Ares Management grants 1.6M RSUs to CEO, Credit head and others for reduced incentive fees

Ares Management Corp

Granted 1.6M RSUs to CEO Arougheti, Credit head deVeer and others in exchange for reducing 2024 incentive fee allocations.
Arougheti and deVeer each received 400,000 RSUs; RSUs vest in four equal installments from June 2026 to June 2029.
Company can grant up to 1M additional RSUs for a 2025 reduction and up to 800k for a 2026 reduction, with similar vesting.
RSUs carry lock-up restrictions on shares issued before June 30, 2029, releasing in installments on each anniversary of vesting.

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