Ares Management (NYSE: ARES) General Counsel gets stock units, covers taxes

Rhea-AI Filing Summary

Ares Management Corp General Counsel Sagati Aghili Naseem reported equity transactions in Class A Common Stock on January 20, 2026. The filing shows an acquisition of 2,712 shares at $0, granted under an equity incentive plan as restricted units that vest in three equal installments on January 20, 2027, 2028 and 2029.

On the same date, 1,089 shares were withheld at a price of $163.16 per share to cover minimum tax withholding obligations triggered by vesting of restricted units. After these transactions, the reporting person directly beneficially owned 256,520 shares of Class A Common Stock, including 154,872 restricted units that vest over time 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

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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^*

Sagati Aghili Naseem

(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)
	General Counsel

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	257,609(2)	D
Class A Common Stock	01/20/2026		F		1,089(3)	D	$163.16	256,520(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 157,810 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 154,872 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/ Naseem Sagati Aghili	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).
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FAQ

What insider transaction did ARES General Counsel report on January 20, 2026?

The General Counsel of Ares Management Corp (ARES), Sagati Aghili Naseem, reported an acquisition of 2,712 shares of Class A Common Stock on January 20, 2026 under an equity incentive plan, along with a separate tax-related share withholding transaction.

How many ARES shares were granted to the General Counsel and on what terms?

The filing reports 2,712 restricted units, each representing one share of Class A Common Stock, granted at $0. The restrictions are scheduled to lapse in three equal installments on January 20, 2027, 2028 and 2029.

Why were 1,089 Ares Management (ARES) shares withheld in this Form 4?

The 1,089 shares of Class A Common Stock were withheld by Ares Management Corp to satisfy the minimum tax withholding obligations arising from the vesting of restricted units, at a price of $163.16 per share.

How many ARES shares does the General Counsel own after these transactions?

Following the reported transactions, the General Counsel directly beneficially owned 256,520 shares of Ares Management Corp Class A Common Stock, which includes 154,872 restricted units that vest in installments under existing award agreements.

What are the key features of the Ares Management equity incentive awards in this Form 4?

The equity awards are restricted units granted under an Ares Management Corporation equity incentive plan. Each unit represents one share of Class A Common Stock upon vesting, with vesting occurring in scheduled installments as set out in the award agreements, including three equal tranches on January 20, 2027, 2028 and 2029 for the new 2,712-unit grant.