Carlyle Group (CG) director Anthony Welters granted 4,450 restricted stock units

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

WELTERS ANTHONY reported acquisition or exercise transactions in this Form 4 filing.

Carlyle Group Inc. director Anthony Welters reported receiving a grant of 4,450 shares of common stock in the form of restricted stock units. The award was granted at no cash cost per share and increased his directly held position to 47,849 shares after the transaction.

The restricted stock units were granted under The Carlyle Group Inc. Amended & Restated 2012 Equity Incentive Plan and are scheduled to vest on May 1, 2027, if he continues serving on the company’s Board of Directors through that date.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider WELTERS ANTHONY

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	4,450	$0.00	--

Holdings After Transaction: Common Stock — 47,849 shares (Direct, null)

Footnotes (1)

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Key Figures

RSU grant size: 4,450 shares Grant price: $0.00 per share Post-transaction holdings: 47,849 shares +1 more

4 metrics

RSU grant size 4,450 shares Restricted stock unit award on May 1, 2026

Grant price $0.00 per share Accounting grant price for RSU award

Post-transaction holdings 47,849 shares Common stock held directly after grant

Vesting date May 1, 2027 RSUs vest subject to continued board service

Key Terms

restricted stock unit award, Amended & Restated 2012 Equity Incentive Plan, vest, Board of Directors

4 terms

restricted stock unit award financial

"These securities are a restricted stock unit award granted under The Carlyle Group Inc. Amended & Restated 2012 Equity Incentive Plan."

A restricted stock unit award is a promise by a company to give an employee a specified number of company shares at a future date if certain conditions are met, such as staying with the company or hitting performance goals. For investors, these awards matter because they can increase the total number of shares outstanding when converted, diluting existing holders, and they align employees’ incentives with shareholders’ interests much like giving a rising bonus that becomes real only after conditions are satisfied.

Amended & Restated 2012 Equity Incentive Plan financial

"These securities are a restricted stock unit award granted under The Carlyle Group Inc. Amended & Restated 2012 Equity Incentive Plan."

vest financial

"These securities will vest on May 1, 2027, subject to the reporting person's continued service on the Issuer's Board of Directors on such vesting date."

A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.

Board of Directors financial

"subject to the reporting person's continued service on the Issuer's Board of Directors on such vesting date."

The Board of Directors is a group of people chosen by a company's owners to help make big decisions and oversee how the company is run. They act like a team of advisors or managers, making sure the company stays on track and meets its goals. Their choices can influence the company's success and how it grows.

Form 4 Insider Transactions: What Each Field Means →

05/01/2026 - 06:27 PM

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^*

WELTERS ANTHONY

(Last)

(First)

(Middle)

C/O THE CARLYLE GROUP INC.

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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/01/2026

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

X	Form 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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	05/01/2026		A⁽¹⁾		4,450	A	$0	47,849	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. These securities are a restricted stock unit award granted under The Carlyle Group Inc. Amended & Restated 2012 Equity Incentive Plan. These securities will vest on May 1, 2027, subject to the reporting person's continued service on the Issuer's Board of Directors on such vesting date.

Remarks:

	/s/ Anne K. Frederick, by Power of Attorney for Anthony S. Welters	05/01/2026
	** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Carlyle Group (CG) director Anthony Welters report?

Anthony Welters reported receiving a grant of 4,450 restricted stock units of Carlyle Group common stock. The award was recorded at a price of $0.00 per share and reflects equity-based compensation rather than an open-market stock purchase or sale.

How many Carlyle Group (CG) shares does Anthony Welters hold after this grant?

Following the restricted stock unit grant, Anthony Welters is shown holding 47,849 shares of Carlyle Group common stock directly. This figure includes the newly granted 4,450 units and represents his reported beneficial ownership after the May 1, 2026 transaction.

When do Anthony Welters’ new Carlyle Group (CG) restricted stock units vest?

The 4,450 restricted stock units are scheduled to vest on May 1, 2027. Vesting is conditioned on Anthony Welters’ continued service on Carlyle Group’s Board of Directors through that date, aligning the award with ongoing board service and long-term incentives.

Under which plan were the Carlyle Group (CG) restricted stock units granted to Anthony Welters?

The restricted stock units were granted under The Carlyle Group Inc. Amended & Restated 2012 Equity Incentive Plan. This plan provides equity-based compensation, such as restricted stock units, to directors and other eligible participants to align their interests with shareholders.

Was Anthony Welters’ Carlyle Group (CG) Form 4 transaction a market purchase or sale?

No, the Form 4 shows a grant or award acquisition, not a market trade. The 4,450 shares were issued at $0.00 per share as a restricted stock unit award, indicating compensation rather than an open-market purchase or sale of Carlyle Group stock.