Carlyle Group (CG) CEO files Form 4 for tax share withholding

Rhea-AI Filing Summary

Carlyle Group Inc. reported an insider transaction by its Chief Executive Officer and director, Harvey M. Schwartz, related to equity compensation. On 12/15/2025, 310,696 shares of common stock were withheld by the company at a price of $58.35 per share to cover taxes due on the vesting of a previously reported restricted stock unit award. The filing states that no shares of common stock were sold by the reporting person in this transaction. Following the tax withholding, Schwartz beneficially owns 5,929,596 shares of Carlyle common stock in direct ownership.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

SCHWARTZ HARVEY M

(Last) (First) (Middle)

1001 PENNSYLVANIA AVENUE, NW

(Street)

WASHINGTON DC 20004

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Carlyle Group Inc. [ CG ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Executive Officer

3. Date of Earliest Transaction (Month/Day/Year)
12/15/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	12/15/2025		F(1)		310,696	D	$58.35	5,929,596	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents shares of common stock that have been withheld by the Issuer in connection with the payment of taxes resulting from the vesting of a previously reported restricted stock unit award. No shares of common stock were sold by the reporting person.

Remarks:

	/s/ Anne K. Frederick by power of attorney for Harvey M. Schwartz	12/17/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did Carlyle Group (CG) disclose in this Form 4?

Carlyle Group disclosed that Chief Executive Officer and director Harvey M. Schwartz had 310,696 shares of common stock withheld on 12/15/2025 to pay taxes owed on the vesting of a previously reported restricted stock unit award.

At what price were Carlyle Group (CG) shares withheld for Harvey M. Schwartz?

The 310,696 Carlyle Group common shares withheld to cover taxes were valued at $58.35 per share.

Did Harvey M. Schwartz sell any Carlyle Group (CG) shares in this transaction?

No. The filing explains that the shares were withheld by the issuer for tax purposes, and that no shares of common stock were sold by Harvey M. Schwartz.

How many Carlyle Group (CG) shares does Harvey M. Schwartz own after this Form 4 transaction?

After the reported tax withholding, Harvey M. Schwartz beneficially owns 5,929,596 shares of Carlyle Group common stock in direct ownership.

What is the role of the reporting person in Carlyle Group (CG)?

The reporting person, Harvey M. Schwartz, is both a Director and the Chief Executive Officer of Carlyle Group Inc.

What does transaction code "F" mean in this Carlyle Group (CG) Form 4?

Transaction code "F" indicates shares were withheld by the issuer to satisfy tax obligations upon the vesting of an equity award, in this case a restricted stock unit award.