Form 4: Ares Management Corp Executive Ryan Berry Reports Stock Transaction
SEC Form 4 Filing
Ryan Berry, Chief Marketing & Strategy Officer at Ares Management Corp, reported a transaction involving the withholding of shares to cover tax obligations and the holding of restricted stock units.
Summary
- Ryan Berry, Chief Marketing & Strategy Officer of Ares Management Corp, filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
- On January 20, 2025, 1,473 shares of Class A Common Stock were withheld by Ares to cover tax obligations related to the vesting of restricted stock units.
- Following this transaction, Berry directly owns 200,229 shares of Class A Common Stock, which includes 197,629 restricted stock units.
- Berry also indirectly owns shares through a retirement savings plan (2,700 shares), a spouse's SEP IRA (7,387 shares), joint tenancy with his spouse (324,736 shares), and an IRA (5,003 shares).
Sentiment
Score: 7
Explanation: The document is a routine disclosure of a stock transaction, which is neither positive nor negative. The sentiment is neutral to slightly positive as it reflects standard executive compensation practices.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is common in the financial industry.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies in the US, and Ares Management Corp's filing is consistent with these requirements.
- The transaction is typical of equity compensation plans where shares are withheld to cover tax obligations upon vesting, similar to practices at other financial firms like Blackstone or KKR.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it involves a small number of shares being withheld for tax purposes.
- The transaction is part of the executive compensation plan, which is a standard practice.
Key Dates
| Date | Description |
|---|---|
| 01/20/2025 | Date of the stock transaction where shares were withheld for tax obligations. |
| 01/22/2025 | Date the Form 4 was signed. |
Keywords
Ares Management Corp, Ryan Berry, Form 4, Beneficial Ownership, Stock Transaction, Restricted Stock Units, Tax Withholding, Class A Common Stock
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