Company: CGABL
Filing Date: 2025-04-17
Form Type: DEF 14A
Source: 0001527166-25-000032
Chunk: 75

Company: Carlyle Group Inc.
Filing Date: 2025-04-17
Form: DEF 14A
Chunk 75
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 two hurdles which had already been achieved. If Mr. Schwartz’s employment is involuntarily terminated by Carlyle without Cause or by Mr. Schwartz for Good Reason, in either case, during a Change in Control Period (as defined under his employment agreement) and while any portion of the Sign-On RSU Award remains outstanding and unvested, then any such outstanding and unvested portion of the Sign-On RSU Award will immediately vest as of the date of such termination of service. Had Mr. Schwartz’s employment been involuntarily terminated by Carlyle without Cause or by Mr. Schwartz for Good Reason, in either case, during a Change in Control Period and on December 31, 2024 , the last trading day of 2024 , Mr. Schwartz would have vested in the 1,094,083 outstanding and unvested RSUs underlying the Sign-On RSU Award, having a value of $55,240,251 based on our closing market price of $50.49 per share on December 31, 2024 , the last trading day of 2024 . If there is a Change in Control involving 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, and Mr. Schwartz’s employment is terminated by Carlyle without Cause or by Mr. Schwartz for 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 any tranche of the Sign-On PSU Award for which the applicable performance conditions have been satisfied as of the date of such termination will become vested as of the date of such termination. Had there been such a Change in Control transaction and Mr. Schwartz’s employment was terminated by Carlyle without Cause or by Mr. Schwartz for Good Reason on December 31, 2024 , the last trading day of 2024 , 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 , would have vested because the performance target for the second tranche of the Sign-On PSU Award was achieved on December 11, 2024. If there is a Change in Control involving a change in the constitution of the majority of directors serving on the Board and Mr. Schwartz’s employment is terminated without Cause or by Mr. Schwartz for