Company: CGABL
Filing Date: 2025-04-17
Form Type: DEF 14A
Source: 0001527166-25-000032
Chunk: 35

Company: Carlyle Group Inc.
Filing Date: 2025-04-17
Form: DEF 14A
Chunk 35
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 other stakeholders.

| 34 | CARLYLE | Proxy Statement2025 |

| Compensation Matters |

Shareholder Engagement on Executive Compensation The Compensation Committee views shareholder feedback as an important input for its decisions on executive compensation. Our shareholder engagement program is an active, year-round process enabling open dialogue with our shareholders on various topics. In 2024, we reached out to shareholders representing over 60 percent of our outstanding shares with invitations to meet with our management and/or directors, including our then-serving Lead Independent Director and Chair of the Compensation Committee. Meetings were held with shareholders representing over 51 percent of our outstanding shares, during which they provided valuable feedback that has meaningfully informed our decision-making.

| 2024Engagement Overview•Year-round, proactive engagement•60% of shares outstanding contacted•51% of shares outstanding engaged•63% of meetings with Board participation |

Please note that the above percentages exclude shares that were beneficially held by Carlyle Group Management L.L.C. At our 2024 Annual Meeting of Shareholders, 81% of votes were cast in favor of the say-on-pay resolution , which was a substantial increase from the 68% of votes cast in favor of the say-on-pay resolution at our 2023 Annual Meeting of Shareholders. We believe this increase is a reflection of our responsiveness to the feedback we received from our shareholders as to the elements of compensation and compensation philosophy that are the most important to them, which have been incorporated into our decision-making process, as well as our ongoing shareholder engagement efforts. Our Response to Shareholder Feedback Given the breadth of our engagement, discussions covered a wide range of topics with priorities varying by shareholder. As it pertained to executive compensation, the majority of shareholders expressed support for our overall compensation program and believed that the Compensation Committee-designed programs reflected a robust assessment of performance. Many shareholders also supported and acknowledged the need to tailor equity awards to appropriately reward, retain, and incentivize key leaders. Our shareholders were particularly supportive of the structure of the PSUs granted under the Stock Price Appreciation PSU Award Program in 2024 and the Sign-On PSU Award granted to Mr. Schwartz in 2023, which incentivize the achievement of rigorous stock price targets. OUR YEAR-ROUND SHAREHOLDER ENGAGEMENT PROGRAM

| Spring•Publish our ProxyStatement and AnnualReport•Engage withshareholders on ProxyStatement voting items•Hold Annual Meetingof Shareholders |     | Summer•Discuss AnnualMeeting voting resultsand shareholderfeedback with Board todetermine appropriatenext steps, if any•Conduct Board