Sagati Aghili Naseem 4

What Happened Sagati Aghili Naseem, General Counsel of Ares Management Corporation (ARES), was granted 2,712 restricted units on January 20, 2026. On the same date 1,089 shares were withheld/disposed to satisfy tax withholding obligations at $163.16 per share, producing a withholding value of $177,681. The award is a grant of restricted units (not an open-market purchase or sale); withholding to cover taxes is a routine administrative step, not a market sell decision.

Key Details

• Transaction date: January 20, 2026; Form 4 filed January 22, 2026.
• Award: 2,712 restricted units (code A) — acquired at $0.00 (these represent the right to one share each upon vesting).
• Tax withholding: 1,089 shares withheld/disposed (code F) at $163.16 = $177,681.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Notable footnotes:
  • F1: The 2,712 units were granted under Ares’ equity incentive plan and vest in three equal installments on Jan 20 of 2027, 2028 and 2029.
  • F2/F4: Filing references larger pools of restricted units (e.g., 157,810 and 154,872 units) that vest per award agreements.
  • F3: Confirms the 1,089 shares were withheld by the issuer to satisfy minimum tax withholding obligations arising from vesting.
• Timeliness: Filed two days after the transaction date (Jan 22 filing for Jan 20 transactions); the filing does not indicate lateness.

Context Restricted units (RSUs) represent future delivery rights to shares once vesting conditions are met. The withholding of shares to cover taxes is common and functions like a cashless tax payment — it does not necessarily indicate a deliberate market sale. This filing records an award plus routine tax withholding rather than a open-market buy or discretionary sale.