deVeer R. Kipp 4

What Happened

• deVeer R. Kipp, Co‑President and Director of Ares Management Corporation, received a grant of 200,000 restricted units (each unit represents the right to one share) on 2026-01-31 (award recorded at $0.00).
• To satisfy tax withholding related to vesting, 101,444 shares were withheld/disposed at $149.67 per share, totaling $15,183,123. This withholding is a tax-related disposition, not an open‑market sale.

Key Details

• Transaction date: 2026-01-31; filing date: 2026-02-03 (covers the Jan 31 transactions). Filing appears timely.
• Award: 200,000 restricted units granted (F1). Grant price: $0.00 per unit (award).
• Tax withholding/disposition: 101,444 shares at $149.67 each = $15,183,123 (code F in filing).
• Shares owned after transaction: not specified in the supplied summary of the filing.
• Notable footnotes:
  • F1: The 200,000 restricted units vest in three equal installments on June 30, 2027, 2028 and 2029.
  • F3: The 101,444 shares were withheld by the issuer to satisfy minimum tax withholding obligations on vesting.
  • Additional footnotes (F2, F4) reference other restricted unit grants (e.g., 1,350,000 and 1,150,000 units) under the company’s equity incentive plan — see the full filing for details.

Context

• Restricted units are a form of compensation that convert to shares upon vesting; this grant vests over future dates (per F1).
• The withheld shares were used solely to cover tax obligations (a common administrative action) and should not be interpreted as an active market sale expressing sentiment.
• This filing documents an award and a tax-withholding disposition, not a purchase.