Paul Joubert of Ares Management (NYSE: ARES) receives 1,728 restricted units

Rhea-AI Filing Summary

Joubert Paul G. reported acquisition or exercise transactions in this Form 4 filing.

Ares Management Corp director Paul G. Joubert was granted 1,728 restricted units of Class A Common Stock on 2026-07-30 under an equity incentive plan. Each unit represents one share upon vesting, with restrictions scheduled to lapse on the first anniversary of the grant date, bringing his reported holdings to 44,196 shares.

Insider Trade Summary

Net Buyer: 1,728 shares

Net Buy 1 txn

Insider Joubert Paul G.

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Class A Common Stock F1, F2	1,728	$0.00	$0.00

Holdings After Transaction: Class A Common Stock — 44,196 shares (Direct)

Footnotes (2)

1. F1. 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 on the first anniversary of the grant date.
2. F2. Includes 1,728 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

Restricted units granted: 1,728 units Grant price per share: $0.0000 per share Total shares after transaction: 44,196 shares

3 metrics

Restricted units granted 1,728 units Equity incentive grant of Class A Common Stock on 2026-07-30

Grant price per share $0.0000 per share Reported transaction price for restricted unit award

Total shares after transaction 44,196 shares Paul G. Joubert’s Class A Common Stock holdings following the grant

Key Terms

restricted units, equity incentive plan, Class A Common Stock

3 terms

restricted units financial

"Each restricted unit represents the right to receive one share of Class A Common Stock"

equity incentive plan financial

"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.

Class A Common Stock financial

"Each restricted unit represents the right to receive one share of Class A Common Stock upon vesting"

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.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 08/03/2026 - 09:36 PM Accepted by SEC EDGAR 08/03/2026 - 09:35 PM Learn about SEC filing dates

FAQ

What insider transaction did Paul G. Joubert report for ARES?

Paul G. Joubert reported an award of 1,728 restricted units of Ares Management Class A Common Stock. The grant was made under an equity incentive plan and increased his reported Class A holdings to 44,196 shares, reflecting his updated ownership position.

How many Ares Management (ARES) shares does Paul G. Joubert hold after this grant?

After the reported equity award, Paul G. Joubert beneficially holds 44,196 shares of Ares Management Class A Common Stock. This total includes 1,728 restricted units, each of which represents the right to receive one share upon vesting under the plan.

What are the terms of the 1,728 restricted units granted to Paul G. Joubert at ARES?

The 1,728 restricted units were granted under an equity incentive plan, each representing one share of Class A Common Stock upon vesting. Restrictions on these units are scheduled to lapse on the first anniversary of the grant date, subject to the award agreement.

Did Paul G. Joubert buy ARES shares on the open market in this Form 4?

No, the Form 4 reports a grant of restricted units, not an open-market purchase. The transaction reflects equity compensation under an Ares Management incentive plan, with a reported price of $0.00 per share, rather than a cash purchase in the market.

How does this Form 4 affect Ares Management (ARES) insider ownership for Paul G. Joubert?

This Form 4 shows an increase in holdings for Paul G. Joubert through a grant of 1,728 restricted units. His total reported Class A holdings rise to 44,196 shares, including unvested restricted units that may convert into shares upon vesting.

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^*

Joubert Paul G.

(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
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/30/2026

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	07/30/2026		A		1,728(1)	A	$0	44,196(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. 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 on the first anniversary of the grant date.

2. Includes 1,728 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	08/03/2026
	** 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).
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)