40,000 shares of Class A Common Stock and the disposal of 18,427 shares for tax withholding purposes.

Summary

• On January 31, 2025, Ryan Berry, Chief Marketing & Strategy Officer of Ares Management Corp, reported transactions involving Class A Common Stock.
• Berry acquired 40,000 shares of Class A Common Stock under an equity incentive plan at $0 cost.
• These restricted units vest in four equal installments starting January 31, 2027, and continuing annually until 2030.
• Berry also disposed of 18,427 shares of Class A Common Stock at $198.22 to cover tax withholding obligations related to the vesting of restricted units.
• Following these transactions, Berry directly owns 221,802 shares of Class A Common Stock, including 200,129 restricted units, and indirectly owns 339,826 shares through various accounts.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing reflects routine transactions related to executive compensation and tax obligations.

Positives

• The grant of 40,000 shares under the equity incentive plan aligns the executive's interests with those of the shareholders.
• The vesting schedule encourages long-term commitment from the executive.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders and their holdings in the company's stock.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they primarily reflect internal compensation arrangements.
• The equity incentive plan aligns executive interests with shareholder value.

Key Dates