Form 4: Ares Management Director Gifts 15,000 Shares to Charity

Bennett Rosenthal, Co-Founder and Chairman of PEG at Ares Management Corp, gifted 15,000 shares of Class A Common Stock to a charitable foundation.

Summary

• Bennett Rosenthal, a Director, 10% Owner, and Co-Founder & Chairman of PEG at Ares Management Corp (ARES), reported a change in beneficial ownership.
• On December 16, 2025, Rosenthal disposed of 15,000 shares of Class A Common Stock.
• The transaction code 'G' indicates this was a gift, with a price of $0 per share.
• The shares were previously held indirectly by Ares Owners Holdings L.P. (AOH) on behalf of Rosenthal or a vehicle he controls.
• The gift was made to a charitable foundation where Rosenthal serves as a director.
• Following this transaction, Rosenthal's indirect beneficial ownership stands at 1,061,052 shares of Class A Common Stock through AOH.

Sentiment

Score: 6

Explanation: The transaction is a charitable gift by a key insider, which is generally viewed neutrally to slightly positively for corporate social responsibility, but represents a reduction in indirect ownership. It's a planned, non-market transaction.

Positives

• The gift to a charitable foundation may enhance the company's and the director's public image and commitment to philanthropy.

Negatives

• A reduction in the indirect beneficial ownership of Class A Common Stock by a key insider, although the shares were gifted rather than sold for cash.

Industry Context

This filing reports an individual insider transaction and does not provide broader industry context or trends.

Related Party Transactions

• The 15,000 shares of Class A Common Stock were gifted to a charitable foundation of which the reporting person, Bennett Rosenthal, is a director.

Stakeholder Impact

• Shareholders: A minor reduction in a key insider's indirect beneficial ownership, but through a gift rather than a sale, which typically has less negative signaling.
• Community/Charitable Organizations: The charitable foundation benefits from the gifted shares.

Key Dates

Recommendation

This Form 4 reports a charitable gift of shares by a key insider, not a market sale. While it reduces the insider's beneficial ownership, it does not signal a change in the company's fundamentals or the insider's confidence in the company's future performance. Therefore, it does not warrant a change in investment recommendation based solely on this filing.

Keywords

Ares Management Corp, ARES, Bennett Rosenthal, Form 4, Insider Transaction, Share Gift, Charitable Donation, Beneficial Ownership, Director, Officer, Co-Founder