Company: CGABL
Filing Date: 2025-04-17
Form Type: DEF 14A
Source: 0001527166-25-000032
Chunk: 78

Company: Carlyle Group Inc.
Filing Date: 2025-04-17
Form: DEF 14A
Chunk 78
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 the Stock Price Appreciation PSU Award Program in February 2024, upon the occurrence of the applicable named executive officer’s death or termination due to Disability (as defined in the Equity Incentive Plan), any PSUs for which the applicable stock price vesting condition has been satisfied but for which the applicable service condition has not been satisfied as of the date of such event will vest. In addition, if the applicable named executive officer’s employment is terminated by Carlyle without Cause, subject to such named executive officer’s execution of a release of claims in favor of Carlyle and continued compliance with any restrictive covenants to which such named executive officer is subject, any PSUs for which the applicable stock price vesting condition has been satisfied but for which the applicable service condition has not been satisfied as of the effective date of such termination will vest. Had any such termination of employment occurred on December 31, 2024 , the last business day of 2024 , because the performance target for the first tranche of each such award of PSUs had been achieved as of such time, each of Messrs. Schwartz, Redett, and Finn and Ms. LoBue would have vested in the following numbers of PSUs, having the following values based on our closing market price of $50.49 per share on December 31, 2024 : Mr. Schwartz - 243,783 PSUs with a value of $12,308,604; Mr. Redett - 167,001 PSUs with a value of $8,431,881; Ms. LoBue - 41,750 PSUs with a value of $2,107,958; and Mr. Finn - 167,001 PSUs with a value of $8,431,881. If there is a Change in Control that meets the requirements under Section 2(g)(i) of the Equity Incentive Plan (regarding the acquisition of 50% or more of the total voting power of our shares of common stock, including by way of merger, consolidation or otherwise) while any portion of the PSUs remain outstanding and unvested, the corresponding stock price hurdle associated with any unvested tranche of the PSUs will be measured as of the second to last trading day immediately preceding the date on which such Change in Control occurs and based on the value of the consideration paid for each share of our common stock in the Change in Control transaction (rather than based on the 30 consecutive trading day average closing stock price), and