Phillips Jarrod 4

4 · Ares Management Corp · Filed Feb 3, 2026

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Updated Feb 4, 2026

Ares (ARES) CFO Jarrod Phillips Receives 100,000-Share Award; 15,568 Shares Withheld

What Happened

Jarrod Phillips, Chief Financial Officer of Ares Management Corporation, was granted 100,000 restricted units (each unit = one share) on 2026-01-31 (award code A). The grant shows an acquisition price of $0.00. On the same date, 15,568 shares were withheld by the issuer to satisfy tax withholding obligations at $149.67 per share, totaling $2,330,063 (disposition code F). The 15,568-share action is issuer withholding to cover taxes, not an open-market sale.

Key Details

Transaction date: 2026-01-31.
Grant: 100,000 restricted units @ $0.00 (award).
Withholding: 15,568 shares withheld @ $149.67 = $2,330,063 (to satisfy tax obligations).
Vesting schedule (for the 100,000-unit grant per footnote): restrictions lapse in four equal annual installments on Jan 31 of 2028, 2029, 2030 and 2031.
Other footnotes note additional restricted-unit awards included in reported holdings (counts of 280,003 and 250,003 units) that vest per their agreements.
Shares owned after the reported transactions: not specified in the provided excerpt.
Filing: Report filed 2026-02-03 for transactions dated 2026-01-31. No late-filing flag was provided in the excerpt.

Context

The 100,000-item is a restricted-unit award (not an open-market purchase) and will convert to shares as it vests over several years. The 15,568-share action is routine issuer withholding to cover taxes triggered by vesting of restricted units and should not be interpreted as a directional sale by the insider. Awards and withholding are common compensation mechanics and do not by themselves signal investment intent.

Form 4

Period: 2026-01-31

Chief Financial Officer

Transactions

Award
Class A Common Stock
[F1][F2]
2026-01-31+100,000→ 343,377 total
Tax Payment
Class A Common Stock
[F3][F4]
2026-01-31$149.67/sh−15,568$2,330,063→ 327,809 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 four equal installments on January 31, 2028, 2029, 2030 and 2031.
[F2]Includes 280,003 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.
[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 250,003 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

/s/ Anton Feingold, by power of attorney|2026-02-03

1 file