Ares (NYSE: ARES) Co-President deVeer awarded 200,000 shares and withholds stock for taxes

Rhea-AI Filing Summary

Ares Management Corporation Co-President and director deVeer R. Kipp received 200,000 restricted units of Class A Common Stock on January 31, 2026 at a grant price of $0 per share. These units were granted under an equity incentive plan and are scheduled to vest in three equal installments on June 30, 2027, June 30, 2028, and June 30, 2029.

After this grant, Kipp beneficially owned 1,350,000 shares, including restricted units that vest over time. On the same date, 101,444 shares of Class A Common Stock at $149.67 per share were withheld to cover minimum tax obligations arising from vesting, leaving 1,248,556 shares beneficially owned, including 1,150,000 restricted units subject to vesting conditions.

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^*

deVeer R. Kipp

(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)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Co-President

3. Date of Earliest Transaction (Month/Day/Year)
01/31/2026

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	01/31/2026		A		200,000(1)	A	$0	1,350,000(2)	D
Class A Common Stock	01/31/2026		F		101,444(3)	D	$149.67	1,248,556(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 June 30, 2027, 2028 and 2029.

2. Represents 1,350,000 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 1,150,000 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	02/03/2026
	** 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).
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FAQ

What insider transactions did ARES Co-President deVeer R. Kipp report?

DeVeer R. Kipp reported receiving 200,000 restricted units of Ares Class A Common Stock and a tax withholding of 101,444 shares. Both transactions occurred on January 31, 2026 and relate to the company’s equity incentive compensation program and associated tax obligations.

How many ARES shares does deVeer R. Kipp beneficially own after these transactions?

After the January 31, 2026 transactions, deVeer R. Kipp beneficially owns 1,248,556 Ares Class A Common shares. This figure includes 1,150,000 restricted units that each represent the right to receive one share upon vesting in future installments.

What are the vesting terms for the 200,000 restricted ARES units granted to Kipp?

The 200,000 restricted units granted to Kipp vest in three equal installments on June 30, 2027, June 30, 2028, and June 30, 2029. Each restricted unit converts into one share of Ares Class A Common Stock upon vesting under the equity incentive plan.

Why were 101,444 ARES shares withheld in Kipp’s Form 4 filing?

The 101,444 Ares Class A Common shares were withheld to satisfy minimum tax withholding obligations triggered by the vesting of restricted units. This is a non-open-market transaction coded “F,” reflecting shares withheld rather than sold to third parties for cash.

At what price were the withheld ARES shares valued in Kipp’s transaction?

The 101,444 Ares Class A Common shares withheld for taxes were valued at $149.67 per share. This valuation is used solely to determine the number of shares needed to cover tax obligations related to the vesting of prior restricted unit awards.

What is the nature of the restricted units held by deVeer R. Kipp at ARES?

Kipp’s restricted units were granted under Ares Management Corporation’s equity incentive plan. Each restricted unit represents the right to receive one share of Class A Common Stock upon vesting, with vesting occurring in installments according to the applicable award agreements.