other
confidence high
sentiment neutral
materiality 0.30
Ares Management CEO Michael Arougheti adopts Rule 10b5-1 plan to sell up to 1.43M shares
Ares Management Corp
- Plan covers up to 1,430,301 shares; trading may start no earlier than May 24, 2023.
- Plan expires May 23, 2024; adopted for estate planning purposes on Feb 22, 2023.
- Plan participant is Michael J Arougheti, executive officer and director, and a vehicle controlled by him.
- Company states plan was adopted when participant not in possession of material non-public info.
- Transactions will be disclosed via Form 144 and Form 4 filings.