Kewsong Lee - Feb 8, 2022 Form 4 Insider Report for Carlyle Group Inc. (CG)

Role
Chief Executive Officer, Director
Signature
/s/ Jeffrey W. Ferguson by power of attorney for Kewsong Lee
Stock symbol
CG
Transactions as of
Feb 8, 2022
Transactions value $
-$17,570,601
Form type
4
Date filed
2/10/2022, 07:50 PM
Previous filing
Feb 3, 2022
Next filing
May 2, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CG Common Stock Award $0 +686K +175.13% $0.00 1.08M Feb 8, 2022 Direct F1
transaction CG Common Stock Sale -$17.6M -359K -33.36% $48.90 718K Feb 8, 2022 Direct F2
transaction CG Common Stock Award $0 +606K +84.36% $0.00 1.32M Feb 10, 2022 Direct F3
holding CG Common Stock 2.28M Feb 8, 2022 See Footnote F4
holding CG Common Stock 284K Feb 8, 2022 See Footnote F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These shares of common stock were acquired upon the settlement of performance-based restricted stock unit awards previously granted to the reporting person.
F2 These shares of common stock were sold on behalf of the reporting person to cover tax withholding obligations in connection with the vesting of the performance awards described herein.
F3 These securities are restricted stock unit awards that will be eligible to vest in February 2027 based on the reporting person's continued service at the company through the vesting date and the attainment of specified stock price target conditions, where such restricted stock units will be eligible to vest at the 20%, 40%, 60%, 80% or 100% level based on the attainment of 20-consecutive trading day average closing stock prices equal to or in excess of $59.21, $69.08, $78.94, $88.81 and $98.68, respectively.
F4 Such shares of common stock are held in a grantor retained annuity trust.
F5 Such shares of common stock are held by a trust for the benefit of the reporting person's family of which the reporting person is the Investment Adviser and has sole investment power over the securities.

Remarks:

Pursuant to Rule 16a-1(a)(4) of the Securities Exchange Act of 1934, as amended, the reporting person herein states that this filing shall not be deemed to be an admission that such reporting person is the beneficial owner of any of these interests, and disclaims beneficial ownership of such interests, except to the extent of such reporting person's pecuniary interest in such interests.