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ARES

Ares Management Corp

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Tapewire entity
3048
SEC CIK
0001176948
Parsed reports
448

Last 12 months

Inside the activity.

2 purchase rows · 28 sale rows

Disclosed non-derivative P/S rows, by transaction month. Includes amendments and private transactions.
Monthly counts
MonthPurchasesSales
Nov 2025012
Dec 202506
Jan 202603
Feb 202627
Mar 202600
Apr 202600
May 202600
Jun 202600
Jul 202600
Aug 202600
Sep 202600
Oct 202600

Latest available

Insider transactions

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Purchases/sales include open-market and private transactions. Plan disclosure applies to the filing; individual rows may differ. “Not disclosed” is not “unplanned.”

The cutoff filters transaction history only. Company summaries and owner relationships show the latest available disclosures. Parser corrections can improve historical records.

Transaction dateOwner / reported roleActivity / securityShares / unitsReported priceReported valueDetails
May 19, 2020 Filed May 21, 2020 00:48 UTC
Rosenthal BennettDirector · Co-Founder & Co-Chair of PEG
SaleClass A Common Stock 4,948 $35.26 $174,466.48
Disclosure

SEC source: 0001628280-20-008168 · wf-form4_159002211013880.xml · nonDerivative · entry 3

Rosenthal Bennett · CIK 0001304465 · Director · Co-Founder & Co-Chair of PEG

10b5-1 filing: Not disclosed

Ownership: Indirect · By BAR Holdings, LLC

Disclosed balance after: 707,782

F1 · kind: This transaction was effected pursuant to a 10b5-1 trading plan previously adopted by the reporting person or a vehicle controlled by him.

F4 · price: The price reported in Column 4 is a weighted average price. These shares were sold on May 19, 2020 in multiple transactions at prices ranging from $35.20 to $35.46.

Read SEC document
May 19, 2020 Filed May 21, 2020 00:48 UTC
Rosenthal BennettDirector · Co-Founder & Co-Chair of PEG
SaleClass A Common Stock 37,802 $34.79 $1,315,131.58
Disclosure

SEC source: 0001628280-20-008168 · wf-form4_159002211013880.xml · nonDerivative · entry 2

Rosenthal Bennett · CIK 0001304465 · Director · Co-Founder & Co-Chair of PEG

10b5-1 filing: Not disclosed

Ownership: Indirect · By BAR Holdings, LLC

Disclosed balance after: 712,730

F1 · kind: This transaction was effected pursuant to a 10b5-1 trading plan previously adopted by the reporting person or a vehicle controlled by him.

F3 · price: The price reported in Column 4 is a weighted average price. These shares were sold on May 19, 2020 in multiple transactions at prices ranging from $34.19 to $35.17.

Read SEC document
May 19, 2020 Filed May 21, 2020 00:46 UTC
Arougheti Michael JDirector · Co-Founder, CEO and President
SaleClass A Common Stock 15,680 $35.11 $550,524.80
Disclosure

SEC source: 0001628280-20-008166 · wf-form4_159002197908825.xml · nonDerivative · entry 2

Arougheti Michael J · CIK 0001304471 · Director · Co-Founder, CEO and President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 653,556

F1 · kind: This transaction was effected pursuant to a 10b5-1 trading plan previously adopted by the reporting person or a vehicle controlled by him.

F4 · price: The price reported in Column 4 is a weighted average price. These shares were sold on May 19, 2020 in multiple transactions at prices ranging from $35.00 to $35.51.

F3 · balance_after: Includes 499,999 restricted units granted under the Ares Management Corporation Second Amended and Restated 2014 Equity Incentive Plan. These restricted units vest in installments in accordance with the applicable restricted unit award agreement.

Read SEC document
May 18, 2020 Filed May 21, 2020 00:47 UTC
KAPLAN DAVID BDirector · Co-Founder & Co-Chair of PEG
SaleClass A Common Stock 3,300 $35.03 $115,599.00
Disclosure

SEC source: 0001628280-20-008167 · wf-form4_159002205423006.xml · nonDerivative · entry 1

KAPLAN DAVID B · CIK 0001025976 · Director · Co-Founder & Co-Chair of PEG

10b5-1 filing: Not disclosed

Ownership: Indirect · By Trently Holdings, LLC

Disclosed balance after: 1,310,293

F1 · kind: This transaction was effected pursuant to a 10b5-1 trading plan previously adopted by the reporting person or a vehicle controlled by him.

F2 · price: The price reported in Column 4 is a weighted average price. These shares were sold on May 18, 2020 in multiple transactions at prices ranging from $35.00 to $35.08. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote and footnotes 3 and 4.

Read SEC document
May 18, 2020 Filed May 21, 2020 00:48 UTC
Rosenthal BennettDirector · Co-Founder & Co-Chair of PEG
SaleClass A Common Stock 50,656 $34.68 $1,756,750.08
Disclosure

SEC source: 0001628280-20-008168 · wf-form4_159002211013880.xml · nonDerivative · entry 1

Rosenthal Bennett · CIK 0001304465 · Director · Co-Founder & Co-Chair of PEG

10b5-1 filing: Not disclosed

Ownership: Indirect · By BAR Holdings, LLC

Disclosed balance after: 750,532

F1 · kind: This transaction was effected pursuant to a 10b5-1 trading plan previously adopted by the reporting person or a vehicle controlled by him.

F2 · price: The price reported in Column 4 is a weighted average price. These shares were sold on May 18, 2020 in multiple transactions at prices ranging from $34.34 to $35.08. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote and footnotes 3, 4 and 5.

Read SEC document
May 18, 2020 Filed May 21, 2020 00:46 UTC
Arougheti Michael JDirector · Co-Founder, CEO and President
SaleClass A Common Stock 3,272 $35.03 $114,618.16
Disclosure

SEC source: 0001628280-20-008166 · wf-form4_159002197908825.xml · nonDerivative · entry 1

Arougheti Michael J · CIK 0001304471 · Director · Co-Founder, CEO and President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 669,236

F1 · kind: This transaction was effected pursuant to a 10b5-1 trading plan previously adopted by the reporting person or a vehicle controlled by him.

F2 · price: The price reported in Column 4 is a weighted average price. These shares were sold on May 18, 2020 in multiple transactions at prices ranging from $35.00 to $35.07. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote and footnotes 4 and 5.

F3 · balance_after: Includes 499,999 restricted units granted under the Ares Management Corporation Second Amended and Restated 2014 Equity Incentive Plan. These restricted units vest in installments in accordance with the applicable restricted unit award agreement.

Read SEC document
May 13, 2020 Filed May 14, 2020 00:28 UTC
Rosenthal BennettDirector · Co-Founder & Co-Chair of PEG
SaleClass A Common Stock 32,865 $34.28 $1,126,612.20
Disclosure

SEC source: 0001628280-20-007740 · wf-form4_158941610456511.xml · nonDerivative · entry 5

Rosenthal Bennett · CIK 0001304465 · Director · Co-Founder & Co-Chair of PEG

10b5-1 filing: Not disclosed

Ownership: Indirect · By BAR Holdings, LLC

Disclosed balance after: 801,188

F1 · kind: This transaction was effected pursuant to a 10b5-1 trading plan previously adopted by the reporting person or a vehicle controlled by him.

F6 · price: The price reported in Column 4 is a weighted average price. These shares were sold on May 13, 2020 in multiple transactions at prices ranging from $34.00 to $34.60.

Read SEC document
May 12, 2020 Filed May 14, 2020 00:27 UTC
KAPLAN DAVID BDirector · Co-Founder & Co-Chair of PEG
SaleClass A Common Stock 1,000 $35.00 $35,000.00
Disclosure

SEC source: 0001628280-20-007739 · wf-form4_158941603472039.xml · nonDerivative · entry 2

KAPLAN DAVID B · CIK 0001025976 · Director · Co-Founder & Co-Chair of PEG

10b5-1 filing: Not disclosed

Ownership: Indirect · By Trently Holdings, LLC

Disclosed balance after: 1,313,593

F1 · kind: This transaction was effected pursuant to a 10b5-1 trading plan previously adopted by the reporting person or a vehicle controlled by him.

F3 · price: The price reported in Column 4 is a weighted average price. These shares were sold on May 12, 2020 in multiple transactions at prices ranging from $35.00 to $35.01.

Read SEC document
May 12, 2020 Filed May 14, 2020 00:28 UTC
Rosenthal BennettDirector · Co-Founder & Co-Chair of PEG
SaleClass A Common Stock 700 $35.00 $24,500.00
Disclosure

SEC source: 0001628280-20-007740 · wf-form4_158941610456511.xml · nonDerivative · entry 4

Rosenthal Bennett · CIK 0001304465 · Director · Co-Founder & Co-Chair of PEG

10b5-1 filing: Not disclosed

Ownership: Indirect · By BAR Holdings, LLC

Disclosed balance after: 834,053

F1 · kind: This transaction was effected pursuant to a 10b5-1 trading plan previously adopted by the reporting person or a vehicle controlled by him.

F5 · price: The price reported in Column 4 is a weighted average price. These shares were sold on May 12, 2020 in multiple transactions at prices ranging from $35.00 to $35.03.

Read SEC document
May 12, 2020 Filed May 14, 2020 00:28 UTC
Rosenthal BennettDirector · Co-Founder & Co-Chair of PEG
SaleClass A Common Stock 49,787 $34.42 $1,713,668.54
Disclosure

SEC source: 0001628280-20-007740 · wf-form4_158941610456511.xml · nonDerivative · entry 3

Rosenthal Bennett · CIK 0001304465 · Director · Co-Founder & Co-Chair of PEG

10b5-1 filing: Not disclosed

Ownership: Indirect · By BAR Holdings, LLC

Disclosed balance after: 834,753

F1 · kind: This transaction was effected pursuant to a 10b5-1 trading plan previously adopted by the reporting person or a vehicle controlled by him.

F4 · price: The price reported in Column 4 is a weighted average price. These shares were sold on May 12, 2020 in multiple transactions at prices ranging from $34.00 to $34.99.

Read SEC document
May 12, 2020 Filed May 14, 2020 00:25 UTC
Arougheti Michael JDirector · Co-Founder, CEO and President
SaleClass A Common Stock 1,000 $35.01 $35,010.00
Disclosure

SEC source: 0001628280-20-007738 · wf-form4_158941593267109.xml · nonDerivative · entry 2

Arougheti Michael J · CIK 0001304471 · Director · Co-Founder, CEO and President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 672,508

F1 · kind: This transaction was effected pursuant to a 10b5-1 trading plan previously adopted by the reporting person or a vehicle controlled by him.

F4 · price: The price reported in Column 4 is a weighted average price. These shares were sold on May 12, 2020 in multiple transactions at prices ranging from $35.00 to $35.04.

F3 · balance_after: Includes 499,999 restricted units granted under the Ares Management Corporation Second Amended and Restated 2014 Equity Incentive Plan. These restricted units vest in installments in accordance with the applicable restricted unit award agreement.

Read SEC document
May 11, 2020 Filed May 14, 2020 00:27 UTC
KAPLAN DAVID BDirector · Co-Founder & Co-Chair of PEG
SaleClass A Common Stock 2,396 $35.01 $83,883.96
Disclosure

SEC source: 0001628280-20-007739 · wf-form4_158941603472039.xml · nonDerivative · entry 1

KAPLAN DAVID B · CIK 0001025976 · Director · Co-Founder & Co-Chair of PEG

10b5-1 filing: Not disclosed

Ownership: Indirect · By Trently Holdings, LLC

Disclosed balance after: 1,314,593

F1 · kind: This transaction was effected pursuant to a 10b5-1 trading plan previously adopted by the reporting person or a vehicle controlled by him.

F2 · price: The price reported in Column 4 is a weighted average price. These shares were sold on May 11, 2020 in multiple transactions at prices ranging from $35.00 to $35.04. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote and footnote 3.

Read SEC document
May 11, 2020 Filed May 14, 2020 00:28 UTC
Rosenthal BennettDirector · Co-Founder & Co-Chair of PEG
SaleClass A Common Stock 300 $35.02 $10,506.00
Disclosure

SEC source: 0001628280-20-007740 · wf-form4_158941610456511.xml · nonDerivative · entry 2

Rosenthal Bennett · CIK 0001304465 · Director · Co-Founder & Co-Chair of PEG

10b5-1 filing: Not disclosed

Ownership: Indirect · By BAR Holdings, LLC

Disclosed balance after: 884,540

F1 · kind: This transaction was effected pursuant to a 10b5-1 trading plan previously adopted by the reporting person or a vehicle controlled by him.

F3 · price: The price reported in Column 4 is a weighted average price. These shares were sold on May 11, 2020 in multiple transactions at prices ranging from $35.02 to $35.03.

Read SEC document
May 11, 2020 Filed May 14, 2020 00:28 UTC
Rosenthal BennettDirector · Co-Founder & Co-Chair of PEG
SaleClass A Common Stock 66,744 $34.67 $2,314,014.48
Disclosure

SEC source: 0001628280-20-007740 · wf-form4_158941610456511.xml · nonDerivative · entry 1

Rosenthal Bennett · CIK 0001304465 · Director · Co-Founder & Co-Chair of PEG

10b5-1 filing: Not disclosed

Ownership: Indirect · By BAR Holdings, LLC

Disclosed balance after: 884,840

F1 · kind: This transaction was effected pursuant to a 10b5-1 trading plan previously adopted by the reporting person or a vehicle controlled by him.

F2 · price: The price reported in Column 4 is a weighted average price. These shares were sold on May 11, 2020 in multiple transactions at prices ranging from $34.02 to $35.01. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote and footnotes 3, 4, 5 and 6.

Read SEC document
May 11, 2020 Filed May 14, 2020 00:25 UTC
Arougheti Michael JDirector · Co-Founder, CEO and President
SaleClass A Common Stock 2,500 $35.00 $87,500.00
Disclosure

SEC source: 0001628280-20-007738 · wf-form4_158941593267109.xml · nonDerivative · entry 1

Arougheti Michael J · CIK 0001304471 · Director · Co-Founder, CEO and President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 673,508

F1 · kind: This transaction was effected pursuant to a 10b5-1 trading plan previously adopted by the reporting person or a vehicle controlled by him.

F2 · price: The price reported in Column 4 is a weighted average price. These shares were sold on May 11, 2020 in multiple transactions at prices ranging from $35.00 to $35.02. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote and footnote 4.

F3 · balance_after: Includes 499,999 restricted units granted under the Ares Management Corporation Second Amended and Restated 2014 Equity Incentive Plan. These restricted units vest in installments in accordance with the applicable restricted unit award agreement.

Read SEC document
May 08, 2020 Filed May 9, 2020 00:24 UTC
KAPLAN DAVID BDirector · Co-Founder & Co-Chair of PEG
SaleClass A Common Stock 12,959 $35.09 $454,731.31
Disclosure

SEC source: 0001628280-20-007268 · wf-form4_158898385821354.xml · nonDerivative · entry 3

KAPLAN DAVID B · CIK 0001025976 · Director · Co-Founder & Co-Chair of PEG

10b5-1 filing: Not disclosed

Ownership: Indirect · By Trently Holdings, LLC

Disclosed balance after: 1,316,989

F1 · kind: This transaction was effected pursuant to a 10b5-1 trading plan previously adopted by the reporting person or a vehicle controlled by him.

F4 · price: The price reported in Column 4 is a weighted average price. These shares were sold on May 8, 2020 in multiple transactions at prices ranging from $35.00 to $35.33.

Read SEC document
May 08, 2020 Filed May 9, 2020 00:27 UTC
McFerran Michael REVP, COO & CFO
SaleClass A Common Stock 11,996 $34.79 $417,340.84
Disclosure

SEC source: 0001628280-20-007270 · wf-form4_158898403484272.xml · nonDerivative · entry 5

McFerran Michael R · CIK 0001464431 · EVP, COO & CFO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 712,228

F4 · price: The price reported in Column 4 is a weighted average price. These shares were sold on May 8, 2020 in multiple transactions at prices ranging from $34.51 to $35.18.

F1 · balance_after: Includes 683,552 restricted units granted under Ares Management Corporation Second Amended and Restated 2014 Equity Incentive Plan. Each restricted unit represents the right to receive one share of Class A Common Stock upon vesting. The restricted units vest in installments in accordance with the applicable restricted unit award agreement.

Read SEC document
May 08, 2020 Filed May 9, 2020 00:25 UTC
Rosenthal BennettDirector · Co-Founder & Co-Chair of PEG
SaleClass A Common Stock 400 $35.30 $14,120.00
Disclosure

SEC source: 0001628280-20-007269 · wf-form4_158898393541271.xml · nonDerivative · entry 6

Rosenthal Bennett · CIK 0001304465 · Director · Co-Founder & Co-Chair of PEG

10b5-1 filing: Not disclosed

Ownership: Indirect · By BAR Holdings, LLC

Disclosed balance after: 951,584

F1 · kind: This transaction was effected pursuant to a 10b5-1 trading plan previously adopted by the reporting person or a vehicle controlled by him.

F7 · price: The price reported in Column 4 is a weighted average price. These shares were sold on May 8, 2020 in multiple transactions at prices ranging from $35.28 to $35.33.

Read SEC document
May 08, 2020 Filed May 9, 2020 00:25 UTC
Rosenthal BennettDirector · Co-Founder & Co-Chair of PEG
SaleClass A Common Stock 72,386 $34.70 $2,511,794.20
Disclosure

SEC source: 0001628280-20-007269 · wf-form4_158898393541271.xml · nonDerivative · entry 5

Rosenthal Bennett · CIK 0001304465 · Director · Co-Founder & Co-Chair of PEG

10b5-1 filing: Not disclosed

Ownership: Indirect · By BAR Holdings, LLC

Disclosed balance after: 951,984

F1 · kind: This transaction was effected pursuant to a 10b5-1 trading plan previously adopted by the reporting person or a vehicle controlled by him.

F6 · price: The price reported in Column 4 is a weighted average price. These shares were sold on May 8, 2020 in multiple transactions at prices ranging from $34.28 to $35.27.

Read SEC document
May 08, 2020 Filed May 9, 2020 00:23 UTC
Arougheti Michael JDirector · Co-Founder, CEO and President
SaleClass A Common Stock 12,836 $35.09 $450,415.24
Disclosure

SEC source: 0001628280-20-007267 · wf-form4_158898379281914.xml · nonDerivative · entry 3

Arougheti Michael J · CIK 0001304471 · Director · Co-Founder, CEO and President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 676,008

F1 · kind: This transaction was effected pursuant to a 10b5-1 trading plan previously adopted by the reporting person or a vehicle controlled by him.

F5 · price: The price reported in Column 4 is a weighted average price. These shares were sold on May 8, 2020 in multiple transactions at prices ranging from $35.00 to $35.33.

F3 · balance_after: Includes 499,999 restricted units granted under the Ares Management Corporation Second Amended and Restated 2014 Equity Incentive Plan. These restricted units vest in installments in accordance with the applicable restricted unit award agreement.

Read SEC document
May 07, 2020 Filed May 9, 2020 00:24 UTC
KAPLAN DAVID BDirector · Co-Founder & Co-Chair of PEG
SaleClass A Common Stock 33,353 $35.14 $1,172,024.42
Disclosure

SEC source: 0001628280-20-007268 · wf-form4_158898385821354.xml · nonDerivative · entry 2

KAPLAN DAVID B · CIK 0001025976 · Director · Co-Founder & Co-Chair of PEG

10b5-1 filing: Not disclosed

Ownership: Indirect · By Trently Holdings, LLC

Disclosed balance after: 1,329,948

F1 · kind: This transaction was effected pursuant to a 10b5-1 trading plan previously adopted by the reporting person or a vehicle controlled by him.

F3 · price: The price reported in Column 4 is a weighted average price. These shares were sold on May 7, 2020 in multiple transactions at prices ranging from $35.00 to $35.61.

Read SEC document
May 07, 2020 Filed May 9, 2020 00:27 UTC
McFerran Michael REVP, COO & CFO
Exercise / conversionOptions (Right to Buy) · Derivative 50,000 $19.00 Strike: $19.00 $950,000.00
Disclosure

SEC source: 0001628280-20-007270 · wf-form4_158898403484272.xml · derivative · entry 6

McFerran Michael R · CIK 0001464431 · EVP, COO & CFO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 204,453

Underlying: Class A Common Stock · 50,000 shares

Expires 2025-03-23

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F5 · derivative.exercise_date: The options are fully vested as of March 23, 2020.

Read SEC document
May 07, 2020 Filed May 9, 2020 00:27 UTC
McFerran Michael REVP, COO & CFO
SaleClass A Common Stock 30,000 $34.22 $1,026,600.00
Disclosure

SEC source: 0001628280-20-007270 · wf-form4_158898403484272.xml · nonDerivative · entry 4

McFerran Michael R · CIK 0001464431 · EVP, COO & CFO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 724,224

F3 · price: The price reported in Column 4 is a weighted average price. These shares were sold on May 7, 2020 in multiple transactions at prices ranging from $34.00 to $34.64.

F1 · balance_after: Includes 683,552 restricted units granted under Ares Management Corporation Second Amended and Restated 2014 Equity Incentive Plan. Each restricted unit represents the right to receive one share of Class A Common Stock upon vesting. The restricted units vest in installments in accordance with the applicable restricted unit award agreement.

Read SEC document
May 07, 2020 Filed May 9, 2020 00:27 UTC
McFerran Michael REVP, COO & CFO
SaleClass A Common Stock 17,500 $34.98 $612,150.00
Disclosure

SEC source: 0001628280-20-007270 · wf-form4_158898403484272.xml · nonDerivative · entry 3

McFerran Michael R · CIK 0001464431 · EVP, COO & CFO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 754,224

F2 · price: The price reported in Column 4 is a weighted average price. These shares were sold on May 7, 2020 in multiple transactions at prices ranging from $34.97 to $35.00. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote and footnotes 3 and 4.

F1 · balance_after: Includes 683,552 restricted units granted under Ares Management Corporation Second Amended and Restated 2014 Equity Incentive Plan. Each restricted unit represents the right to receive one share of Class A Common Stock upon vesting. The restricted units vest in installments in accordance with the applicable restricted unit award agreement.

Read SEC document
May 07, 2020 Filed May 9, 2020 00:27 UTC
McFerran Michael REVP, COO & CFO
Tax withholdingClass A Common Stock 38,004 $35.01 $1,330,520.04
Disclosure

SEC source: 0001628280-20-007270 · wf-form4_158898403484272.xml · nonDerivative · entry 2

McFerran Michael R · CIK 0001464431 · EVP, COO & CFO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 771,724

F1 · balance_after: Includes 683,552 restricted units granted under Ares Management Corporation Second Amended and Restated 2014 Equity Incentive Plan. Each restricted unit represents the right to receive one share of Class A Common Stock upon vesting. The restricted units vest in installments in accordance with the applicable restricted unit award agreement.

Read SEC document
May 07, 2020 Filed May 9, 2020 00:27 UTC
McFerran Michael REVP, COO & CFO
Exercise / conversionClass A Common Stock 50,000 $19.00 $950,000.00
Disclosure

SEC source: 0001628280-20-007270 · wf-form4_158898403484272.xml · nonDerivative · entry 1

McFerran Michael R · CIK 0001464431 · EVP, COO & CFO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 809,728

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · balance_after: Includes 683,552 restricted units granted under Ares Management Corporation Second Amended and Restated 2014 Equity Incentive Plan. Each restricted unit represents the right to receive one share of Class A Common Stock upon vesting. The restricted units vest in installments in accordance with the applicable restricted unit award agreement.

Read SEC document
May 07, 2020 Filed May 9, 2020 00:25 UTC
Rosenthal BennettDirector · Co-Founder & Co-Chair of PEG
SaleClass A Common Stock 29,080 $35.17 $1,022,743.60
Disclosure

SEC source: 0001628280-20-007269 · wf-form4_158898393541271.xml · nonDerivative · entry 4

Rosenthal Bennett · CIK 0001304465 · Director · Co-Founder & Co-Chair of PEG

10b5-1 filing: Not disclosed

Ownership: Indirect · By BAR Holdings, LLC

Disclosed balance after: 1,024,370

F1 · kind: This transaction was effected pursuant to a 10b5-1 trading plan previously adopted by the reporting person or a vehicle controlled by him.

F5 · price: The price reported in Column 4 is a weighted average price. These shares were sold on May 7, 2020 in multiple transactions at prices ranging from $35.00 to $35.61.

Read SEC document
May 07, 2020 Filed May 9, 2020 00:25 UTC
Rosenthal BennettDirector · Co-Founder & Co-Chair of PEG
SaleClass A Common Stock 243,728 $34.66 $8,447,612.48
Disclosure

SEC source: 0001628280-20-007269 · wf-form4_158898393541271.xml · nonDerivative · entry 3

Rosenthal Bennett · CIK 0001304465 · Director · Co-Founder & Co-Chair of PEG

10b5-1 filing: Not disclosed

Ownership: Indirect · By BAR Holdings, LLC

Disclosed balance after: 1,053,450

F1 · kind: This transaction was effected pursuant to a 10b5-1 trading plan previously adopted by the reporting person or a vehicle controlled by him.

F4 · price: The price reported in Column 4 is a weighted average price. These shares were sold on May 7, 2020 in multiple transactions at prices ranging from $34.00 to $34.99.

Read SEC document
May 07, 2020 Filed May 9, 2020 00:23 UTC
Arougheti Michael JDirector · Co-Founder, CEO and President
SaleClass A Common Stock 33,135 $35.15 $1,164,695.25
Disclosure

SEC source: 0001628280-20-007267 · wf-form4_158898379281914.xml · nonDerivative · entry 2

Arougheti Michael J · CIK 0001304471 · Director · Co-Founder, CEO and President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 688,844

F1 · kind: This transaction was effected pursuant to a 10b5-1 trading plan previously adopted by the reporting person or a vehicle controlled by him.

F4 · price: The price reported in Column 4 is a weighted average price. These shares were sold on May 7, 2020 in multiple transactions at prices ranging from $35.00 to $35.61.

F3 · balance_after: Includes 499,999 restricted units granted under the Ares Management Corporation Second Amended and Restated 2014 Equity Incentive Plan. These restricted units vest in installments in accordance with the applicable restricted unit award agreement.

Read SEC document
May 07, 2020 Filed Jan 23, 2021 02:42 UTC Exercise / conversionOptions (Right to Buy) · Derivative 50,000 $18.35 Strike: $18.35 $917,500.00
Disclosure

SEC source: 0001628280-21-000740 · wf-form4_161136974097071.xml · derivative · entry 9

McFerran Michael R · CIK 0001464431 · COO & CFO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 204,453

Underlying: Class A Common Stock · 50,000 shares

Expires 2025-03-23

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F10 · derivative.exercise_price: The price in column 2 and column 8 reported in this Form 4 corrects a scriveners' error in previously reported Forms 4 (filed on May 8, 2020, August 31, 2020 and September 3, 2020).

F10 · price: The price in column 2 and column 8 reported in this Form 4 corrects a scriveners' error in previously reported Forms 4 (filed on May 8, 2020, August 31, 2020 and September 3, 2020).

F11 · derivative.exercise_date: The options are fully vested as of March 23, 2020.

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May 07, 2020 Filed Jan 23, 2021 02:42 UTC Exercise / conversionClass A Common Stock 50,000 $18.35 $917,500.00
Disclosure

SEC source: 0001628280-21-000740 · wf-form4_161136974097071.xml · nonDerivative · entry 4

McFerran Michael R · CIK 0001464431 · COO & CFO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 809,728

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F7 · price: The price in column 4 reported in this Form 4 corrects a scriveners' error in previously reported Forms 4 (filed on May 8, 2020, August 31, 2020 and September 3, 2020).

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May 06, 2020 Filed May 9, 2020 00:24 UTC
KAPLAN DAVID BDirector · Co-Founder & Co-Chair of PEG
SaleClass A Common Stock 64,285 $35.10 $2,256,403.50
Disclosure

SEC source: 0001628280-20-007268 · wf-form4_158898385821354.xml · nonDerivative · entry 1

KAPLAN DAVID B · CIK 0001025976 · Director · Co-Founder & Co-Chair of PEG

10b5-1 filing: Not disclosed

Ownership: Indirect · By Trently Holdings, LLC

Disclosed balance after: 1,363,301

F1 · kind: This transaction was effected pursuant to a 10b5-1 trading plan previously adopted by the reporting person or a vehicle controlled by him.

F2 · price: The price reported in Column 4 is a weighted average price. These shares were sold on May 6, 2020 in multiple transactions at prices ranging from $35.00 to $35.43. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote and footnotes 3 and 4.

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May 06, 2020 Filed May 9, 2020 00:25 UTC
Rosenthal BennettDirector · Co-Founder & Co-Chair of PEG
SaleClass A Common Stock 44,326 $35.14 $1,557,615.64
Disclosure

SEC source: 0001628280-20-007269 · wf-form4_158898393541271.xml · nonDerivative · entry 2

Rosenthal Bennett · CIK 0001304465 · Director · Co-Founder & Co-Chair of PEG

10b5-1 filing: Not disclosed

Ownership: Indirect · By BAR Holdings, LLC

Disclosed balance after: 1,297,178

F1 · kind: This transaction was effected pursuant to a 10b5-1 trading plan previously adopted by the reporting person or a vehicle controlled by him.

F3 · price: The price reported in Column 4 is a weighted average price. These shares were sold on May 6, 2020 in multiple transactions at prices ranging from $35.01 to $35.50.

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May 06, 2020 Filed May 9, 2020 00:25 UTC
Rosenthal BennettDirector · Co-Founder & Co-Chair of PEG
SaleClass A Common Stock 64,558 $34.74 $2,242,744.92
Disclosure

SEC source: 0001628280-20-007269 · wf-form4_158898393541271.xml · nonDerivative · entry 1

Rosenthal Bennett · CIK 0001304465 · Director · Co-Founder & Co-Chair of PEG

10b5-1 filing: Not disclosed

Ownership: Indirect · By BAR Holdings, LLC

Disclosed balance after: 1,341,504

F1 · kind: This transaction was effected pursuant to a 10b5-1 trading plan previously adopted by the reporting person or a vehicle controlled by him.

F2 · price: The price reported in Column 4 is a weighted average price. These shares were sold on May 6, 2020 in multiple transactions at prices ranging from $34.01 to $35.00. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote and footnotes 3, 4, 5, 6 and 7.

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May 06, 2020 Filed May 9, 2020 00:23 UTC
Arougheti Michael JDirector · Co-Founder, CEO and President
SaleClass A Common Stock 59,593 $35.11 $2,092,310.23
Disclosure

SEC source: 0001628280-20-007267 · wf-form4_158898379281914.xml · nonDerivative · entry 1

Arougheti Michael J · CIK 0001304471 · Director · Co-Founder, CEO and President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 721,979

F1 · kind: This transaction was effected pursuant to a 10b5-1 trading plan previously adopted by the reporting person or a vehicle controlled by him.

F2 · price: The price reported in Column 4 is a weighted average price. These shares were sold on May 6, 2020 in multiple transactions at prices ranging from $35.00 to $35.43. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote and footnotes 4 and 5.

F3 · balance_after: Includes 499,999 restricted units granted under the Ares Management Corporation Second Amended and Restated 2014 Equity Incentive Plan. These restricted units vest in installments in accordance with the applicable restricted unit award agreement.

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May 04, 2020 Filed May 6, 2020 00:00 UTC
deVeer R. KippDirector · Head of Credit Group
SaleClass A Common Stock 8,274 $31.81 $263,195.94
Disclosure

SEC source: 0001628280-20-006511 · wf-form4_158872320159144.xml · nonDerivative · entry 3

deVeer R. Kipp · CIK 0001576312 · Director · Head of Credit Group

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 952,749

F2 · kind: This transaction was effected pursuant to a 10b5-1 trading plan previously adopted by the reporting person or a vehicle controlled by him.

F3 · price: The price reported in Column 4 is a weighted average price. These shares were sold on May 4, 2020 in multiple transactions at prices ranging from $31.63 to $32.04. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F1 · balance_after: Includes 676,672 restricted units granted under the Ares Management Corporation Second Amended and Restated 2014 Equity Incentive Plan. Each restricted unit represents the right to receive one share of Class A Common Stock upon vesting. The restricted units vest in installments in accordance with the applicable restricted unit award agreement. Also includes 74,866 shares of Class A Common Stock previously held by Ares Owners Holdings L.P. ("AOH") on behalf of the reporting person or a vehicle controlled by him, which were transferred to a vehicle controlled by him.

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May 01, 2020 Filed May 6, 2020 00:00 UTC
deVeer R. KippDirector · Head of Credit Group
Exercise / conversionOptions (Right to Buy) · Derivative 42,272 $19.00 Strike: $19.00 $803,168.00
Disclosure

SEC source: 0001628280-20-006511 · wf-form4_158872320159144.xml · derivative · entry 4

deVeer R. Kipp · CIK 0001576312 · Director · Head of Credit Group

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 126,820

Underlying: Class A Common Stock · 42,272 shares

Expires 2024-04-30

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F2 · kind: This transaction was effected pursuant to a 10b5-1 trading plan previously adopted by the reporting person or a vehicle controlled by him.

F4 · derivative.exercise_date: The options are fully vested as of May 1, 2019.

Read SEC document
May 01, 2020 Filed May 6, 2020 00:00 UTC
deVeer R. KippDirector · Head of Credit Group
Tax withholdingClass A Common Stock 33,998 $32.67 $1,110,714.66
Disclosure

SEC source: 0001628280-20-006511 · wf-form4_158872320159144.xml · nonDerivative · entry 2

deVeer R. Kipp · CIK 0001576312 · Director · Head of Credit Group

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 961,023

F1 · balance_after: Includes 676,672 restricted units granted under the Ares Management Corporation Second Amended and Restated 2014 Equity Incentive Plan. Each restricted unit represents the right to receive one share of Class A Common Stock upon vesting. The restricted units vest in installments in accordance with the applicable restricted unit award agreement. Also includes 74,866 shares of Class A Common Stock previously held by Ares Owners Holdings L.P. ("AOH") on behalf of the reporting person or a vehicle controlled by him, which were transferred to a vehicle controlled by him.

Read SEC document
May 01, 2020 Filed May 6, 2020 00:00 UTC
deVeer R. KippDirector · Head of Credit Group
Exercise / conversionClass A Common Stock 42,272 $19.00 $803,168.00
Disclosure

SEC source: 0001628280-20-006511 · wf-form4_158872320159144.xml · nonDerivative · entry 1

deVeer R. Kipp · CIK 0001576312 · Director · Head of Credit Group

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 995,021

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · balance_after: Includes 676,672 restricted units granted under the Ares Management Corporation Second Amended and Restated 2014 Equity Incentive Plan. Each restricted unit represents the right to receive one share of Class A Common Stock upon vesting. The restricted units vest in installments in accordance with the applicable restricted unit award agreement. Also includes 74,866 shares of Class A Common Stock previously held by Ares Owners Holdings L.P. ("AOH") on behalf of the reporting person or a vehicle controlled by him, which were transferred to a vehicle controlled by him.

Read SEC document
April 30, 2020 Filed May 5, 2020 00:30 UTC
Rosenthal BennettDirector · Co-Founder & Co-Chair of PEG
SaleClass A Common Stock 20,129 $34.31 $690,625.99
Disclosure

SEC source: 0001628280-20-006332 · wf-form4_158863860636837.xml · nonDerivative · entry 1

Rosenthal Bennett · CIK 0001304465 · Director · Co-Founder & Co-Chair of PEG

10b5-1 filing: Not disclosed

Ownership: Indirect · By BAR Holdings, LLC

Disclosed balance after: 1,406,062

F1 · kind: This transaction was effected pursuant to a 10b5-1 trading plan previously adopted by the reporting person or a vehicle controlled by him.

F2 · price: The price reported in Column 4 is a weighted average price. These shares were sold on April 30, 2020 in multiple transactions at prices ranging from $34.00 to $34.62. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

Read SEC document
April 29, 2020 Filed Apr 30, 2020 00:55 UTC
KAPLAN DAVID BDirector · Co-Founder & Co-Chair of PEG
SaleClass A Common Stock 83,386 $36.33 $3,029,413.38
Disclosure

SEC source: 0001628280-20-005898 · wf-form4_158820810454485.xml · nonDerivative · entry 5

KAPLAN DAVID B · CIK 0001025976 · Director · Co-Founder & Co-Chair of PEG

10b5-1 filing: Not disclosed

Ownership: Indirect · By Trently Holdings, LLC

Disclosed balance after: 1,427,586

F1 · kind: This transaction was effected pursuant to a 10b5-1 trading plan previously adopted by the reporting person or a vehicle controlled by him.

F6 · price: The price reported in Column 4 is a weighted average price. These shares were sold on April 29, 2020 in multiple transactions at prices ranging from $36.05 to $36.95.

Read SEC document
April 29, 2020 Filed Apr 30, 2020 00:55 UTC
KAPLAN DAVID BDirector · Co-Founder & Co-Chair of PEG
SaleClass A Common Stock 79,621 $35.52 $2,828,137.92
Disclosure

SEC source: 0001628280-20-005898 · wf-form4_158820810454485.xml · nonDerivative · entry 4

KAPLAN DAVID B · CIK 0001025976 · Director · Co-Founder & Co-Chair of PEG

10b5-1 filing: Not disclosed

Ownership: Indirect · By Trently Holdings, LLC

Disclosed balance after: 1,510,972

F1 · kind: This transaction was effected pursuant to a 10b5-1 trading plan previously adopted by the reporting person or a vehicle controlled by him.

F5 · price: The price reported in Column 4 is a weighted average price. These shares were sold on April 29, 2020 in multiple transactions at prices ranging from $35.05 to $36.04.

Read SEC document
April 29, 2020 Filed Apr 30, 2020 00:57 UTC
Rosenthal BennettDirector · Co-Founder & Co-Chair of PEG
SaleClass A Common Stock 84,979 $36.33 $3,087,287.07
Disclosure

SEC source: 0001628280-20-005899 · wf-form4_158820821160031.xml · nonDerivative · entry 6

Rosenthal Bennett · CIK 0001304465 · Director · Co-Founder & Co-Chair of PEG

10b5-1 filing: Not disclosed

Ownership: Indirect · By BAR Holdings, LLC

Disclosed balance after: 1,426,191

F1 · kind: This transaction was effected pursuant to a 10b5-1 trading plan previously adopted by the reporting person or a vehicle controlled by him.

F6 · price: The price reported in Column 4 is a weighted average price. These shares were sold on April 29, 2020 in multiple transactions at prices ranging from $36.04 to $36.90.

Read SEC document
April 29, 2020 Filed Apr 30, 2020 00:57 UTC
Rosenthal BennettDirector · Co-Founder & Co-Chair of PEG
SaleClass A Common Stock 77,942 $35.51 $2,767,720.42
Disclosure

SEC source: 0001628280-20-005899 · wf-form4_158820821160031.xml · nonDerivative · entry 5

Rosenthal Bennett · CIK 0001304465 · Director · Co-Founder & Co-Chair of PEG

10b5-1 filing: Not disclosed

Ownership: Indirect · By BAR Holdings, LLC

Disclosed balance after: 1,511,170

F1 · kind: This transaction was effected pursuant to a 10b5-1 trading plan previously adopted by the reporting person or a vehicle controlled by him.

F5 · price: The price reported in Column 4 is a weighted average price. These shares were sold on April 29, 2020 in multiple transactions at prices ranging from $35.04 to $36.03.

Read SEC document
April 29, 2020 Filed Apr 30, 2020 00:53 UTC
Arougheti Michael JDirector · Co-Founder, CEO and President
SaleClass A Common Stock 85,578 $36.33 $3,109,048.74
Disclosure

SEC source: 0001628280-20-005897 · wf-form4_158820800496125.xml · nonDerivative · entry 5

Arougheti Michael J · CIK 0001304471 · Director · Co-Founder, CEO and President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 781,572

F1 · kind: This transaction was effected pursuant to a 10b5-1 trading plan previously adopted by the reporting person or a vehicle controlled by him.

F7 · price: The price reported in Column 4 is a weighted average price. These shares were sold on April 29, 2020 in multiple transactions at prices ranging from $36.04 to $36.90.

F3 · balance_after: Includes 499,999 restricted units granted under the Ares Management Corporation Second Amended and Restated 2014 Equity Incentive Plan. These restricted units vest in installments in accordance with the applicable restricted unit award agreement.

Read SEC document
April 29, 2020 Filed Apr 30, 2020 00:53 UTC
Arougheti Michael JDirector · Co-Founder, CEO and President
SaleClass A Common Stock 77,457 $35.50 $2,749,723.50
Disclosure

SEC source: 0001628280-20-005897 · wf-form4_158820800496125.xml · nonDerivative · entry 4

Arougheti Michael J · CIK 0001304471 · Director · Co-Founder, CEO and President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 867,150

F1 · kind: This transaction was effected pursuant to a 10b5-1 trading plan previously adopted by the reporting person or a vehicle controlled by him.

F6 · price: The price reported in Column 4 is a weighted average price. These shares were sold on April 29, 2020 in multiple transactions at prices ranging from $35.04 to $36.03.

F3 · balance_after: Includes 499,999 restricted units granted under the Ares Management Corporation Second Amended and Restated 2014 Equity Incentive Plan. These restricted units vest in installments in accordance with the applicable restricted unit award agreement.

Read SEC document
April 28, 2020 Filed Apr 30, 2020 00:55 UTC
KAPLAN DAVID BDirector · Co-Founder & Co-Chair of PEG
SaleClass A Common Stock 1,200 $36.03 $43,236.00
Disclosure

SEC source: 0001628280-20-005898 · wf-form4_158820810454485.xml · nonDerivative · entry 3

KAPLAN DAVID B · CIK 0001025976 · Director · Co-Founder & Co-Chair of PEG

10b5-1 filing: Not disclosed

Ownership: Indirect · By Trently Holdings, LLC

Disclosed balance after: 1,590,593

F1 · kind: This transaction was effected pursuant to a 10b5-1 trading plan previously adopted by the reporting person or a vehicle controlled by him.

F4 · price: The price reported in Column 4 is a weighted average price. These shares were sold on April 28, 2020 in multiple transactions at prices ranging from $36.00 to $36.26.

Read SEC document
April 28, 2020 Filed Apr 30, 2020 00:55 UTC
KAPLAN DAVID BDirector · Co-Founder & Co-Chair of PEG
SaleClass A Common Stock 47,161 $35.31 $1,665,254.91
Disclosure

SEC source: 0001628280-20-005898 · wf-form4_158820810454485.xml · nonDerivative · entry 2

KAPLAN DAVID B · CIK 0001025976 · Director · Co-Founder & Co-Chair of PEG

10b5-1 filing: Not disclosed

Ownership: Indirect · By Trently Holdings, LLC

Disclosed balance after: 1,591,793

F1 · kind: This transaction was effected pursuant to a 10b5-1 trading plan previously adopted by the reporting person or a vehicle controlled by him.

F3 · price: The price reported in Column 4 is a weighted average price. These shares were sold on April 28, 2020 in multiple transactions at prices ranging from $35.00 to $35.98.

Read SEC document
April 28, 2020 Filed Apr 30, 2020 00:57 UTC
Rosenthal BennettDirector · Co-Founder & Co-Chair of PEG
SaleClass A Common Stock 14,274 $35.79 $510,866.46
Disclosure

SEC source: 0001628280-20-005899 · wf-form4_158820821160031.xml · nonDerivative · entry 4

Rosenthal Bennett · CIK 0001304465 · Director · Co-Founder & Co-Chair of PEG

10b5-1 filing: Not disclosed

Ownership: Indirect · By BAR Holdings, LLC

Disclosed balance after: 1,589,112

F1 · kind: This transaction was effected pursuant to a 10b5-1 trading plan previously adopted by the reporting person or a vehicle controlled by him.

F4 · price: The price reported in Column 4 is a weighted average price. These shares were sold on April 28, 2020 in multiple transactions at prices ranging from $35.65 to $36.26.

Read SEC document
April 28, 2020 Filed Apr 30, 2020 00:57 UTC
Rosenthal BennettDirector · Co-Founder & Co-Chair of PEG
SaleClass A Common Stock 50,361 $35.05 $1,765,153.05
Disclosure

SEC source: 0001628280-20-005899 · wf-form4_158820821160031.xml · nonDerivative · entry 3

Rosenthal Bennett · CIK 0001304465 · Director · Co-Founder & Co-Chair of PEG

10b5-1 filing: Not disclosed

Ownership: Indirect · By BAR Holdings, LLC

Disclosed balance after: 1,603,386

F1 · kind: This transaction was effected pursuant to a 10b5-1 trading plan previously adopted by the reporting person or a vehicle controlled by him.

F3 · price: The price reported in Column 4 is a weighted average price. These shares were sold on April 28, 2020 in multiple transactions at prices ranging from $34.65 to $35.64.

Read SEC document

Value uses the disclosed total when available, otherwise shares × reported transaction price. It is not an estimate of exercise cash cost or investment performance.