Arougheti Michael J 4
4 · Ares Management Corp · Filed Jul 2, 2026
Research Summary
AI-generated summary of this filing
Ares CEO Michael Arougheti Withholds 82,957 Shares for Taxes
What Happened
Michael J. Arougheti, Co‑Founder, CEO and Director of Ares Management Corporation (ARES), had 82,957 shares of Class A common stock withheld by the issuer on June 30, 2026 to satisfy minimum tax withholding obligations tied to the vesting of restricted units. The shares were valued at $111.31 each, for a total of $9,233,944. This transaction is a withholding to cover taxes (transaction code F), not an open‑market sale for cash to invest or divest.
Key Details
- Transaction date: 2026-06-30; filing accession: 0001304471-26-000006 (filed 2026-07-02).
- Shares withheld/disposed: 82,957 at $111.31 each; total value $9,233,944.
- Transaction code: F (shares withheld by issuer to satisfy tax obligations on vesting restricted units).
- Footnote F1: Shares were withheld by the issuer to satisfy the reporting person’s minimum tax withholding arising from restricted unit vesting; each restricted unit converts to one share on vesting.
- Footnote F2: The reporting person’s holdings include 1,137,500 restricted units granted under the equity incentive plan; those units vest in installments per the award agreement.
- Shares owned after the transaction: not specified in the provided excerpt of the filing.
Context
This was a routine tax‑withholding transaction associated with vested restricted units (a form of equity compensation). Such withholdings are common and reflect tax obligations rather than a voluntary sale for investment purposes. The filing reports the mechanics and value of the withheld shares; it does not by itself indicate the insider’s view on the company’s stock.
Insider Transaction Report
- Tax Payment
Class A Common Stock
[F1][F2]2026-06-30$111.31/sh−82,957$9,233,944→ 1,364,548 total
Footnotes (2)
- [F1]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.
- [F2]Includes 1,137,500 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.