Carlyle CAO awarded 343 dividend equivalent units

Carlyle Group Inc. Chief Accounting Officer Charles Elliott Andrews Jr. reported an acquisition of 343 shares of common stock equivalent units on time-vesting restricted stock unit awards.

Rhea-AI Filing Summary

Carlyle Group Inc. Chief Accounting Officer Charles Elliott Andrews Jr. reported an acquisition of 343 shares of common stock equivalent units on time-vesting restricted stock unit awards. These units were credited as dividend equivalents in connection with Carlyle’s quarterly dividend and were received at no cash cost.

The new dividend equivalent units will vest on the same schedule and under the same terms and conditions as the underlying restricted stock unit awards. Following this credit, Andrews Jr. now directly holds a total of 147,319 shares or share-equivalent units of Carlyle common stock.

Insider Trade Summary

Grant/Award: 343 shares

Grant/Award 1 txn

Insider Andrews Charles Elliott Jr.

Role Chief Accounting Officer

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	343	$0.00	$0.00

Holdings After Transaction: Common Stock — 147,319 shares (Direct)

Footnotes (1)

1. F1. 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.

FAQ

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What insider transaction did Carlyle Group (CG) report for Charles Elliott Andrews Jr.?

Carlyle Group reported that Chief Accounting Officer Charles Elliott Andrews Jr. acquired 343 common stock dividend equivalent units. These units were credited on existing time-vesting restricted stock unit awards in connection with the company’s quarterly dividend, rather than through an open-market stock purchase.

How many Carlyle Group (CG) share units does Charles Elliott Andrews Jr. hold after this Form 4?

After this transaction, Charles Elliott Andrews Jr. directly holds 147,319 Carlyle Group common stock shares or share-equivalent units. This total includes the 343 dividend equivalent units credited on existing restricted stock unit awards tied to Carlyle’s quarterly dividend payments.

What is the nature of the 343 units reported in Carlyle Group (CG) Form 4?

The 343 units are dividend equivalent units accrued on previously granted time-vesting restricted stock unit awards. They were issued in connection with Carlyle Group’s quarterly dividend and will follow the same vesting schedule, terms, and conditions as the original restricted stock unit awards.

Did Charles Elliott Andrews Jr. pay cash for the 343 Carlyle Group (CG) units?

No, Charles Elliott Andrews Jr. did not pay cash for these 343 units. They were granted at a price of $0.0000 per unit as dividend equivalent units automatically credited on existing restricted stock units when Carlyle Group paid its quarterly dividend.

Do the new dividend equivalent units for Carlyle Group (CG) vest immediately?

The new dividend equivalent units do not vest immediately. According to the disclosure, they will vest on the same schedule and remain subject to the same terms and conditions as the underlying time-vesting restricted stock unit awards previously granted to Charles Elliott Andrews Jr.

What role does Charles Elliott Andrews Jr. hold at Carlyle Group (CG) in this Form 4?

In this Form 4, Charles Elliott Andrews Jr. is identified as Carlyle Group’s Chief Accounting Officer. The reported transaction reflects additional dividend equivalent units credited to his existing equity awards as part of the company’s compensation and dividend practices for senior executives.

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Accepted by SEC EDGAR 02/20/2026 - 06:49 PM Learn about SEC filing dates

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

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 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)

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

3. Date of Earliest Transaction (Month/Day/Year)
02/20/2026

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	02/20/2026		A(1)		343	A	$0	147,319	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 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.	02/20/2026
	** 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.