Ares (NYSE: ARES) Co-President Blair Jacobson reports 300K-unit grant

Rhea-AI Filing Summary

Ares Management Corporation Co-President Blair Jacobson reported equity compensation transactions in Class A common stock. On January 31, 2026, he was granted 300,000 restricted units at $0 under an equity incentive plan, each unit representing one share upon vesting. These restrictions are scheduled to lapse in four equal installments on January 31, 2028, 2029, 2030 and 2031. On the same date, 47,000 shares of Class A common stock at $149.67 were withheld to satisfy minimum tax withholding obligations arising from vesting of prior restricted units. After these transactions, Jacobson beneficially owned 1,111,221 shares directly, including 621,860 restricted units that vest in installments 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^*

Jacobson Blair

(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)
	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		300,000(1)	A	$0	1,158,221(2)	D
Class A Common Stock	01/31/2026		F		47,000(3)	D	$149.67	1,111,221(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 four equal installments on January 31, 2028, 2029, 2030 and 2031.

2. Includes 721,860 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 621,860 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).
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FAQ

What insider transactions did ARES Co-President Blair Jacobson report?

Blair Jacobson reported a grant of 300,000 restricted units of Ares Management Class A common stock at $0, and 47,000 shares withheld at $149.67 to cover tax obligations from vesting restricted units. Both transactions occurred on January 31, 2026.

How many Ares (ARES) shares does Blair Jacobson own after these transactions?

After the reported transactions, Blair Jacobson directly beneficially owned 1,111,221 shares of Ares Management Class A common stock. This total includes 621,860 restricted units granted under an equity incentive plan, which vest in installments according to the related award agreements.

What are the vesting terms for Blair Jacobson’s 300,000 ARES restricted units?

The 300,000 restricted units granted to Blair Jacobson vest in four equal installments. The restrictions are scheduled to lapse on January 31, 2028, 2029, 2030 and 2031, with each restricted unit representing the right to receive one share of Class A common stock upon vesting.

Why were 47,000 ARES shares withheld in Blair Jacobson’s Form 4?

The 47,000 shares of Ares Management Class A common stock were withheld by the issuer to satisfy minimum tax withholding obligations arising from the vesting of restricted units. These restricted units each represent the right to receive one share of Class A common stock upon vesting.

How many unvested restricted units does Blair Jacobson hold in Ares (ARES)?

Following the transactions, Blair Jacobson’s holdings include 621,860 restricted units granted under an Ares Management equity incentive plan. Each restricted unit represents one share of Class A common stock upon vesting and vests in installments as set out in the award agreements.

What type of equity plan granted Blair Jacobson’s new ARES restricted units?

The 300,000 restricted units and the additional restricted units included in Blair Jacobson’s holdings were granted under an equity incentive plan of Ares Management Corporation. Each restricted unit gives the right to receive one share of Class A common stock when vesting conditions are met.