Form 4: Blue Owl Capital Co-President Marc Zahr Enters Derivative Agreement for Estate Planning

Blue Owl Capital's Co-President, Marc Zahr, executed a derivative agreement for estate planning purposes, potentially transferring future gains on 8,250,000 shares of Class C common stock to a family trust.

Summary

• Marc Zahr, Co-President of Blue Owl Capital Inc., filed a Form 4 disclosing a transaction related to a derivative agreement.
• The agreement, entered on March 14, 2025, involves James J. Hennessey as trustee of the Zahr Family Gift Trust.
• Zahr sold a derivative to the trustee for $102,497,000 for estate planning purposes.
• The settlement date is set for March 14, 2034, or earlier upon Zahr's death.
• The trust has the right to receive a future payment representing the increase in value over a $1,000,000 hurdle amount of certain Blue Owl interests.
• These interests include 8,250,000 shares of Class C common stock, 8,250,000 common units of Blue Owl Capital Holdings LP, and 8,250,000 common units of Blue Owl Capital Carry LP.
• Zahr disclaims beneficial ownership of the securities and the agreement held by the trust, except for his pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing a financial transaction. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.

Future Outlook

The agreement outlines a future transfer of value based on the performance of Blue Owl interests until the settlement date in 2034.

Industry Context

Executive compensation and estate planning strategies are common in the financial industry, and this filing provides transparency into one such arrangement at Blue Owl Capital.

Stakeholder Impact

• The transaction could indirectly benefit the Zahr family through the trust.
• The agreement's impact on Blue Owl Capital's shareholders is likely minimal, as it is an individual estate planning matter.

Key Dates