Form 4: Ares Management Corp Executive Sells Shares Under 10b5-1 Plan

Ares Management Corp's Chief Marketing & Strategy Officer, Ryan Berry, sold a portion of his Class A Common Stock holdings under a pre-arranged 10b5-1 trading plan.

Summary

• Ryan Berry, Chief Marketing & Strategy Officer at Ares Management Corp, executed sales of Class A Common Stock on November 27, 2024 and December 11, 2024.
• The sales were conducted under a 10b5-1 trading plan adopted on June 6, 2024.
• On November 27, 2024, 200 shares were sold at a weighted average price of $180.07, with individual prices ranging from $180.03 to $180.11.
• On December 11, 2024, 14,357 shares were sold at a weighted average price of $180.16, with individual prices ranging from $180.00 to $180.71.
• Following these transactions, Mr. Berry directly owns 233,214 shares of Class A Common Stock.
• He also has indirect ownership through various accounts including a Retirement Savings Plan (2,700 shares), a Spouse's SEP IRA (7,387 shares), joint tenancy with his spouse (293,224 shares), and an IRA (5,003 shares).
• Additionally, Mr. Berry holds 201,702 restricted units that vest over time.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating routine stock sales by an executive under a pre-arranged plan. There is no indication of positive or negative sentiment.

Industry Context

This is a routine filing for insider transactions and is common for executives who have pre-arranged trading plans. It does not indicate any specific trend or issue within the company or the broader industry.

Comparison to Industry Standards

• The use of 10b5-1 trading plans is a common practice among executives at publicly traded companies to avoid accusations of insider trading.
• The reported sales are within the normal range of executive stock transactions and do not appear to be unusual compared to similar filings from other companies.
• The price range of the sales is consistent with the market price of Ares Management Corp stock at the time of the transactions.

Stakeholder Impact

• The stock sales by the executive may have a minor impact on the stock price, but the transactions are not expected to significantly affect shareholders.

Key Dates

Keywords

Ares Management Corp, Ryan Berry, insider trading, Form 4, 10b5-1 plan, Class A Common Stock, executive stock sales, equity incentive plan, restricted units