Ares (NYSE: ARES) Co-President uses shares to cover tax obligations

Rhea-AI Filing Summary

Ares Management Corp Co-President R. Kipp deVeer had 82,957 shares of Class A Common Stock withheld by the company to cover tax obligations tied to the vesting of restricted units under its equity incentive plan. These shares were valued at $111.31 each. After this tax-withholding disposition, he directly holds 1,165,599 shares of Class A Common Stock, plus 987,500 restricted units that each convert into one share as they vest over time.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider deVeer R. Kipp

Role Co-President

Type	Security	Shares	Price	Value
Tax Withholding	Class A Common Stock	82,957	$111.31	$9.23M

Holdings After Transaction: Class A Common Stock — 1,165,599 shares (Direct, null)

Footnotes (1)

1. 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 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. Includes 987,500 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.

Key Figures

Shares withheld for taxes: 82,957 shares Withholding price per share: $111.31 per share Shares held after transaction: 1,165,599 shares +1 more

4 metrics

Shares withheld for taxes 82,957 shares Class A Common Stock withheld to satisfy tax obligations

Withholding price per share $111.31 per share Value used for tax-withholding disposition

Shares held after transaction 1,165,599 shares Direct Class A Common Stock ownership following disposition

Restricted units outstanding 987,500 units Each unit represents one share upon vesting under equity plan

Key Terms

restricted units, equity incentive plan, Class A Common Stock, tax withholding obligations

4 terms

restricted units financial

"Includes 987,500 restricted units granted under an equity incentive plan of Ares Management Corporation."

equity incentive plan financial

"withheld by the Issuer in order to satisfy the minimum tax withholding obligations ... under an equity incentive plan of Ares Management Corporation."

An equity incentive plan is a program that gives employees, executives or directors the right to receive company stock or options to buy stock as part of their pay. Think of it as offering slices of future company profit to motivate people to boost long‑term performance; for investors it matters because it can align employee goals with shareholder value but also increases the number of shares outstanding, which can dilute existing ownership.

Class A Common Stock financial

"Consists of Class A Common Stock withheld by the Issuer in order to satisfy the minimum tax withholding obligations"

Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.

tax withholding obligations financial

"withheld by the Issuer in order to satisfy the minimum tax withholding obligations of the reporting person"

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/02/2026 - 04:11 PM Accepted by SEC EDGAR 07/02/2026 - 04:09 PM Learn about SEC filing dates

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

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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 CALIFORNIA 90067

(City) (State) (Zip)

UNITED STATES

(Country)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/30/2026

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

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

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

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	06/30/2026		F		82,957(1)	D	$111.31	1,165,599(2)	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. 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 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.

2. Includes 987,500 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	07/02/2026
	** 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.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What did ARES Co-President R. Kipp deVeer report in this Form 4?

He reported that 82,957 Ares Class A shares were withheld by the company to cover tax obligations from vesting restricted units, a non-market, compensation-related disposition.

Was this ARES insider transaction an open-market sale?

No. The filing shows a tax-withholding disposition, where the issuer withholds shares to satisfy minimum tax obligations on vesting equity awards, not a discretionary open-market sale.

How many ARES shares does R. Kipp deVeer hold after this transaction?

Following the tax withholding, he directly holds 1,165,599 shares of Ares Class A Common Stock, according to the reported post-transaction ownership figure.

What price per share was used for the ARES tax-withholding shares?

The withheld shares were valued at $111.31 per share, which is the price per share reported for the tax-withholding disposition in the filing.

What are the restricted units mentioned in the ARES Form 4?

The filing states he holds 987,500 restricted units under an equity incentive plan. Each restricted unit represents the right to receive one Ares Class A share as it vests over time.

Does this ARES Form 4 indicate additional equity awards vesting over time?

Yes. The filing notes 987,500 restricted units that vest in installments under the applicable award agreements, each converting into one Ares Class A share upon vesting.