Ares (NYSE: ARES) CFO uses 2,583 shares to satisfy tax withholding

Rhea-AI Filing Summary

Ares Management Corp Chief Financial Officer Jarrod Phillips had 2,583 shares of Class A Common Stock withheld at $113.63 per share to cover minimum tax withholding obligations. The shares relate to the vesting of restricted units under an Ares equity incentive plan.

After this tax-withholding disposition, Phillips directly holds 325,226 Class A shares, including 245,003 restricted units granted under the plan. Each restricted unit represents the right to receive one share of Class A Common Stock as it vests over time.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Phillips Jarrod

Role Chief Financial Officer

Type	Security	Shares	Price	Value
Tax Withholding	Class A Common Stock	2,583	$113.63	$294K

Holdings After Transaction: Class A Common Stock — 325,226 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 245,003 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.

Key Figures

Tax-withheld shares: 2,583 shares Withholding price: $113.63 per share Post-transaction holdings: 325,226 shares +1 more

4 metrics

Tax-withheld shares 2,583 shares Class A Common Stock withheld for tax obligations

Withholding price $113.63 per share Price used for tax-withholding disposition

Post-transaction holdings 325,226 shares Class A Common Stock held directly after transaction

Restricted units outstanding 245,003 units Restricted units granted under equity incentive plan

Key Terms

restricted units, equity incentive plan, tax withholding obligations

3 terms

restricted units financial

"Includes 245,003 restricted units granted under an equity incentive plan"

equity incentive plan financial

"restricted units granted 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.

tax withholding obligations financial

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

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/02/2026 - 04:09 PM Accepted by SEC EDGAR 07/02/2026 - 04:08 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^*

Phillips Jarrod

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/01/2026

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	07/01/2026		F		2,583(1)	D	$113.63	325,226(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 245,003 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	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 insider transaction did Ares (ARES) CFO Jarrod Phillips report?

Jarrod Phillips reported a tax-related share disposition. 2,583 Class A shares were withheld by Ares to satisfy minimum tax obligations arising from the vesting of restricted units, rather than being sold in the open market.

Was the Ares (ARES) CFO’s Form 4 transaction an open-market sale?

No, it was not an open-market sale. The 2,583 shares were withheld by Ares Management Corp to cover tax liabilities from vesting restricted units, a common administrative step tied to equity compensation.

How many Ares (ARES) shares does CFO Jarrod Phillips hold after this filing?

After the transaction, Jarrod Phillips directly holds 325,226 Class A shares. This total includes restricted units that convert into shares upon vesting under Ares Management Corp’s equity incentive plan.

What are the restricted units mentioned in the Ares (ARES) Form 4 filing?

The filing notes 245,003 restricted units granted under an equity incentive plan. Each restricted unit entitles the holder to receive one share of Ares Class A Common Stock as it vests according to the award agreement schedule.

Why did Ares (ARES) withhold 2,583 shares from the CFO’s equity award?

Ares withheld 2,583 Class A shares to satisfy minimum tax withholding obligations triggered by the vesting of restricted units. This avoids the executive needing separate cash to pay taxes on the equity compensation.