4//SEC Filing
deVeer R. Kipp 4
Accession 0001628280-24-037827
CIK 0001176948other
Filed
Aug 18, 8:00 PM ET
Accepted
Aug 19, 9:39 PM ET
Size
8.1 KB
Accession
0001628280-24-037827
Insider Transaction Report
Form 4
deVeer R. Kipp
DirectorHead of Credit Group
Transactions
- Conversion
Class A Common Stock
2024-08-15+300,000→ 1,375,000 total - Conversion
Ares Operating Group Units
2024-08-15−300,000→ 1,210,409 total(indirect: By Ares Owners Holdings L.P.)→ Class A Common Stock (300,000 underlying)
Footnotes (3)
- [F1]Includes 1,075,000 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.
- [F2]Pursuant to the terms of the Fifth Amended and Restated Exchange Agreement (the "Exchange Agreement"), dated as of April 1, 2021, among Ares Management Corporation, Ares Holdings L.P. and each Ares Operating Group Limited Partner (as defined in the Exchange Agreement), and subject to certain requirements and restrictions, the partnership units of the Ares Operating Group ("AOG Units") are exchangeable for shares of Class A Common Stock on a one-for-one basis.
- [F3]The reporting person or a vehicle controlled by him is a limited partner in Ares Owners Holdings L.P. ("AOH"), the direct holder of the shares of AOG Units. The AOG Units indirectly held by the reporting person are the number of AOG Units that he has a right to receive as a limited partner in AOH.
Documents
Issuer
Ares Management Corp
CIK 0001176948
Entity typeother
Related Parties
1- filerCIK 0001576312
Filing Metadata
- Form type
- 4
- Filed
- Aug 18, 8:00 PM ET
- Accepted
- Aug 19, 9:39 PM ET
- Size
- 8.1 KB