Jacobson Blair 4

What Happened
Blair Jacobson, Co‑President of Ares Management Corporation, had 2,093 shares of Class A common stock withheld by the company to satisfy tax withholding obligations tied to the vesting of restricted units. The shares were valued at $163.16 each, for a total value of $341,494. This transaction is a tax-withholding disposal (code F), not an open-market sale.

Key Details

• Transaction date: January 20, 2026; Filing date (Form 4): January 22, 2026 (timely filing).
• Shares withheld/disposed: 2,093 at $163.16 each — total $341,494.
• Transaction code: F (payment of exercise price or tax liability via share withholding).
• Shares owned after transaction: not specified in the provided excerpt of the filing.
• Footnotes:
  • F1 — Shares were Class A common stock withheld by the issuer to satisfy minimum tax withholding on vesting of restricted units (each RU = 1 share).
  • F2 — The filing notes 421,860 restricted units granted under Ares’ equity incentive plan; these restricted units vest in installments per the award agreements.

Context
This was a routine tax-withholding event tied to restricted-unit vesting (a common form of equity compensation). Because shares were withheld by the company to cover taxes, this is not a directional insider sale intended to take cash proceeds from the market; it simply fulfills tax obligations upon vesting.