Form 4: Carlyle CEO Schwartz Tax Withholding on RSU Vesting

Carlyle Group CEO Harvey M. Schwartz reported the withholding of 310,696 common shares for tax obligations related to a restricted stock unit award vesting, maintaining his beneficial ownership.

Summary

• Harvey M. Schwartz, Chief Executive Officer and Director of Carlyle Group Inc. (CG), reported a transaction on December 15, 2025.
• The transaction involved the disposition of 310,696 shares of common stock at a price of $58.35 per share.
• This disposition was solely for the payment of taxes resulting from the vesting of a previously reported restricted stock unit award.
• No shares of common stock were sold by Mr. Schwartz; the shares were withheld by the Issuer.
• Following this transaction, Mr. Schwartz beneficially owns 5,929,596 shares of Carlyle Group common stock.

Sentiment

Score: 5

Explanation: The transaction is a routine tax withholding event related to executive compensation and does not indicate a change in the reporting person's investment sentiment or the company's operational performance.

Positives

• The transaction was a routine tax withholding, not a discretionary sale by the executive, indicating no change in investment sentiment.
• Harvey M. Schwartz continues to hold a substantial beneficial ownership of 5,929,596 shares in Carlyle Group Inc., demonstrating continued alignment with shareholder interests.

Future Outlook

N/A

Management Comments

• "No shares of common stock were sold by the reporting person."

Industry Context

This transaction is a routine insider filing common in the financial services industry, reflecting standard executive compensation practices involving equity awards. It does not indicate a shift in the company's strategic direction or market position.

Comparison to Industry Standards

• Routine tax withholding on restricted stock unit (RSU) vesting is a common and expected practice for executives across publicly traded companies, including those in the financial sector like Carlyle Group. This mechanism allows executives to cover tax liabilities incurred upon the vesting of equity awards without needing to sell additional shares on the open market, aligning with standard equity compensation plans.

Related Party Transactions

• No unusual related party transactions beyond standard executive compensation arrangements involving equity awards and tax withholdings.

Stakeholder Impact

• Shareholders: Minimal direct impact as this is a routine compensation-related event and not a discretionary sale by the CEO.
• Employees: No direct impact.
• Customers/Suppliers/Creditors: No direct impact.

Key Dates

Recommendation

This Form 4 filing details a routine tax withholding event for CEO Harvey M. Schwartz related to the vesting of restricted stock units. It is not a discretionary sale by the executive and therefore does not signal a change in management's confidence or the company's fundamentals. Investors should maintain their current position based on broader company performance and market conditions, as this specific transaction is neutral.

Keywords

Carlyle Group, CG, Harvey M. Schwartz, Form 4, insider transaction, stock withholding, RSU, restricted stock unit, executive compensation, tax payment