McFerran Michael R 4
4 · Ares Management Corp · Filed Aug 3, 2021
Insider Transaction Report
Form 4
McFerran Michael R
EVP, CFO & Treasurer
Transactions
- Tax Payment
Class A Common Stock
2021-07-30$71.61/sh−55,778$3,994,263→ 965,984 total - Exercise/Conversion
Restricted Units
2021-07-30−112,500→ 112,500 totalExp: 2029-01-22→ Class A Common Stock (112,500 underlying) - Exercise/Conversion
Class A Common Stock
2021-07-30+112,500→ 1,021,762 total
Holdings
- 144,453
Options (Right to Buy)
Exercise: $18.35Exp: 2025-03-23→ Class A Common Stock (144,453 underlying)
Footnotes (5)
- [F1]Reflects the vesting of 112,500 restricted units granted on January 22, 2021 under the Ares Management Corporation Third Amended and Restated 2014 Equity Incentive Plan (the "Equity Incentive Plan") on July 30, 2021 pursuant to the vesting conditions of such restricted units. Each restricted unit represents the right to receive one share of Class A Common Stock upon vesting.
- [F2]Includes 817,421 restricted units granted under the Equity Incentive Plan. These restricted units vest in installments in accordance with the applicable restricted unit award agreement.
- [F3]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 the Equity Incentive Plan.
- [F4]The restricted units were granted on January 22, 2021 pursuant to the Equity Incentive Plan, each of which represents the right to receive one share of Class A Common Stock upon vesting. The restricted units are subject to market price-based vesting conditions as follows: 112,500 units will vest if, over all trading days that occur during any 30 consecutive calendar day period on or prior to January 22, 2029, the volume-weighted average price per share of Class A Common Stock is at least $75.00, generally subject to the reporting person's continued service through the applicable vesting date.
- [F5]The options are fully vested as of March 23, 2020.