Packer Craig 4

What Happened Craig Packer, Co‑President and director of Blue Owl Capital Inc. (OWL), received an award on May 7, 2026 of 729,716 shares reported as Class C common stock and a corresponding 729,716 derivative interest. The filing shows the shares were granted at $0.00 (no cash paid) and the reported acquisition value is $0. This is an equity award under the company's omnibus incentive plan, not an open‑market purchase or sale.

Key Details

• Transaction date: 2026-05-07; Transaction code: A (award/grant); Price reported: $0.00.
• Amounts: 729,716 shares acquired and 729,716 derivative interests reported. Total reported cash value: $0.
• Shares owned after transaction: not specified in the Form 4 beyond the awarded amounts.
• Footnotes: The award represents Class C shares and common units issued to Blue Owl Management Vehicle in respect of Class P Units granted to that vehicle on the reporting person's behalf (F1). Incentive Units are fully vested on grant but are subject to a one‑year lock‑up; settlement and future exchange into Class A shares (or cash in some cases) occur after capital thresholds and lock‑up expiration (F2).
• Filing timeliness: Reported period 2026-05-07 and filed 2026-05-08 — appears timely.

Context This was an equity compensation grant under Blue Owl’s omnibus equity incentive plan. Although the Incentive Units are fully vested at grant, they are subject to a one‑year lock‑up and only convert to operating units/Class C shares (and later may convert to Class A shares or cash) after certain conditions are met — so these units are not immediately liquid. As an award (not a purchase or sale), this is a compensation event rather than a direct market signal of buying or selling.