The estimated Net Worth of Michael K Parks is at least $1.54 Million dollars as of 9 September 2020. Mr. Parks owns over 7,500 units of Ares Capital Corp stock worth over $435,215 and over the last 21 years he sold ARCC stock worth over $1,055,993. In addition, he makes $52,500 as Independent Director at Ares Capital Corp.
Michael has made over 7 trades of the Ares Capital Corp stock since 2004, according to the Form 4 filled with the SEC. Most recently he bought 7,500 units of ARCC stock worth $106,950 on 9 September 2020.
The largest trade he's ever made was selling 22,146 units of Ares Capital Corp stock on 21 December 2012 worth over $708,893. On average, Michael trades about 1,095 units every 121 days since 2003. As of 9 September 2020 he still owns at least 21,199 units of Ares Capital Corp stock.
You can see the complete history of Mr. Parks stock trades at the bottom of the page.
Michael K. Parks serves as Independent Director of the Company. Mr. Parks has served as a director of the Company since 2019. Mr. Parks is currently the Chief Executive Officer and President, on a volunteer basis, of FlyawayHomes, a company whose mission is to help end chronic homelessness by developing a scalable model to build quality permanent supportive housing faster and cheaper. From 2015 to 2018, Mr. Parks was a Managing Director in the Private Markets group of BlackRock, Inc. From 2011 to 2013 Mr. Parks served as a Managing Director of Crescent Capital Group and prior to that he was a Managing Director of Trust Company of the West, Crescent's former parent, since 2000. Mr. Parks held various executive level positions at Aurora National Life Assurance Company from 1993 to 2000, including Chief Executive Officer, President, and Chief Investment Officer from 1996 to October 2000. From 1981 to 1992, he held various positions at Salomon Brothers Inc. Mr. Parks also served on the Board of Directors for the following companies: El Paso Electric Company (NYSE) from 1996 to 2015, including serving as Chairman of the Board from 2012 to 2015, E*Trade Financial Corp. (formerly, E*Trade Group Inc.) (NASDAQ) from 2003 to 2012, including serving as Chairman of the Audit Committee, and Aurora National Life Assurance Company from 1992 to 2003. Mr. Parks holds a B.A. in Philosophy from Haverford College.
As the Independent Director of Ares Capital Corp, the total compensation of Michael Parks at Ares Capital Corp is $52,500. There are 5 executives at Ares Capital Corp getting paid more, with Eric Siegel having the highest compensation of $294,500.
Michael Parks is 60, he's been the Independent Director of Ares Capital Corp since 2019. There are 6 older and 19 younger executives at Ares Capital Corp. The oldest executive at Ares Capital Corp is Robert Rosen, 73, who is the Director.
Michael's mailing address filed with the SEC is C/O ARES CAPITAL CORPORATION, 245 PARK AVENUE, 44TH FLOOR, NEW YORK, NY, 10167.
Over the last 20 years, insiders at Ares Capital Corp have traded over $4,504,893 worth of Ares Capital Corp stock and bought 2,611,155 units worth $39,303,102 . The most active insiders traders include Antony P Ressler, Michael J Arougheti, and Bennett Rosenthal. On average, Ares Capital Corp executives and independent directors trade stock every 39 days with the average trade being worth of $342,338. The most recent stock trade was executed by Michael Kort Schnabel on 2 May 2023, trading 15,000 units of ARCC stock currently worth $267,600.
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Ares Capital Corp executives and other stock owners filed with the SEC include: