Form 4 for ARES Ares Management
Accepted 2024-02-02 00:00:00 ET · period of report 2024-01-31 · accession 0001628280-24-003152 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| M | 2024-02-02 | 2024-01-31 | ARES | deVeer R. Kipp | Head of Credit Group, Dir | A - Grant | $0.00 | +600.0K | 1.41M | +74% | $0 |
| 2024-02-02 | 2024-01-31 | ARES | deVeer R. Kipp | Head of Credit Group, Dir | F - Tax | $121.48 | -81.8K | 1.33M | -6% | -$9.94M |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Class A Common Stock | 2024-01-31 | A | A | 400,000 | $0.00 | 1,210,315 | D | — | — | (F1) Granted under an equity incentive plan of Ares Management Corporation. In exchange for such restricted units, the reporting person has agreed to reductions in certain incentive fee payments. Each restricted unit represents the right to receive one share of Class A Common Stock upon vesting. The restrictions on such units are scheduled to lapse in four equal installments on June 30, 2026, 2027, 2028 and 2029. The shares of Class A Common Stock issued upon such vesting will be subject to certain lock-up restrictions. (F2) Includes (i) the 400,000 restricted units reported in footnote one herein and (ii) 625,000 previously granted and reported restricted units granted under an equity incentive plan of Ares Management Corporation. Each restricted unit represents the right to receive one share of Class A Common Stock upon vesting. The restricted units vest in installments in accordance with the applicable restricted unit award agreement. |
| 2 | Common | Class A Common Stock | 2024-01-31 | F | D | 81,790 | $121.48 | 1,328,525 | D | — | — | (F5) Consists of Class A Common Stock withheld by the Issuer in order to satisfy the minimum tax withholding obligations of the reporting person arising in connection with the vesting of previously granted and reported restricted units representing the right to receive one share of Class A Common Stock under an equity incentive plan of Ares Management Corporation. Each restricted unit represents the right to receive one share of Class A Common Stock upon vesting. (F6) Includes (i) the 400,000 restricted units reported in footnote one herein, (ii) the 200,000 restricted units reported in footnote three herein and (iii) 475,000 previously granted and reported restricted units granted under an equity incentive plan of Ares Management Corporation. Each restricted unit represents the right to receive one share of Class A Common Stock upon vesting. The restricted units vest in installments in accordance with the applicable restricted unit award agreement. |
| 3 | Common | Class A Common Stock | 2024-01-31 | A | A | 200,000 | $0.00 | 1,410,315 | D | — | — | (F3) Granted under an equity incentive plan of Ares Management Corporation. Each restricted unit represents the right to receive one share of Class A Common Stock upon vesting. The restrictions on such units are scheduled to lapse in four equal installments on January 31, 2026, 2027, 2028 and 2029. (F4) Includes (i) the 400,000 restricted units reported in footnote one herein, (ii) the 200,000 restricted units reported in footnote three herein and (iii) 625,000 previously granted and reported restricted units granted under an equity incentive plan of Ares Management Corporation. Each restricted unit represents the right to receive one share of Class A Common Stock upon vesting. The restricted units vest in installments in accordance with the applicable restricted unit award agreement. |