Blue Owl Capital (NYSE: OWL) Co‑CEO gets 736K incentive units and Class C shares
Rhea-AI Filing Summary
Ostrover Douglas I reported acquisition or exercise transactions in this Form 4 filing.
BLUE OWL CAPITAL INC. director and Co‑Chief Executive Officer Douglas I. Ostrover received an indirect equity incentive grant of 736,464 Blue Owl Operating Group Units (derivative) and a corresponding 736,464 Class C shares on August 6, 2026, held through Blue Owl Management Vehicle LP. The Incentive Units are fully vested but subject to a one‑year lock‑up; after required capital account thresholds and lock‑up expiry, the related Operating Group Units may be exchanged for an equal number of Class A shares or a cash amount based on a five‑day volume‑weighted average price. Following this grant, his indirectly held position in each of these securities is reported as 7,655,333.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 736,464 shares
Net Buy
2 txns
Insider
Ostrover Douglas I
Role
Co-Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Blue Owl Operating Group Units F1, F2 | 736,464 | $0.00 | $0.00 |
| Grant/Award | Class C Shares F1, F2 | 736,464 | $0.00 | $0.00 |
Holdings After Transaction:
Blue Owl Operating Group Units — 7,655,333 shares (Indirect, See Footnotes);
Class C Shares — 7,655,333 shares (Indirect, See Footnotes)
Footnotes (2)
- F1. 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.
- F2. 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
Operating Group Units granted: 736,464 units
Class C shares granted: 736,464 shares
Holdings after grant (Operating Group Units): 7,655,333 units
+2 more
5 metrics
Operating Group Units granted
736,464 units
Blue Owl Operating Group Units awarded on August 6, 2026 to Douglas I. Ostrover
Class C shares granted
736,464 shares
Class C shares issued in connection with the same August 6, 2026 grant
Holdings after grant (Operating Group Units)
7,655,333 units
Indirectly held Blue Owl Operating Group Units following the reported acquisition
Holdings after grant (Class C shares)
7,655,333 shares
Indirectly held Class C shares following the reported acquisition
Lock-up period
1 year
Incentive Units fully vested but subject to a one‑year lock‑up from grant date
Key Terms
Blue Owl Operating Group Units, Incentive Units, lock-up period, volume weighted average price
4 terms
Blue Owl Operating Group Units financial
"After expiration of the lock-up ... Blue Owl Operating Group Units may be exchanged"
Incentive Units financial
"The reporting person holds Incentive Units of Blue Owl Management Vehicle"
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.
lock-up period financial
"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.
volume weighted average price financial
"a cash payment equal to the five-day volume weighted average price of shares"
The volume weighted average price (VWAP) is a way to measure the average price of a security, such as a stock, over a specific period, taking into account how many units were traded at each price. It’s similar to calculating the average cost of items bought when some are more frequently purchased than others. Investors use VWAP to assess whether a security is being bought or sold at a fair price during trading.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Douglas Ostrover acquire in Blue Owl Capital (OWL) on August 6, 2026?
Douglas I. Ostrover received an indirect equity incentive grant of 736,464 Blue Owl Operating Group Units and a corresponding 736,464 Class C shares. These awards were made through Blue Owl Management Vehicle LP under the company’s 2021 Omnibus Equity Incentive Plan.
What are the vesting and lock-up terms of Douglas Ostrover’s OWL Incentive Units?
The reported Incentive Units are fully vested on the grant date but subject to a one‑year lock‑up period from that date. During this lock-up, transfers are restricted even though vesting is complete, aligning long-term incentives with Blue Owl Capital Inc.
Through which entity are Douglas Ostrover’s OWL awards held and how are they structured?
The awards are held by Blue Owl Management Vehicle LP, a Delaware limited partnership. Ostrover holds Incentive Units in this vehicle, which correspond on a 1‑for‑1 basis to Class P Units, resulting Common Units and Class C shares issued on his behalf.