Ares Management (NYSE: ARES) CFO gets 100,000-share equity grant

Rhea-AI Filing Summary

Ares Management Corporation’s Chief Financial Officer, Jarrod Phillips, reported equity-related transactions in Class A common stock. On January 31, 2026, he received 100,000 restricted units at $0 under the company’s equity incentive plan, each unit convertible into one share as it vests between 2028 and 2031.

On the same date, 15,568 shares were withheld at $149.67 per share to cover minimum tax obligations from vesting. After these transactions, he beneficially owned 327,809 Class A shares directly, including 250,003 restricted units scheduled to vest in installments under applicable award agreements.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Phillips Jarrod

Role Chief Financial Officer

Type	Security	Shares	Price	Value
Grant/Award	Class A Common Stock	100,000	$0.00	--
Tax Withholding	Class A Common Stock	15,568	$149.67	$2.33M

Holdings After Transaction: Class A Common Stock — 343,377 shares (Direct)

Footnotes (1)

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. Includes 280,003 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. 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. Includes 250,003 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.

Form 4 Insider Transactions: What Each Field Means →

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 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)
	Chief Financial Officer

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		100,000(1)	A	$0	343,377(2)	D
Class A Common Stock	01/31/2026		F		15,568(3)	D	$149.67	327,809(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 280,003 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.

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 250,003 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	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).
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.

FAQ

What insider transactions did Ares (ARES) CFO Jarrod Phillips report?

Jarrod Phillips reported receiving 100,000 restricted units of Ares Class A Common Stock at $0 on January 31, 2026, under an equity incentive plan, and a separate withholding of 15,568 shares at $149.67 to satisfy minimum tax obligations arising from restricted unit vesting.

How many Ares (ARES) shares does the CFO own after these Form 4 transactions?

After the January 31, 2026 transactions, Ares CFO Jarrod Phillips beneficially owned 327,809 shares of Class A Common Stock directly, which includes 250,003 restricted units that vest in installments according to the terms of the company’s equity incentive award agreements.

What are the terms of the 100,000 restricted units granted to Ares (ARES) CFO?

The 100,000 restricted units granted to the Ares CFO each represent the right to receive one share of Class A Common Stock. The restrictions are scheduled to lapse in four equal installments on January 31, 2028, January 31, 2029, January 31, 2030, and January 31, 2031.

Why were 15,568 Ares (ARES) shares withheld in the CFO’s Form 4?

The 15,568 Class A shares were withheld by Ares Management to satisfy the CFO’s minimum tax withholding obligations. These obligations arose from the vesting of restricted units, each representing the right to receive one share of Class A Common Stock under the company’s equity incentive plan.

How many Ares (ARES) restricted units are included in the CFO’s ownership after the filing?

Following the reported transactions, the CFO’s beneficial ownership includes 250,003 restricted units granted under Ares Management’s equity incentive plan. Each restricted unit can convert into one share of Class A Common Stock and vests in installments based on the applicable restricted unit award agreements.

Over what period will Ares (ARES) CFO’s new restricted units vest?

The 100,000 newly granted restricted units to the Ares CFO will vest over four years. The restrictions lapse in equal installments on January 31 of 2028, 2029, 2030, and 2031, aligning the award with a multi-year retention and incentive horizon.