Ares Management Corp

Ares Management Corp discloses dealings in Infrastructure & Energy Alternatives, Inc. to SEC (Form 4). Over a trading history stretching from 30 August 2019 to 29 July 2021, the count stands at 38 filings.

No open-market sale appears; the market trades are 10 purchases worth €151.2M. A purchase on the market is a deliberate choice to commit personal money, which is why it draws more attention than a grant. Outside the open market, there are 8 option exercises. In 2021 alone, the filings show 10 purchases and no sales.

The median purchase comes to €13.8M. 8 out of 8 purchases came within 30 days of a purchase by at least one other insider of the same company. Such overlaps are known as a cluster signal: distinct people reaching the same decision at about the same time.

On 5 August 2021 came the latest disclosure, an option exercise for €138k in Infrastructure & Energy Alternatives, Inc. The clock since the last published purchase (5 August 2021) now reads 1,922 days. Typically, a trade is published a median of 8 days after it takes place. For comparison, the SEC allows two business days to file a Form 4. These figures are compiled from regulatory filings published by SEC (Form 4). They describe what insiders did and are not a recommendation.