Ares Management (ARES) has released an update to notify the public and investors about its officers.
Ares Management Corporation granted 1.6 million restricted units (RSUs) to key executives, including Michael J Arougheti and R. Kipp deVeer, in return for reduced incentive fee allocations in 2024. These RSUs, part of the 2023 Equity Incentive Plan, vest over four years and are contingent on continued employment, with certain rights preserved upon qualifying departures. The agreements include non-compete and non-solicit clauses. Additional RSUs may be granted in 2025 and 2026 for further reductions in incentive fees, with similar vesting conditions and lock-up restrictions on shares until 2029.
For further insights into ARES corporate activity, check out TipRanks’ Insiders Trading Activity page.
For a comprehensive understanding of the announcement, you can read the full document here.
