Ares (ARES) Director Paul G. Joubert Receives Award

What Happened

• Paul G. Joubert, a director of Ares Management Corporation, was granted 1,728 restricted units on July 30, 2026. The units were awarded at a $0.00 acquisition price (total reported value $0) under Ares’ equity incentive plan. This is a grant/award of equity compensation rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-07-30 (Grant / Code A)
• Amount: 1,728 restricted units; Price per unit: $0.00; Reported total value: $0
• Shares owned after transaction: Not specified in this Form 4
• Filing date: 2026-08-03 — filed within the SEC’s 2-business-day Form 4 requirement (timely)
• Footnotes: F1 and F2 state these are restricted units under Ares’ equity incentive plan; each unit represents the right to one Class A share upon vesting. See below for vesting details.

Context

• Restricted units are a form of compensation: they do not represent immediate cash purchase or sale and only convert to shares if and when they vest. Footnote F1 indicates restrictions are scheduled to lapse on the first anniversary of the grant date; footnote F2 states the 1,728 units vest in installments per the award agreement. Retail investors should view this as director compensation rather than a direct insider buy or sell signal.