Company: CGABL
Filing Date: 2025-04-17
Form Type: DEF 14A
Source: 0001527166-25-000032
Chunk: 76

Company: Carlyle Group Inc.
Filing Date: 2025-04-17
Form: DEF 14A
Chunk 76
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 Good Reason, in either case within two (2) years following such Change in Control and while any portion of the Sign-On PSU Award remains outstanding and unvested, then such unvested portion of the Sign-On PSU Award will be treated in the same manner as if Mr. Schwartz’s employment was terminated without Cause or by Mr. Schwartz for Good Reason outside of a Change in Control Period, except that such previously unvested portion that becomes vested in connection with such termination of employment will not be subject to proration. This treatment will also apply if Mr. Schwartz’s employment is terminated without Cause or by Mr. Schwartz for Good Reason, in either case, after the execution by Carlyle and another entity or entities of an agreement the consummation of which would result in a Change in Control and, at the time of the termination of Mr. Schwartz’s employment, such Change in Control has not occurred. Had either of these events occurred on December 31, 2024 , the last business day of 2024 , Mr. Schwartz would have vested in 1,019,040 PSUs underlying the Sign-On PSU Award, having a value of $51,451,330 based on our closing market price of $50.49 per share on December 31, 2024 , because the performance target for the second tranche of the Sign-On PSU Award was achieved on December 11, 2024, and Mr. Schwartz would have remained eligible to vest in the remaining 3,057,113 PSUs underlying the Sign-On PSU Award outstanding as of December 31, 2024 , with an aggregate value of $154,353,636 (based on our closing market price of $50.49 per share on December 31, 2024 ) if the applicable performance conditions are satisfied during the relevant performance period. If Mr. Schwartz’s employment is terminated as a result of his death or Disability while any portion of his Sign-On RSU Award remains outstanding and unvested, Mr. Schwartz will immediately vest in the next tranche of the Sign-On RSU Award that would have vested if not for such termination, and any other outstanding and unvested portion of the Sign-On RSU Award would be forfeited. If Mr. Schwartz’s employment is terminated as a result of his death or Disability while any portion of the Sign-On PSU Award remains outstanding and unvested, then Mr. Schwartz (or his estate) will immediately vest in any tranche(s) of the Sign-On PSU Award for