Phillips Jarrod 4
Accession 0001832049-26-000002
Filed
Jan 21, 7:00 PM ET
Accepted
Jan 22, 5:20 PM ET
Size
7.7 KB
Accession
0001832049-26-000002
Research Summary
AI-generated summary of this filing
Ares (ARES) CFO Jarrod Phillips Receives Restricted Award, Shares Withheld
What Happened Jarrod Phillips, Chief Financial Officer of Ares Management Corporation, was granted 2,712 restricted units on January 20, 2026 (reported as an award). On the same date 1,683 shares were withheld/disposed to satisfy tax withholding obligations at $163.16 per share, totaling $274,598. The award units represent rights to receive Class A common shares upon vesting.
Key Details
- Transaction date: 2026-01-20
- Grant: 2,712 restricted units (code A) — grant price reported as $0.00.
- Tax withholding/disposition: 1,683 shares (code F) withheld at $163.16/share = $274,598.
- Shares owned after transaction: Not specified in the provided filing.
- Footnotes: F1 notes the restricted units vest in three equal installments on Jan 20, 2027, 2028 and 2029. F3 confirms the shares were withheld by the issuer to satisfy minimum tax withholding. Other footnotes (F2, F4) reference additional restricted-unit grants/holdings (e.g., 183,119 and 180,003 units) that vest per their award agreements.
- Filing timeliness: No late-filing indicator noted in the provided accession details.
Context These transactions are a grant of restricted units and an issuer withholding of shares to cover taxes (a common, routine practice), not an open-market sale. Restricted units convert to shares only as they vest per the award schedule; withheld shares were surrendered to the company to meet tax obligations rather than sold on the market.
Insider Transaction Report
- Award
Class A Common Stock
[F1][F2]2026-01-20+2,712→ 245,060 total - Tax Payment
Class A Common Stock
[F3][F4]2026-01-20$163.16/sh−1,683$274,598→ 243,377 total
Footnotes (4)
- [F1]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 restrictions on such units are scheduled to lapse in three equal installments on January 20, 2027, 2028 and 2029.
- [F2]Includes 183,119 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.
- [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 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.
- [F4]Includes 180,003 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.
Signature
Documents
Issuer
Ares Management Corp
CIK 0001176948
Related Parties
1- filerCIK 0001832049
Filing Metadata
- Form type
- 4
- Filed
- Jan 21, 7:00 PM ET
- Accepted
- Jan 22, 5:20 PM ET
- Size
- 7.7 KB