Company: CGABL
Filing Date: 2025-04-17
Form Type: DEF 14A
Source: 0001527166-25-000032
Chunk: 106

Company: Carlyle Group Inc.
Filing Date: 2025-04-17
Form: DEF 14A
Chunk 106
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 Voting Options                              | Effect ofAbstentionsor Withhold Votes,as Applicable                                                      | BrokerDiscretionaryVoting Allowed? | Effect of BrokerNon-Votes |
| Item 1. Election ofDirectors Named in thisProxy Statement                                          | FOR or WITHHOLD (foreach director nominee). | No effect — will beexcluded entirely fromthe vote with respect tothe nominee from whichthey are withheld | No                                 | No effect                 |
| Item 2. Ratification ofErnst & Young LLP as ourIndependent RegisteredPublic Accounting Firmfor2025 | FOR, AGAINST,or ABSTAIN                     | No effect — not countedas a “vote cast”                                                                  | Yes                                | N/A                       |
| Item 3. Non-Binding Voteto Approve NamedExecutive OfficerCompensation(“Say-on-Pay”)                | FOR, AGAINST,or ABSTAIN                     | No effect — not countedas a “vote cast”                                                                  | No                                 | No effect                 |

| CARLYLE | Proxy Statement2025 | A-1 |

Appendix A: Reconciliations of Non-GAAP Measures DISTRIBUTABLE EARNINGS AND FEE RELATED EARNINGS Distributable Earnings, or “DE,” is a key performance benchmark used in our industry and is evaluated regularly by our chief operating decision maker (“CODM”), which is our Chief Executive Officer, in making resource deployment and compensation decisions and in assessing performance of our three reportable segments. The CODM also uses DE in budgeting, forecasting, and the overall management of our segments. We believe that reporting DE is helpful to understanding our business and that investors should review the same supplemental financial measure that the CODM uses to analyze our segment performance. DE is intended to show the amount of net realized earnings without the effects of the consolidation of the Consolidated Funds. DE is derived from our segment reported results, and is used to assess performance. Fee Related Earnings, or “FRE,” is a component of DE and is used to assess the ability of the business to cover base compensation and operating expenses from total fee revenues. The following tables reconcile the Total Segments to our Income (Loss) Before Provision for Income Taxes for the years ended December 31, 2024 and 2023 :

|                        | For the Year Ended December 31,2024 |          |                   |        |                  |          |    |                     |          |
| (in millions)          | Total ReportableSegments            |          | ConsolidatedFunds