secwatch.observer — SEC 8-K summary
======================================

Issuer:     Ares Management Corp (ARES)
CIK:        0001176948
Form:       8-K
Filed at:   2024-02-02T23:59:59+00:00
Accession:  0001628280-24-003092
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1176948/000162828024003092/0001628280-24-003092-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1176948/000162828024003092/ares-20240131.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-003092

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer