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Ares Management Executive Compensation (FY25)

ARES · Los Angeles, CA · Executive and director compensation, fiscal 2022 to 2025
Data as of September 7, 2026Latest filing (DEF 14A): April 21, 2026
153 figures on this page: 150 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.
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
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
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Michael Arougheti
Co-Founder, Chief Executive Officer and President
——◇———◇◇
David B. Kaplan
Co-Founder
——————◇◇
Bennett Rosenthal
Co-Founder and Chairman of Private Equity Group
——————◇◇
Jarrod Phillips
Chief Financial Officer
◇◇◇———◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
R. Kipp deVeer
Director and Co-President
——◇———◇◇
Michael Arougheti
Director, Co-Founder, Chief Executive Officer and President
——◇———◇◇
Jarrod Phillips
Chief Financial Officer
◇◇◇———◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
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
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
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
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Blair JacobsonRSU◇——◇——◇
Jarrod PhillipsRSU◇——◇——◇
Jarrod PhillipsRSU◇——◇——◇
Jarrod PhillipsRSU◇——◇——◇
Michael J AroughetiPSU◇—◇———◇
Naseem Sagati AghiliRSU◇——◇——◇
Naseem Sagati AghiliRSU◇——◇——◇
R. Kipp deVeerPSU◇—◇———◇
Ryan BerryRSU◇——◇——◇
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
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Naseem Sagati AghiliRSU◇◇——
Blair JacobsonRSU◇◇——
Michael AroughetiRSU◇◇——
RSU◇◇——
Jarrod PhillipsRSU◇◇——
Ryan BerryRSU◇◇——
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.
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
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Michael Lynton
◇◇———◇◇
Antoinette Bush
◇◇———◇◇
Paul G. Joubert
◇◇———◇◇
Dr. Judy D. Olian
◇◇———◇◇
Ashish Bhutani
◇◇———◇◇
Eileen Naughton
◇◇———◇◇
R. Kipp deVeer, Antony P. Ressler, Bennett Rosenthal, David B. Kaplan and Michael J Arougheti 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◇
Total board 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.
YearMeetingSupportVotes forVotes againstAbstentions
2024June 6, 2025=◇◇◇
2021June 9, 2022=◇◇◇
2018May 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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What this page does not include

Everything above is a fact Ares Management disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
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 — $1,500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $1,200
Realizable 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 Intelligence
Adviser switching and vote outcomes
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
153 figures on this page: 150 cited to the filing that reported them, 3 calculated from figures it prints.
150 cited to the filing
3 calculated from the filing

Documents cited

  1. 0001628280-26-026286
    COMPENSATION OF OUR DIRECTORS · Grants of Plan-Based Awards · Grants of Plan-Based Awards for Fiscal Year 2025 · Outstanding Equity Awards at Fiscal Year-End 2025 · and 2 more sections
  2. 0001628280-25-030757
    Item 5.07 Submission of Matters to a Vote of Security Holders
  3. 0001628280-25-018040
    Compensation Discussion and Analysis · Summary Compensation Table for Fiscal Year 2024
  4. 0001628280-24-016964
    Summary Compensation Table for Fiscal Year 2023
  5. 0001628280-23-014249
    Summary Compensation Table for Fiscal Year 2022
  6. 0001628280-22-016868
    Item 5.07 Submission of Matters to a Vote of Security Holders
  7. 0001628280-19-007110
    Item 5.07 Submission of Matters to a Vote of Security Holders
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Velarion, “Ares Management executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/ARES (accessed 2026).
Short form: data: Velarion
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Asset Management rankings

Chief executive pay — Asset ManagementCEO pay ratio — Asset ManagementSay-on-pay support — Asset Management

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies
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}
}
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