Company: CGABL
Filing Date: 2025-04-17
Form Type: DEF 14A
Source: 0001527166-25-000032
Chunk: 34

Company: Carlyle Group Inc.
Filing Date: 2025-04-17
Form: DEF 14A
Chunk 34
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 a qualifying termination of employment followinga change in control of Carlyle in order for any suchchange in control to trigger accelerated vesting rights |
| WHAT WE DO NOT DO:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
| No excise tax “gross-up” payments in the event of achange in controlNo tax “gross-up” payment in perquisites for namedexecutive officersNo defined benefit plan pension benefits forexecutive officersNo short sales or derivative transactions in our equity orhedging our common stock, and we generally prohibitpledging of our stock absent prior approval                                                                                                                                                                                                                                                                                                         | No dividends paid in cash on unvested equity awardsDo not count unvested PSUs or unexercisedstock options toward satisfaction of stockownership guidelinesNo repricing of underwater stock optionsNo changes to performance targets for legacyperformance-vesting awards                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |

| CARLYLE | Proxy Statement2025 | 33 |

| Compensation Matters |

CEO and Other NEOs Compensation Mix and Pay-for-Performance Incentive Strategy Our executive compensation program is driven by our pay-for-performance incentive strategy, which is reflected through our use of annual performance bonuses and long-term incentives. The charts below show the mix of compensation for 2024, as reported in the Summary Compensation Table, for our CEO, Mr. Schwartz, and for our other named executive officers (averaged as a group). This compensation mix reflects our pay-for-performance incentive strategy which, as discussed further below under “Shareholder Engagement on Executive Compensation,” we believe is favored by our shareholders and which has been further reinforced through our Stock Price Appreciation PSU Award Program.

| CEO Pay Mix                   |     | Average Other NEO Pay Mix     |
| 96.4%Variable and At-Risk Pay |     | 97.5%Variable and At-Risk Pay |

We believe our pay-for-performance incentive strategy is driving value creation for our shareholders. Over Mr. Schwartz’s tenure from his start date on February 15, 2023 through December 31, 2024, we have achieved a TSR of over 50%. The chart below shows our stock price as of the last trading day of each month over the past two calendar years, which resulted in the corresponding achievement of stock price targets for Mr. Schwartz’s Sign-On PSU Award and the PSUs granted under the Stock Price Appreciation PSU Award Program, as noted below . We believe this momentum is an indication that our awards are working as intended and creating long-term value for our shareholders and