Co-Founder & Chairman Rosenthal Bennett sells entire 85,000-share ARES position for $14.3M on 2025-06-12
Rosenthal Bennett, Co-Founder and Chairman of PEG, executed 4 separate sales totaling 85,000 shares for $14,347,484.17 at blended average price $168.79, reducing his ARES holdings from 85,000 shares to 0 shares—a complete exit. The sales occurred at prices ranging from $166.69 to $170.08 near the stock's 52-week high of $198.22, and current price of $166.56 is -16.0% from the 52-week high and -5.3% over 30 days. Across his cross-ticker track record of 20 prior sells, Bennett's average 90-day return is +3.9% with a 0.00% well-timed rate, indicating his prior sales have generally been poorly timed (stock subsequently rose). At ARES specifically, 5 recent sales on 2025-05-15 lack measurable outcomes. The complete liquidation of a founder's position warrants investor attention given the magnitude, timing relative to the stock's recent peak, and the executive's elevated platform role.