Craig Packer (NYSE: OWL) awarded units exchangeable into Class A stock
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Packer Craig reported acquisition or exercise transactions in this Form 4 filing.
BLUE OWL CAPITAL INC. director and Co-President Craig Packer reported an indirect equity award. He was granted 729,716 Class C Shares and 729,716 Blue Owl Operating Group Units through Blue Owl Management Vehicle LP, in respect of previously issued Class P Units under the company’s 2021 Omnibus Equity Incentive Plan.
The related Incentive Units are fully vested on the grant date but subject to a one-year lock-up. After required capital account thresholds are met, they settle into Common Units and Class C Shares, which, after lock-up and cancellation of an equal number of Class C Shares, may be exchanged into an equal number of Class A Shares or a cash payment based on the five-day volume weighted average price.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Packer Craig
Role
Co-President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Blue Owl Operating Group Units | 729,716 | $0.00 | -- |
| Grant/Award | Class C Shares | 729,716 | $0.00 | -- |
Holdings After Transaction:
Blue Owl Operating Group Units — 5,735,745 shares (Indirect, See Footnotes);
Class C Shares — 5,735,745 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: 729,716 shares
Operating Group Units granted: 729,716 units
Class C Shares after transaction: 5,735,745 shares
+2 more
5 metrics
Class C Shares granted
729,716 shares
Non-derivative equity award on May 7, 2026
Operating Group Units granted
729,716 units
Derivative award linked 1-for-1 to Class A Shares
Class C Shares after transaction
5,735,745 shares
Indirect holdings following reported grant
Operating Group Units after transaction
5,735,745 units
Indirect derivative holdings following reported grant
Lock-up period
1 year
Incentive Units locked up from grant date
Key Terms
Incentive Units, Class P Units, lock-up period, volume weighted average price, +1 more
5 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.
Class P Units financial
"...in respect of Class P Units of Blue Owl Holdings issued to Blue Owl Management Vehicle..."
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.
volume weighted average price financial
"...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..."
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.
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 Craig Packer report in this Form 4 for OWL?
Craig Packer reported an indirect equity award linked to Blue Owl Capital. He was granted 729,716 Class C Shares and 729,716 Blue Owl Operating Group Units via Blue Owl Management Vehicle LP, tied to Class P Units under the 2021 Omnibus Equity Incentive Plan.
Is the OWL equity granted to Craig Packer fully vested?
Yes, the Incentive Units related to the OWL award are fully vested on the grant date. However, they are subject to a one-year lock-up period, meaning they cannot be exchanged or sold until that lock-up expires under the plan’s terms.
What are Blue Owl Operating Group Units in this OWL Form 4?
Blue Owl Operating Group Units are Common Units of Blue Owl Capital Holdings LP tied to Incentive Units. They are issued on a 1-for-1 basis with Class C Shares and can later be exchanged for Class A common stock or an equivalent cash amount, subject to conditions.