Company: CGABL
Filing Date: 2025-04-17
Form Type: DEF 14A
Source: 0001527166-25-000032
Chunk: 40

Company: Carlyle Group Inc.
Filing Date: 2025-04-17
Form: DEF 14A
Chunk 40
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 the full-year ended December 31, 2024, U.S. GAAP results included income before provision for income taxes of $1.4 billion and a margin on income before provision for income taxes of 25.7%. As announced in February 2024, we updated our employee compensation program to further enhance alignment across all our shareholders and other stakeholders. The Compensation Committee considered the following significant firm accomplishments in 2024 in making such annual performance bonus determinations: Please see “Other Named Executive Officer Annual Performance Bonuses” for an overview of the individuals accomplishments the Compensation Committee considered in making the annual performance bonus determinations for our other NEOs, and the amount of the annual performance bonuses for our other NEOs for 2024. Bonus Deferral Program As part of our realigned compensation program that we announced in February 2024, we implemented a Bonus Deferral Program for annual performance bonuses for 2024, pursuant to which a portion of annual performance bonuses was mandatorily paid in the form of a grant of RSUs, with the amount of such deferral determined on a graduated basis, resulting in employees receiving higher annual performance bonuses having a greater proportion of such bonuses deferred in the form of a grant of RSUs. The Bonus Deferral Program generally applied to all of our employees receiving annual performance bonuses for 2024 over $175,000, except where there are contractual commitments otherwise (including for Mr. Schwartz, and a portion of the annual performance bonus for 2024 for Ms. LoBue). This was the second year of implementing our Bonus Deferral Program, which applied to a broader population of employees and provided for higher rates of deferral than the initial implementation for annual performance bonuses for 2023, when the program applied a 10% flat rate of deferral for only certain senior employees. By paying a portion of annual performance bonuses in the form of RSU grants, our employees are aligned with our shareholders and incentivized to drive stock price appreciation and create value for our shareholders, while achieving the objectives of our realigned compensation program. By significantly increasing the rate of deferral and population covered for 2024 annual performance bonuses, we ensured that a broader base of our employees is aligned with shareholders and with each other. Bonus Deferral Program RSUs for 2024 annual performance bonuses were granted to Messrs. Redett, Ferguson, and Finn and Ms. LoBue on February 1, 2025, and will be eligible to vest in three equal installments on February 1