Packer Craig 4

What Happened

• Craig Packer, Co‑President and Director of Blue Owl Capital Inc. (OWL), was granted two award entries on Feb 12, 2026: 813,484 Class C common shares (reported at $0.00) and 813,484 related common‑unit/derivative awards (reported at $0.00). These are awards (transaction code A) rather than purchases or sales.

Key Details

• Transaction date: 2026-02-12; Filing date: 2026-02-13 (timely).
• Reported price: $0.00 for each grant entry (no cash paid).
• Reported quantities: 813,484 Class C shares and 813,484 derivative/common‑unit awards.
• Shares owned after the transaction: not specified in the provided data.
• Footnotes summary:
  • F1: The entries represent Class C shares and Common Units issued or to be issued to a management vehicle on behalf of the reporting person; the reporting person holds Incentive Units that correspond 1-for-1 to the Class C Shares and Common Units.
  • F2: The Incentive Units are fully vested at grant but subject to a one‑year lock‑up; after certain capital thresholds they settle into Common Units and Class C Shares and Common Units can later be exchanged for Class A shares (or cash in some cases).
• Filing appears timely (not late).

Context

• These entries are grants/awards to a management vehicle and are not open‑market purchases or sales—no immediate cash transaction or disposition occurred.
• Although the Incentive Units are reported as fully vested, they are subject to a one‑year lock‑up and additional settlement/exchange mechanics described in the footnotes; that affects when the economic or voting rights may change and whether shares could later be converted into Class A stock or cash.