Bennett Rosenthal, Co-Founder and Chairman of the Private Equity Group at Ares Management Corp (NYSE:), has sold a significant amount of company stock, totaling over $19 million. The transactions, which took place on June 21, 2024, were executed at varying prices ranging from $131.42 to $134.21 per share.
The series of sales involved multiple blocks of Class A Common Stock, with the largest single transaction including 82,625 shares sold at an average price of $131.83. Another notable transaction on the same day saw 41,943 shares changing hands at an average price of $131.42. Additional sales consisted of 24,740 shares at an average price of $133.11 and a smaller block of 692 shares sold for an average of $134.21 each.
Following these transactions, Rosenthal’s direct holdings in Ares Management Corp have been significantly reduced. The sales were conducted in accordance with a…
