Phillips Jarrod 4

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.