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EQUITY AND REDEEMABLE INTEREST (Tables)
3 Months Ended
Mar. 31, 2022
Stockholders' Equity Note [Abstract]  
Schedule of Stock by Class
The following table presents the changes in each class of common stock:

Class A Common StockNon-Voting Common StockClass B Common StockClass C Common StockTotal
Balance - December 31, 2021168,351,305 3,489,911 1,000 118,609,332 290,451,548 
Exchanges of AOG Units 140,229 — — (140,229)— 
Stock option exercises, net of shares withheld for tax176,154 — — — 176,154 
Vesting of restricted stock awards, net of shares withheld for tax2,793,427 — — — 2,793,427 
Cancellation of AOG Units
— — — (4,135)(4,135)
Balance - March 31, 2022171,461,115 3,489,911 1,000 118,464,968 293,416,994 
Schedule of Ownership Interests
The following table presents each partner's AOG Units and corresponding ownership interest in each of the Ares Operating Group entities, as well as its daily average ownership of AOG Units in each of the Ares Operating Group entities:
Daily Average Ownership
As of March 31, 2022As of December 31, 2021Three months ended March 31,
AOG UnitsDirect Ownership InterestAOG UnitsDirect Ownership Interest20222021
Ares Management Corporation174,951,026 59.63 %171,841,216 59.16 %59.51 %57.06 %
Ares Owners Holdings, L.P.118,464,968 40.37 118,609,332 40.84 40.49 42.94 
Total293,415,994 100.00 %290,450,548 100.00 %
Schedule of Redeemable Interests
The following table summarizes the activities associated with the redeemable interest in Ares Operating Group entities:
Total
Balance - December 31, 2021$96,008 
Changes in ownership interests and related tax benefits231 
Distributions(8)
Net income399 
Currency translation adjustment, net of tax(331)
Equity compensation48 
Balance - March 31, 2022
$96,347 

The following table summarizes the activities associated with the redeemable interest in Consolidated Funds:
Total
Balance - December 31, 2021$1,000,000 
Change in redemption value— 
Balance - March 31, 2022
$1,000,000