SCHEDULE 13G/A: Ryan Berry Updates Stake in Ares Management Corporation, Reports 0.27% Beneficial Ownership and Group Status Change
Beneficial Ownership Report
Ryan Berry has filed an amended Schedule 13G, disclosing a 0.27% beneficial ownership stake in Ares Management Corporation's Class A common stock as of December 31, 2024, and noting a change in his group affiliation due to ceasing a board role.
Summary
- Ryan Berry, a Canadian citizen, filed Amendment No. 7 to Schedule 13G regarding his beneficial ownership in Ares Management Corporation.
- As of December 31, 2024, Ryan Berry beneficially owns an aggregate of 541,528 shares of Ares Management Corporation's Class A common stock.
- This ownership represents 0.27% of the total Class A shares outstanding.
- The beneficial ownership is comprised of 201,702 Class A Shares directly held (representing Restricted Stock Units subject to vesting conditions) and 339,826 Class A Shares indirectly held.
- The percentage of class is calculated based on 203,362,482 Class A Shares outstanding on December 31, 2024, as reported by the Issuer, increased by the 201,702 RSUs held by the Reporting Person.
- Ryan Berry is no longer considered part of a group that could be deemed to beneficially own more than 5% of the outstanding Class A Shares, due to his cessation as a member of the Board of Managers of Ares Partners Holdco LLC.
Sentiment
Score: 5
Explanation: The document is a routine beneficial ownership filing, providing factual information without indicating positive or negative financial performance or strategic shifts for the company.
Future Outlook
NA
Industry Context
NA
Management Changes
| Role | Previous Person | New Person | Effective Date | Reason |
|---|---|---|---|---|
| Member of the Board of Managers of Ares Partners Holdco LLC | Ryan Berry | Cessation of membership, leading to a change in beneficial ownership group status. |
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Beneficial Ownership Group Status Change | Ryan Berry is no longer considered part of a group that could be deemed to beneficially own more than 5% of Ares Management Corporation's Class A Shares, following his cessation as a member of the Board of Managers of Ares Partners Holdco LLC. | This change alters the reporting person's beneficial ownership group status, reducing the aggregate reported ownership for the former group below the 5% threshold, and impacts regulatory disclosure requirements. |
Key Dates
| Date | Description |
|---|---|
| 12/31/2024 | Date of event which requires the filing of this statement (beneficial ownership snapshot). |
| 02/14/2025 | Date the Schedule 13G statement was signed. |
Keywords
Ares Management Corporation, Ryan Berry, Schedule 13G, Beneficial Ownership, Class A Common Stock, SEC Filing, Restricted Stock Units, Corporate Governance, Investment Management
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