Carlyle Group (CG) director receives 4,450 restricted stock units as equity grant

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

SHAW WILLIAM JOSEPH reported acquisition or exercise transactions in this Form 4 filing.

Carlyle Group Inc. director William Joseph Shaw received an equity-based compensation grant in the form of 4,450 shares of common stock on May 1, 2026. The award is structured as restricted stock units under The Carlyle Group Inc. Amended & Restated 2012 Equity Incentive Plan, with no cash purchase price.

The filing states these restricted stock units will vest on May 1, 2027, provided Shaw continues to serve on Carlyle’s Board of Directors through that date. After this grant, he directly holds a total of 78,093 shares of Carlyle common stock, reflecting his ongoing equity stake in the company.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider SHAW WILLIAM JOSEPH

Role null

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

Holdings After Transaction: Common Stock — 78,093 shares (Direct, null)

Footnotes (1)

[object Object]

Key Figures

RSU grant size: 4,450 shares Grant price: $0.0000 per share Post-grant holdings: 78,093 shares +1 more

4 metrics

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

Grant price $0.0000 per share Equity award, no cash paid by director

Post-grant holdings 78,093 shares Total common stock directly held after transaction

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

Key Terms

restricted stock unit award, Amended & Restated 2012 Equity Incentive Plan, vesting

3 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

"granted under The Carlyle Group Inc. Amended & Restated 2012 Equity Incentive Plan."

vesting financial

"These securities will vest on May 1, 2027, subject to the reporting person's continued service"

Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.

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^*

SHAW WILLIAM JOSEPH

(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	78,093	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 William J. Shaw	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 did Carlyle Group (CG) director William Shaw report in this Form 4?

William Shaw reported receiving 4,450 shares of Carlyle Group common stock as an equity award. These shares are in the form of restricted stock units granted under the company’s Amended & Restated 2012 Equity Incentive Plan as part of his director compensation.

Is the Carlyle Group (CG) Form 4 transaction a purchase or a compensation grant?

The Form 4 shows a compensation grant, not a market purchase. William Shaw received 4,450 restricted stock units at no cash cost, identified with transaction code A, which denotes a grant, award, or other acquisition rather than an open-market buy transaction.

When do William Shaw’s Carlyle Group (CG) restricted stock units vest?

The restricted stock units granted to William Shaw are scheduled to vest on May 1, 2027. Vesting is conditioned on his continued service on Carlyle Group’s Board of Directors through that vesting date, according to the footnote disclosure in the filing.

How many Carlyle Group (CG) shares does William Shaw hold after this Form 4 grant?

Following the grant reported in this Form 4, William Shaw directly holds 78,093 shares of Carlyle Group common stock. This total reflects his position after adding the 4,450-share restricted stock unit award disclosed in the latest insider transaction filing.

What equity plan governs William Shaw’s new Carlyle Group (CG) award?

The award is 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 participants, aligning their interests with long-term shareholder value through stock-based awards.