Ares Management (NYSE: ARES) CEO gets 200,000-unit grant, 152,495 shares withheld

Rhea-AI Filing Summary

Ares Management Corporation’s Co-Founder and CEO Michael J. Arougheti reported equity compensation and related tax withholding transactions in Class A Common Stock on January 31, 2026.

He received 200,000 restricted units under an equity incentive plan, each representing one share of Class A Common Stock upon vesting. These units are scheduled to vest in three equal installments on June 30, 2027, 2028 and 2029.

On the same date, 152,495 shares of Class A Common Stock were withheld by Ares Management to satisfy his minimum tax withholding obligations arising from the vesting of earlier restricted unit awards, at a price of $149.67 per share. After these transactions, he beneficially owned 1,447,505 Class A shares and restricted units, including 1,300,000 restricted units that continue to vest in installments under 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^*

Arougheti Michael J

(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-Founder and CEO

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	1,600,000(2)	D
Class A Common Stock	01/31/2026		F		152,495(3)	D	$149.67	1,447,505(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 1,600,000 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 1,300,000 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 CEO Michael Arougheti report on January 31, 2026?

Michael Arougheti reported an equity grant and tax withholding. He received 200,000 restricted units tied to Ares Management Class A Common Stock, and 152,495 shares were withheld by the company to cover minimum tax obligations from vesting of prior restricted unit awards.

How many restricted stock units did the ARES CEO receive in the 2026 Form 4 filing?

The CEO received 200,000 restricted units on January 31, 2026. Each restricted unit represents the right to receive one share of Ares Management Class A Common Stock upon vesting, under the company’s equity incentive plan, with vesting scheduled over future years.

What is the vesting schedule for Michael Arougheti’s 200,000 restricted units at Ares Management (ARES)?

The 200,000 restricted units vest in three equal installments. The restrictions are scheduled to lapse on June 30, 2027, June 30, 2028, and June 30, 2029, with each date releasing one-third of the award into Class A Common Stock for the CEO.

Why were 152,495 Ares Management (ARES) shares withheld and at what price?

152,495 shares were withheld to cover tax obligations. Ares Management withheld these Class A Common Stock shares to satisfy the CEO’s minimum tax withholding from vesting restricted units, using a price of $149.67 per share for the withholding calculation.

How many Ares Management (ARES) shares and units does Michael Arougheti beneficially own after these transactions?

After the reported transactions, he beneficially owned 1,447,505 units and shares. This total includes 1,300,000 restricted units granted under Ares Management’s equity incentive plan, which vest in installments according to the applicable restricted unit award agreements.

What longer-term restricted unit positions does the ARES CEO hold according to this Form 4?

The CEO holds substantial unvested restricted units. The filing notes 1,600,000 restricted units in one line and 1,300,000 in another, each unit representing one future share of Class A Common Stock, vesting in installments under equity incentive award agreements.