Ares Management Corp (ARES) - Dilution Analysis
Visualizing historical and potential share dilution over time
Dilution Analysis
Risk Assessment Details
Summary
ARES currently has 222M outstanding shares. with minimal authorized share overhang for future dilution. The company has diluted shareholders by 15.2% over the past 2 years through share issuances.
Share Structure Timeline
Historical Data Points
| Date | Event | Outstanding | Supply |
|---|---|---|---|
| May 08, 2026 |
10-Q filing | 222.0M shares outstanding |
220M | 0 |
| Nov 06, 2025 |
10-Q filing | 216.9M shares outstanding |
220M | 0 |
| May 12, 2025 |
10-Q filing | 215.0M shares outstanding |
210M | 0 |
| Mar 03, 2025 |
8-K filing: Ares Management Corporation issued 10,464,654 shares of Class A common stock and 2,098,332 restricted stock units (RSUs) to certain service provider sellers of GCP International on March 1, 2025, in partial consideration for their equity interests in GCP International. |
200M | 0 |
| Feb 27, 2025 |
10-K filing | 204.1M shares outstanding |
200M | 0 |
| Nov 08, 2024 |
10-Q filing | 198.4M shares outstanding |
200M | 0 |
| Oct 10, 2024 |
8-K filing: Ares Management Corporation issued 30,000,000 shares of its new 6.75% Series B Mandatory Convertible Preferred Stock for $1,500,000,000 aggregate liquidation preference, pursuant to a previously announced underwritten public offering, which includes the full exercise of the underwriters' over-allotment option for 3,000,000 shares. ($1500.0M proceeds) |
200M | 0 |
| Aug 07, 2024 |
10-Q filing | 196.2M shares outstanding |
200M | 0 |
| Jul 11, 2024 |
8-K filing: Ares Management Corporation sold 397,500 shares of its Class A common stock to the Underwriters pursuant to the full exercise of their option, raising approximately $52.92 million in net proceeds. ($52.92M proceeds) |
190M | 0 |
| Jun 14, 2024 |
8-K filing: Ares Management Corporation completed an offering of 2,650,000 shares of Class A common stock on June 14, 2024, with an option for the underwriters to purchase up to an additional 397,500 shares. |
190M | 0 |
| May 09, 2024 |
10-Q filing | 191.2M shares outstanding |
190M | 0 |
| Feb 27, 2024 |
10-K filing | 189.9M shares outstanding |
190M | 0 |
| Nov 06, 2023 |
10-Q filing | 185.6M shares outstanding |
190M | 0 |
| Aug 03, 2023 |
10-Q filing | 181.4M shares outstanding |
180M | 0 |
| May 08, 2023 |
10-Q filing | 178.5M shares outstanding |
180M | 0 |
| Feb 28, 2023 |
8-K filing: Michael J Arougheti, an executive officer and director of Ares Management Corporation, entered into a Rule 10b5-1 Trading Plan to sell up to 1,430,301 shares of the Company's Class A common stock starting no sooner than May 24, 2023 and ending on May 23, 2024. |
180M | 0 |
| Feb 24, 2023 |
10-K filing | 176.0M shares outstanding |
180M | 0 |
| Nov 07, 2022 |
10-Q filing | 173.4M shares outstanding |
170M | 0 |
| Aug 05, 2022 |
10-Q filing | 172.0M shares outstanding |
170M | 0 |
| Jun 16, 2022 |
8-K filing: Certain executive officers and directors of Ares Management Corporation entered into Rule 10b5-1 Trading Plans to sell shares of the Company's Class A common stock. |
170M | 0 |
| May 12, 2022 |
8-K filing: Antony P. Ressler, an executive officer and director of Ares Management Corporation, entered into a Rule 10b5-1 Trading Plan to sell up to 1,500,000 shares of the Company's Class A common stock, with trading commencing no sooner than September 6, 2022, and ending on September 1, 2023. |
170M | 0 |
| May 09, 2022 |
10-Q filing | 171.6M shares outstanding |
170M | 0 |
| Mar 11, 2022 |
8-K filing: R. Kipp de Veer, an executive officer and director of Ares Management Corporation, entered into a Rule 10b5-1 Trading Plan to sell shares of the Company's Class A common stock, with trading potentially commencing no sooner than July 6, 2022 and expiring on February 1, 2023, involving a maximum of 281,498 shares. |
170M | 0 |
| Feb 28, 2022 |
10-K filing | 171.2M shares outstanding |
170M | 0 |
| Nov 05, 2021 |
10-Q filing | 167.6M shares outstanding |
170M | 0 |
| Sep 17, 2021 |
8-K filing: Michael J Arougheti, an executive officer and director of Ares Management Corporation, entered into a Rule 10b5-1 Trading Plan to sell up to 1,500,000 shares of the Company's Class A common stock, commencing no sooner than January 10, 2022 and ending on December 31, 2022. |
1K | 0 |
| Aug 09, 2021 |
10-Q filing | 0.0M shares outstanding |
1K | 0 |
| Jun 21, 2021 |
8-K filing: R. Kipp deVeer, an executive officer and director of Ares Management Corporation, entered into a Rule 10b5-1 Trading Plan to sell up to 300,000 shares of the Company's Class A common stock, commencing no sooner than three business days after the date that the Company reports earnings for the quarter ended September 30, 2021, and ending on November 1, 2022. |
160M | 0 |
| May 28, 2021 |
8-K filing: Ares Management Corporation issued a notice of redemption for all 12,400,000 outstanding shares of its 7.00% Series A Preferred Stock, to be redeemed on June 30, 2021, at $25.00 per share. ($310.0M proceeds) |
160M | 0 |
| May 20, 2021 |
8-K filing: Ares Management Corporation agreed that Ares Holdings L.P. will deliver up to an aggregate of approximately 3,496,353 operating group units of Buyer, in addition to cash consideration, at the closing of the Transaction, subject to certain adjustments. |
160M | 0 |
| May 06, 2021 |
10-Q filing | 162.3M shares outstanding |
160M | 0 |
| Apr 08, 2021 |
8-K filing: Ares Management Corporation completed a private placement with Sumitomo Mitsui Banking Corporation, issuing approximately $250 million of common stock, and a public offering of 10,925,000 shares of Class A common stock. ($250.0M proceeds) |
150M | 0 |
| Mar 31, 2021 |
8-K filing: Ares Management Corporation agreed that Ares Holdings, L.P., a subsidiary of Ares, will deliver up to an aggregate of 5,523,746 of operating group units of Buyer at the closing of the Transaction, representing approximately 2% of the outstanding Total Equity as of March 29, 2021. |
150M | 0 |
| Feb 25, 2021 |
10-K filing | 149.5M shares outstanding |
150M | 0 |
| Nov 06, 2020 |
10-Q filing | 143.8M shares outstanding |
140M | 0 |
| Aug 28, 2020 |
8-K filing: Certain executive officers and directors of Ares Management Corporation entered into Rule 10b5-1 Trading Plans to sell shares of the Company's Class A common stock. |
140M | 0 |
| Aug 07, 2020 |
10-Q filing | 143.2M shares outstanding |
140M | 0 |
| May 08, 2020 |
10-Q filing | 132.5M shares outstanding |
130M | 0 |
| Mar 30, 2020 |
8-K filing: Ares Management Corporation entered into a Share Purchase Agreement with Sumitomo Mitsui Banking Corporation to issue and sell 12,130,540 shares of Class A Common Stock for gross proceeds of approximately $383.8 million and also issued 115,199,620 shares of Class C Common Stock to Ares Voting LLC in exchange for benefit to the Company. ($383.8M proceeds) |
120M | 0 |
| Feb 28, 2020 |
10-K filing | 115.2M shares outstanding |
120M | 0 |
| Feb 21, 2020 |
8-K filing: Certain executive officers and directors of Ares Management Corporation entered into Rule 10b5-1 Trading Plans to sell shares of the Company's Class A common stock. |
N/A | 0 |