Form 4: Ares Management Corp Executive Ryan Berry Reports Tax Withholding Transaction

Ryan Berry, Chief Marketing & Strategy Officer of Ares Management Corp, reports the withholding of Class A Common Stock to cover tax obligations related to vesting restricted units.

Summary

• Ryan Berry, a Chief Marketing & Strategy Officer at Ares Management Corp, filed a Form 4.
• The filing reports a transaction on November 1, 2024, where 30,988 shares of Class A Common Stock were withheld by the issuer to satisfy tax obligations related to the vesting of restricted units.
• Following the transaction, Berry directly owns 273,214 shares of Class A Common Stock.
• Berry also indirectly owns shares through a Retirement Savings Plan (2,700 shares), a Spouse's SEP IRA (7,387 shares), jointly with a spouse (293,224 shares), and through an IRA (5,003 shares).

Sentiment

Score: 5

Explanation: Neutral sentiment as it's a standard reporting of tax withholding on vested equity.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it relates to tax obligations of an executive.

Key Dates