Phillips Jarrod 4

What Happened
Jarrod Phillips, Chief Financial Officer of Ares Management Corporation, had 2,583 shares of Class A common stock withheld by the issuer on July 1, 2026 to satisfy tax withholding obligations tied to the vesting of restricted units. The shares were valued at $113.63 each, for a total withholding value of approximately $293,506. This was a withholding/disposition to cover taxes—not an open‑market sale signaling a change in investment stance.

Key Details

• Transaction date: 2026-07-01; Filing date (Form 4): 2026-07-02 (filed the next day).
• Transaction type/code: F — shares withheld to satisfy tax withholding obligations.
• Shares withheld/disposed: 2,583 @ $113.63 = $293,506 (approx.).
• Shares owned after transaction: Filing does not state a full total of beneficially owned shares after the withholding; the filing notes 245,003 restricted units (see footnote).
• Notable footnotes:
  • F1: Shares were withheld by the issuer to satisfy minimum tax withholding on vesting of restricted units. Each restricted unit equals one share upon vesting.
  • F2: The filing includes 245,003 restricted units granted under Ares' equity incentive plan; these vest in installments per the award agreement.
• Timeliness: Filed July 2 for a July 1 transaction — consistent with the Form 4 reporting deadline for officers.

Context
This transaction is a routine tax-withholding event related to equity compensation (restricted units). Such withholdings are standard when awards vest and do not necessarily reflect buying or selling decisions by the insider. For retail investors, purchases are generally more informative about insider sentiment than withholding or other administrative dispositions.