Ares Management (NYSE: ARES) CFO logs stock grant and tax withholding

Rhea-AI Filing Summary

Ares Management Corporation’s Chief Financial Officer Jarrod Phillips reported routine equity compensation activity. On January 20, 2026, he acquired 2,712 shares of Class A Common Stock at $0 per share (code A), granted under an equity incentive plan as restricted units. These units are scheduled to vest in three equal installments on January 20, 2027, 2028 and 2029.

On the same date, 1,683 shares of Class A Common Stock were withheld (code F) at a price of $163.16 per share to satisfy minimum tax withholding obligations related to vesting restricted units. After these transactions, Phillips directly beneficially owned 243,377 shares of Class A Common Stock, which includes 180,003 restricted units that vest in installments under the applicable award agreements.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Phillips Jarrod

(Last) (First) (Middle)

1800 AVENUE OF THE STARS

SUITE 1400

(Street)

LOS ANGELES CA 90067

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Ares Management Corp [ ARES ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Financial Officer

3. Date of Earliest Transaction (Month/Day/Year)
01/20/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	01/20/2026		A		2,712(1)	A	$0	245,060(2)	D
Class A Common Stock	01/20/2026		F		1,683(3)	D	$163.16	243,377(4)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. 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 three equal installments on January 20, 2027, 2028 and 2029.

2. Includes 183,119 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. 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 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.

4. Includes 180,003 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.

Remarks:

	/s/ Anton Feingold, by power of attorney	01/22/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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FAQ

What insider transactions did Ares (ARES) CFO Jarrod Phillips report?

On January 20, 2026, Ares CFO Jarrod Phillips reported the acquisition of 2,712 shares of Class A Common Stock at $0 per share as an equity incentive grant and the withholding of 1,683 shares at $163.16 per share to cover tax obligations tied to vesting restricted units.

How many Ares (ARES) shares does the CFO own after this Form 4?

Following the reported transactions, Ares CFO Jarrod Phillips directly beneficially owned 243,377 shares of Class A Common Stock, which includes 180,003 restricted units that vest in installments under equity award agreements.

What is the nature of the 2,712 Ares (ARES) shares granted to the CFO?

The 2,712 shares reported as acquired by Ares CFO Jarrod Phillips were granted under an equity incentive plan as restricted units, each representing the right to receive one share of Class A Common Stock upon vesting, with restrictions scheduled to lapse in three equal installments on January 20, 2027, 2028 and 2029.

Why were 1,683 Ares (ARES) shares withheld from the CFO?

The 1,683 shares of Class A Common Stock were withheld by Ares Management Corporation to satisfy the minimum tax withholding obligations of CFO Jarrod Phillips arising from the vesting of restricted units, at a reported price of $163.16 per share.

Are the Ares (ARES) CFO’s holdings mostly unrestricted shares or restricted units?

After the transactions, Ares CFO Jarrod Phillips held 243,377 shares of Class A Common Stock in total, including 180,003 restricted units granted under an equity incentive plan, each representing the right to receive one share upon vesting according to the applicable award agreements.

Do the reported Ares (ARES) transactions involve any indirect ownership entities?

The reported holdings for Ares CFO Jarrod Phillips are listed as direct (D) ownership, and the footnotes describe equity incentive grants and tax withholding but do not reference separate entities holding the shares.