Form 4: Carlyle Group CEO Harvey Schwartz Disposes of Shares for Tax Obligations

Carlyle Group's CEO, Harvey Schwartz, disposed of 302,515 shares of common stock to cover tax obligations related to vesting restricted stock units.

Summary

• Harvey M. Schwartz, CEO of Carlyle Group Inc., disposed of 302,515 shares of common stock on December 15, 2024.
• The shares were withheld by the company to cover tax obligations arising from the vesting of previously reported restricted stock units.
• The transaction price was $52.64 per share.
• Following the transaction, Mr. Schwartz beneficially owns 6,826,424 shares of Carlyle Group common stock.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to executive compensation and tax obligations. It is neither positive nor negative for the company's performance.

Industry Context

This is a routine transaction for executives who receive stock-based compensation. It is common for companies to withhold shares to cover tax obligations.

Comparison to Industry Standards

• Similar transactions are common among executives at publicly traded companies, particularly when dealing with vesting of restricted stock units.
• The practice of withholding shares for tax obligations is a standard procedure in executive compensation.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a standard procedure for executive compensation.

Key Dates

Keywords

Carlyle Group, Harvey Schwartz, stock disposal, restricted stock units, tax obligations, insider trading, SEC Form 4