Blue Owl Capital (NYSE: OWL) Co-CEO awarded Class C shares and operating units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
LIPSCHULTZ MARC S reported acquisition or exercise transactions in this Form 4 filing.
BLUE OWL CAPITAL INC. reported that entities associated with Co-Chief Executive Officer Marc S. Lipschultz received equity-based awards. The filing shows a grant of 788,882 Class C Shares and 788,882 Blue Owl Operating Group Units, held indirectly through Blue Owl Management Vehicle LP. After these awards, indirect holdings reported total 6,918,869 shares or units corresponding on a 1-for-1 basis. The Incentive Units are fully vested on the grant date but subject to a one-year lock-up before exchanges into Class A Shares can occur.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
LIPSCHULTZ MARC S
Role
Co-Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Blue Owl Operating Group Units | 788,882 | $0.00 | -- |
| Grant/Award | Class C Shares | 788,882 | $0.00 | -- |
Holdings After Transaction:
Blue Owl Operating Group Units — 6,918,869 shares (Indirect, See Footnotes);
Class C Shares — 6,918,869 shares (Indirect, See Footnotes)
Footnotes (1)
- Represents shares of Class C common stock of the Issuer ("Class C Shares") and Common Units of Blue Owl Capital Holdings LP, a Delaware limited partnership ("Blue Owl Holdings"), issued or to be issued to Blue Owl Management Vehicle LP, a Delaware limited partnership ("Blue Owl Management Vehicle"), in respect of Class P Units of Blue Owl Holdings issued to Blue Owl Management Vehicle on behalf of the reporting person pursuant to the Second Amended and Restated Blue Owl Capital Inc. 2021 Omnibus Equity Incentive Plan, as amended from time to time. The reporting person holds Incentive Units of Blue Owl Management Vehicle, which correspond to the Class P Units and the resulting Common Units and Class C Shares on a 1-for-1 basis. The reported Incentive Units of Blue Owl Management Vehicle are fully vested upon the grant date, but are subject to a lock-up period of one year from the grant date. After attainment of required capital account thresholds, Incentive Units settle by delivery of an equal number of Common Units of Blue Owl Holdings ("Blue Owl Operating Group Units") and Class C Shares. After expiration of the lock-up and cancellation of an equal number of Class C Shares, Blue Owl Operating Group Units may be exchanged from time to time at the request of the reporting person for an equal number of newly issued shares of the Issuer's Class A common stock ("Class A Shares") (or at the election of an exchange committee of the general partner of Blue Owl Holdings, a cash payment equal to the five-day volume weighted average price of shares of Class A Shares immediately prior to the applicable exchange date). Blue Owl Operating Group Units do not expire.
Key Figures
Class C Shares granted: 788,882 shares
Blue Owl Operating Group Units granted: 788,882 units
Award price: $0.0000 per unit
+3 more
6 metrics
Class C Shares granted
788,882 shares
Grant/award acquisition on May 7, 2026
Blue Owl Operating Group Units granted
788,882 units
Derivative award linked 1-for-1 to Class A Shares
Award price
$0.0000 per unit
Grant of Class C Shares and Operating Group Units
Indirect holdings after award
6,918,869 shares/units
Total reported following the transactions
Lock-up period
1 year
Incentive Units subject to one-year lock-up from grant date
Exchange ratio
1-for-1
Incentive Units, Operating Group Units, and Class C or Class A Shares
Key Terms
Incentive Units, Blue Owl Operating Group Units, lock-up period, Class C Shares, +2 more
6 terms
Incentive Units financial
"The reporting person holds Incentive Units of Blue Owl Management Vehicle, which correspond to the Class P Units..."
Incentive units are ownership stakes a company grants to employees, contractors or advisors as part of pay, which become valuable only after certain conditions are met (for example, after a period of time or when performance targets are hit). They matter to investors because they create potential future claims on profits or ownership—similar to performance-based coupons that convert into a slice of the business—and can dilute existing holders or change incentives for management.
Blue Owl Operating Group Units financial
"Incentive Units settle by delivery of an equal number of Common Units of Blue Owl Holdings ("Blue Owl Operating Group Units")..."
lock-up period financial
"The reported Incentive Units of Blue Owl Management Vehicle are fully vested upon the grant date, but are subject to a lock-up period of one year..."
A lock-up period is a fixed time after a stock offering during which company insiders and early investors are legally barred from selling their shares. It matters because when that restriction expires a large block of previously locked-up shares can enter the market at once, potentially lowering the stock price or spiking trading volume—like opening a floodgate—so investors monitor these dates to anticipate price moves and manage risk.
Omnibus Equity Incentive Plan financial
"pursuant to the Second Amended and Restated Blue Owl Capital Inc. 2021 Omnibus Equity Incentive Plan..."
A single, company-wide plan that lets a business grant different kinds of stock-based pay — such as stock options, shares that vest over time, or other equity awards — to employees, directors and consultants. It matters to investors because it determines how much of the company can be paid out in shares, how quickly those shares enter the market, and how well employees are motivated to grow the business; think of it as a toolbox or menu for paying with ownership stakes that can dilute existing holders and affect company performance.
FAQ
What did BLUE OWL CAPITAL INC. (OWL) disclose in this Form 4?
BLUE OWL CAPITAL INC. disclosed equity awards linked to its Co-CEO. Entities associated with Marc S. Lipschultz received 788,882 Class C Shares and 788,882 Blue Owl Operating Group Units as fully vested Incentive Units, increasing reported indirect holdings to 6,918,869 units or shares.
What are Blue Owl Operating Group Units mentioned in OWL’s Form 4?
Blue Owl Operating Group Units are Common Units of Blue Owl Capital Holdings LP. In this filing, 788,882 such units were awarded and correspond to an equal number of Class C Shares, with potential future exchange into Class A common stock after conditions are met.
Are the Incentive Units in this OWL Form 4 immediately vested and tradable?
The Incentive Units are fully vested on the grant date but locked up for one year. During this lock-up period, they cannot be exchanged. Afterward, and upon meeting capital account thresholds, they may settle into Operating Group Units and Class C Shares.