Asset Management
Ares Management Executive Compensation (FY25)
ARES · Los Angeles, CA · Executive and director compensation, fiscal 2022 to 2025
Chief executive, fiscal 2025 ◇ Michael Arougheti | Median of the other named officers $11,811,608 5 officers, excluding the chief executive | Latest say-on-pay support = June 6, 2025 | Chief executive pay ratio ◇ To the median employee |
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Data as of October 22, 2026Latest filing (DEF 14A): April 21, 2026
7 filings cited on this page
Method: intel.velarion.ai/methodology
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154 figures on this page: 151 cited to the filing that reported them, 3 calculated from figures it prints. See the citations
Michael Arougheti was paid $68,279,532 in total compensation as Director, Co-Founder and Chief Executive Officer for fiscal 2025, and Arougheti's total was 20.0% lower than the $85,381,842 reported for fiscal 2024. The company reported a chief executive pay ratio of 346:1 for fiscal 2025, against median employee compensation of $197,440. Shareholders recorded 92.2% support for the say-on-pay proposal at the meeting held June 6, 2025 for fiscal 2024. The fiscal 2025 disclosure covers 6 named executive officers.
More on Ares Management
Five data products on this company. Each one is requested through the developer setup page.
- Peer Disclosure Audit$5The comparison companies this board named, each one tied to the filing that lists it.How to get Peer Disclosure Audit
- Governance Provisions PullfreeThe governance provisions as the proxy states them: board leadership, committee membership, and shareholder rights.How to get Governance Provisions Pull
- Say-on-Pay Risk Signal$9A risk band for the next say-on-pay vote, with the support history and the peer comparison behind it.How to get Say-on-Pay Risk Signal
- NEO Comp Report$24Every named executive officer’s pay by element and year, with the citation behind each figure.How to get NEO Comp Report
- Board Comp Report$24What each non-employee director was paid, the standing fee schedule, and the equity each one holds at year end.How to get Board Comp Report
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Michael Arougheti: $85,381,842 → $68,279,532 (20.0% lower)
CEO pay ratio: 356:1 → 346:1 (2.8% lower)
Frequently asked questions
Answers drawn from the data on this page.
Who is Ares Management's chief executive and what were they paid?
Michael Arougheti was paid $68,279,532 in total compensation as Director, Co-Founder and Chief Executive Officer for fiscal 2025. Arougheti's total was 20.0% lower than the $85,381,842 reported for fiscal 2024.
What was Ares Management's say-on-pay result?
Shareholders recorded 92.2% support for the say-on-pay proposal at the meeting held June 6, 2025 for fiscal 2024.
What is Ares Management's chief executive pay ratio?
The company reported a chief executive pay ratio of 346:1 for fiscal 2025, against median employee compensation of $197,440.
Executive compensation
Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Michael Arougheti Co-Founder, Chief Executive Officer and President | — | — | ◇ | — | — | — | ◇ | ◇ |
Bennett Rosenthal Co-Founder and Chairman of Private Equity Group | — | — | — | — | — | — | ◇ | ◇ |
David B. Kaplan Co-Founder | — | — | — | — | — | — | ◇ | ◇ |
Jarrod Phillips Chief Financial Officer | ◇ | ◇ | ◇ | — | — | — | ◇ | ◇ |
Fiscal 2023
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
R. Kipp deVeer Director and Co-President | — | — | ◇ | — | — | — | ◇ | ◇ |
Michael Arougheti Director, Co-Founder, Chief Executive Officer and President | — | — | ◇ | — | — | — | ◇ | ◇ |
Jarrod Phillips Chief Financial Officer | ◇ | ◇ | ◇ | — | — | — | ◇ | ◇ |
Fiscal 2024
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
R. Kipp deVeer Co-President | — | — | ◇ | — | — | — | ◇ | ◇ |
Michael Arougheti Chief Executive Officer | — | — | ◇ | — | — | — | ◇ | ◇ |
Jarrod Phillips Chief Financial Officer | ◇ | ◇ | ◇ | — | — | — | ◇ | ◇ |
Ryan Berry Chief Marketing and Strategy Officer | ◇ | — | ◇ | — | — | — | ◇ | ◇ |
Bennett Rosenthal Chairman of Private Equity Group | — | — | — | — | — | — | ◇ | ◇ |
Fiscal 2025
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
R. Kipp deVeer Director and Co-President | — | — | ◇ | — | — | — | ◇ | ◇ |
Michael Arougheti Director, Co-Founder and Chief Executive Officer | — | — | ◇ | — | — | — | ◇ | ◇ |
Blair Jacobson Co-President | ◇ | — | ◇ | — | — | — | ◇ | ◇ |
Ryan Berry Chief Marketing and Strategy Officer | ◇ | — | ◇ | — | — | — | ◇ | ◇ |
Jarrod Phillips Chief Financial Officer | ◇ | ◇ | ◇ | — | — | — | ◇ | ◇ |
Naseem Sagati Aghili General Counsel and Corporate Secretary | ◇ | ◇ | ◇ | — | — | — | ◇ | ◇ |
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.
Equity awards granted
Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
| Officer | Award | Grant date | Threshold units | Target units | Units granted | Maximum units | Exercise price | Grant date fair value |
|---|---|---|---|---|---|---|---|---|
| Blair Jacobson | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Jarrod Phillips | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Jarrod Phillips | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Jarrod Phillips | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Michael J Arougheti | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Naseem Sagati Aghili | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Naseem Sagati Aghili | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| R. Kipp deVeer | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Ryan Berry | RSU | ◇ | — | — | ◇ | — | — | ◇ |
Fiscal 2022, 2023, 2024 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.
Outstanding awards
Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
| Officer | Award | Unvested units | Market value of unvested units | Exercise price | Expires |
|---|---|---|---|---|---|
| Naseem Sagati Aghili | RSU | ◇ | ◇ | — | — |
| Blair Jacobson | RSU | ◇ | ◇ | — | — |
| Michael Arougheti | RSU | ◇ | ◇ | — | — |
| RSU | ◇ | ◇ | — | — | |
| Jarrod Phillips | RSU | ◇ | ◇ | — | — |
| Ryan Berry | RSU | ◇ | ◇ | — | — |
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.
Severance and change in control
The terms as written in the agreements.
Jarrod Phillips
Chief Financial Officer · Terms as described in the company’s compensation discussion · citing a 2025 filing
| Change-in-control trigger | ◇ |
| Equity acceleration on change in control | ◇ |
Michael Arougheti
Director, Co-Founder and Chief Executive Officer · Terms as described in the company’s compensation discussion · citing a 2025 filing
| Non-compete period | ◇ |
| Non-solicit period | ◇ |
R. Kipp deVeer
Director and Co-President · Terms as described in the company’s compensation discussion · citing a 2025 filing
| Non-compete period | ◇ |
| Non-solicit period | ◇ |
Director compensation
What each non-employee director was paid.
Fiscal 2025
| Director | Fees earned in cash | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|
Michael Lynton | ◇ | ◇ | — | — | — | ◇ | ◇ |
Antoinette Bush | ◇ | ◇ | — | — | — | ◇ | ◇ |
Dr. Judy D. Olian | ◇ | ◇ | — | — | — | ◇ | ◇ |
Paul G. Joubert | ◇ | ◇ | — | — | — | ◇ | ◇ |
Eileen Naughton | ◇ | ◇ | — | — | — | ◇ | ◇ |
Ashish Bhutani | ◇ | ◇ | — | — | — | ◇ | ◇ |
Michael J Arougheti, R. Kipp deVeer, David B. Kaplan, Antony P. Ressler and Bennett Rosenthal served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.
Director fee schedule
The standing retainers and premiums the board pays, as published.
| Board cash retainer | ◇ |
| Board equity retainer | ◇ |
| Audit committee chair | ◇ |
| Audit committee member | ◇ |
| Compensation committee member | ◇ |
| Nominating and governance member | ◇ |
Equity is delivered as restricted stock units.
Stock ownership guideline: 5x cash component of annual retainer
Disclosed peer group
The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Say-on-pay history
Shareholder support for the compensation program, by year.
| Year | Meeting | Support | Votes for | Votes against | Abstentions |
|---|---|---|---|---|---|
| 2024 | June 6, 2025 | = | ◇ | ◇ | ◇ |
| 2021 | June 9, 2022 | = | ◇ | ◇ | ◇ |
| 2018 | May 20, 2019 | = | ◇ | ◇ | ◇ |
Chief executive pay ratio
As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇
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- Michael Arougheti (Director, Co-Founder and Chief Executive Officer), FY2025 total compensation $68,279,532 (base salary $0) [exec_comp, SEC accession 0001628280-26-026286, filed 2026-04-21]What this page does not include
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Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $499Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion IntelligenceAdviser switching and vote outcomes
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Velarion IntelligenceCitations
Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
154 figures on this page: 151 cited to the filing that reported them, 3 calculated from figures it prints.
151 cited to the filing
3 calculated from the filing
Documents cited
- 0001628280-26-026286COMPENSATION OF OUR DIRECTORS · Outstanding Equity Awards at Fiscal Year-End 2025 · Pay Ratio · Summary Compensation Table for Fiscal Year 2025
- 0001628280-25-030757Proposal 3 The stockholders approved, on a non-binding, advisory basis, the compensation of the Company’s named executive officers for the Company’s 2024 fiscal year (the “say-on-pay vote”), based on
- 0001628280-25-018040Compensation Discussion and Analysis · Summary Compensation Table for Fiscal Year 2024
- 0001628280-24-016964Summary Compensation Table for Fiscal Year 2023
- 0001628280-23-014249Summary Compensation Table for Fiscal Year 2022
- 0001628280-22-016868Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001628280-19-007110Item 5.07 Submission of Matters to a Vote of Security Holders
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This page is free to cite. Attribution we ask for:
Velarion, “Ares Management executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/ARES (accessed 2026).
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The paid brief for Ares Management
Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
$1,500 for the Executive Compensation Report. Both reports for $2,400.
7 filings cited on this page
Method: intel.velarion.ai/methodology
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
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Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
author = {{Velarion Company Intelligence}},
title = {Velarion database: executive and board compensation data},
year = {2026},
version = {2026Q3},
doi = {10.5281/zenodo.22283854},
publisher = {Zenodo},
url = {https://doi.org/10.5281/zenodo.22283854}
}