Ares Management Corp
For the period ended Sep 30, 2024. Filed Nov 8, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 8, 2024
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Item 5. Other Information
Rule 10b5-1 Trading Plans
During the three months ended September 30, 2024, certain executive officers and directors of the Company or a vehicle controlled by them (each, a “Plan Participant”) entered into Rule 10b5-1 trading plan (a “Rule 10b5-1 Trading Plan”) to sell shares of the Company’s Class A common stock, in each case, subject to any applicable volume limitations.
The table below provides certain information regarding each Plan Participant’s Rule 10b5-1 Trading Plan.
| Name and Title | Plan Date | Maximum Shares That May Be Sold Under the Plan | Plan Expiration Date |
|---|---|---|---|
| Bennett Rosenthal, Director, Co-Founder and Chairman of Private Equity Group | August 16, 2024 | 250,000 | May 15, 2025 |
| David Kaplan, Director and Co-Founder | August 16, 2024 | 250,000 | May 15, 2025 |
| R. Kipp deVeer, Director and Head of Credit Group | September 6, 2024 | (1) | August 15, 2025 |
(1)Includes 300,000 shares of Class A common stock plus an undetermined number of shares of Class A common stock that may be sold resulting from the vesting and settlement of up to 175,000 restricted stock units less the amount of shares of Class A common stock that will be withheld to satisfy the payment of R. Kipp deVeer’s tax withholding obligations with respect to the settlement of such vested restricted stock units.
A Rule 10b5-1 Trading Plan is a written document that pre-establishes the amounts, prices and dates (or formulas for determining the amounts, prices and dates) of future purchases or sales of the Company’s common stock, including, if applicable, shares issued upon exercise of stock options or vesting of restricted stock units.
Each Plan Participant’s Rule 10b5-1 Trading Plan wasadopted during an authorized trading period and when such Plan Participant was not in possession of material non-public information and is intended to satisfy the affirmative defense of Rule 10b5-1(c) under the Exchange Act.
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