Company: CGABL
Filing Date: 2025-04-17
Form Type: DEF 14A
Source: 0001527166-25-000032
Chunk: 88

Company: Carlyle Group Inc.
Filing Date: 2025-04-17
Form: DEF 14A
Chunk 88
---
,344 |
| Average of Non-PEO Named Executive Officers |                                                                                               |             |                                                                                                                                                   |             |                                                                            |    |                                                                                                                     |             |                                                                                                       |    |                               |              |
| 2024                                        |                                                                                               | $24,062,819 |                                                                                                                                                   |  $1,046,995 |                                                                            | $— |                                                                                                                     |    $385,526 |                                                                                                       | $— |                               |  $25,495,340 |

(3) The Peer Group for these purposes is the Dow Jones U.S. Asset Manager Index. (4) Our company-selected measure is Fee Related Earnings (“FRE”). FRE is described under “Management’s Discussion and Analysis of Financial Condition and Results of Operations—Key Financial Measures—Non-GAAP Financial Measures—Fee Related Earnings” in our Annual Report on Form 10-K. For a reconciliation of non-GAAP measures to the corresponding GAAP measures, please see Appendix A: Reconciliation of Non-GAAP Measures.

| CARLYLE | Proxy Statement2025 | 69 |

| Compensation Matters |

Narrative Disclosure to Pay Versus Performance The following graph shows the relationship between the “compensation actually paid” to each of Messrs. Schwartz, Conway,

Lee, and Youngkin and the average of the “compensation actually paid” to our Non-PEO NEOs (in each case, with

“compensation actually paid” calculated as set forth above in accordance with the rules prescribed under Item 402(v) of

Regulation S-K) in 2020 , 2021 , 2022 , 2023 , and 2024 and our cumulative TSR measured starting from December 31, 2019

for each covered fiscal year. This graph also shows the relationship between our TSR performance and the TSR

performance of the Peer Group in the Pay Versus Performance Table (which is the Dow Jones U.S. Asset Manager Index)

over the same period.

“Compensation Act ually Paid” vs. Company TSR and Company TSR v. Peer Group TSR

| n | Harvey M. Schwartz     |
| n | Kewsong Lee            |
| n | Glenn A. Youngkin      |
| n | William E. Conway, Jr. |
| n | Non-PEO NEOs           |
|   | Company TSR            |
|   | Peer Group TSR         |

The following graph shows the relationship between the “compensation actually paid” to each of Messrs. Schwartz, Conway,