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Carlyle Group (CG) CAO adds 409 dividend equivalent units

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Carlyle Group Inc. reported that Chief Accounting Officer Charles Elliott Andrews Jr. acquired 409 shares of common stock at no cost as a grant or award. These represent dividend equivalent units accrued on previously granted time-vesting restricted stock units in connection with the company’s quarterly dividend. Following this compensation-related award, his directly held common stock position increased to 147,728 shares.

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Insider Andrews Charles Elliott Jr.
Role Chief Accounting Officer
Type Security Shares Price Value
Grant/Award Common Stock 409 $0.00 --
Holdings After Transaction: Common Stock — 147,728 shares (Direct, null)
Footnotes (1)
  1. [object Object]
Shares granted 409 shares Common Stock grant/award on 2026-05-28
Grant price $0.00 per share Non-cash grant of dividend equivalent units
Post-transaction holdings 147,728 shares Total common stock directly held after grant
Transaction code A Grant, award, or other acquisition of common stock
Transactions acquiring shares 1 transaction Non-derivative acquisition reported in summary
dividend equivalent units financial
"Represents dividend equivalent units accrued on certain existing time-vesting restricted stock unit awards"
Dividend equivalent units are bookkeeping credits that mirror cash dividends paid on actual shares, granted to holders of stock-based awards such as restricted stock units or deferred compensation. They matter to investors because they increase a company’s reported employee compensation cost and can lead to issuance of more shares or cash payouts over time, similar to extra pay linked to ownership that affects shareholder dilution and corporate cash flow.
restricted stock unit financial
"accrued on certain existing time-vesting restricted stock unit awards, the grant of which was previously reported"
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
time-vesting financial
"dividend equivalent units accrued on certain existing time-vesting restricted stock unit awards"
Time-vesting is a schedule that gives someone the right to a stock option, restricted share, or other award gradually over a set period rather than all at once; the recipient only “earns” portions of the grant as time passes. For investors, time-vesting matters because it affects when new shares can enter the market, how long employees have incentives to stay and perform, and the timing of potential dilution or insider selling—think of it like receiving paychecks of ownership instead of a lump-sum grant.
quarterly dividend financial
"in connection with the issuer's quarterly dividend"
A quarterly dividend is a payment a company gives to its shareholders four times a year, usually as a share of its profits. It's like getting a small bonus every few months for owning the company's stock, which can provide a steady income. Investors watch these payments to see how well a company is doing and whether it’s a good investment.
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SEC Form 4
FORM 4UNITED 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
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
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*
Andrews Charles Elliott Jr.

(Last)(First)(Middle)
1001 PENNSYLVANIA AVENUE, NW

(Street)
WASHINGTON DISTRICT OF COLUMBIA 20004

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
Carlyle Group Inc. [ CG ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
Chief Accounting Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/28/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(A) or (D)Price
Common Stock05/28/2026A(1)409A$0147,728D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Represents dividend equivalent units accrued on certain existing time-vesting restricted stock unit awards, the grant of which was previously reported, in connection with the issuer's quarterly dividend. Such dividend equivalent units will vest on the same schedule and subject to the same terms and conditions as the underlying awards.
Remarks:
/s/ Anne K. Frederick by Power of Attorney for Charles E. Andrews, Jr.05/29/2026
** Signature of Reporting PersonDate
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.
* Form 4: SEC 1474 (03-26)

FAQ

What did Carlyle Group (CG) disclose in this Form 4 for its Chief Accounting Officer?

Carlyle Group reported that Chief Accounting Officer Charles Elliott Andrews Jr. received 409 shares of common stock as a grant. These shares are dividend equivalent units tied to earlier restricted stock unit awards and were issued in connection with the company’s quarterly dividend.

How many Carlyle Group (CG) shares does the Chief Accounting Officer hold after this transaction?

After the award, the Chief Accounting Officer directly holds 147,728 shares of Carlyle Group common stock. This figure includes the newly credited 409 dividend equivalent units linked to existing time-vesting restricted stock unit awards previously disclosed.

Was the Carlyle Group (CG) Form 4 transaction an open-market purchase or sale?

The Form 4 shows no open-market purchase or sale. Instead, the Chief Accounting Officer received 409 shares at a price of $0.00 per share as a grant of dividend equivalent units associated with prior restricted stock unit awards.

What are the 409 dividend equivalent units reported for Carlyle Group (CG)?

The 409 units are dividend equivalent units accrued on existing time-vesting restricted stock unit awards. They were credited in connection with Carlyle Group’s quarterly dividend and will vest on the same schedule and under the same terms as the underlying restricted stock units.

Does the Carlyle Group (CG) Form 4 indicate any derivative securities for the officer?

This Form 4 does not list any new derivative security transactions for the Chief Accounting Officer. It only reports non-derivative common stock acquired as dividend equivalent units connected to previously granted time-vesting restricted stock unit awards.