Ares (ARES) Director Ashish Bhutani Receives Award

What Happened

• Ashish Bhutani, a director of Ares Management Corporation (ARES), received an award of 1,728 restricted units (reported as an acquisition) on July 30, 2026. The units were granted at $0.00 per unit (total reported value $0 on the Form 4) and represent the right to receive one share of Class A Common Stock upon vesting. This was an equity compensation grant (not an open-market purchase or sale).

Key Details

• Transaction date and price: 2026-07-30; 1,728 units @ $0.00.
• Filing date: Form 4 filed 2026-08-03 (filed within the typical Section 16 reporting window).
• Shares owned after transaction: not disclosed in the filing.
• Footnotes: F1 notes grants are under Ares’ equity incentive plan and that restrictions on such units are scheduled to lapse on the first anniversary of the grant date. F2 states the 1,728 restricted units vest in installments per the applicable award agreement; each unit converts to one Class A common share upon vesting.
• Transaction code: “A” (award/grant).

Context

• These restricted units are a form of time- or service-based equity compensation for insiders and typically vest over time; they do not reflect an immediate market purchase or sale. Because the units convert to shares only upon vesting, this award is primarily a retention/compensation action rather than an immediate bullish or bearish trading signal.