Nedelman Jeffrey 4

What Happened
Jeffrey Nedelman, Co‑President of Carlyle Group Inc. (CG), received an award of 6,507 dividend-equivalent restricted stock units on February 20, 2026. The units were granted at $0.00 per share (total reported value $0) and represent dividend equivalents credited on previously reported restricted stock unit awards rather than a cash purchase.

Key Details

• Transaction type: Award/Grant (Code A) reported on Form 4 dated 2026-02-20.
• Shares granted: 6,507 units at $0.00 per unit (total $0).
• Shares owned after transaction: not disclosed in this filing.
• Footnote: These are dividend equivalent units accrued on existing RSU awards; they will vest on the same schedule and under the same terms as the underlying awards (per footnote F1).
• Filing timeliness: Reported on the same date as the transaction (not a late filing).

Context
Dividend-equivalent units compensate holders of restricted stock units for dividends and simply increase the RSU balance; they are not an open‑market purchase or sale and do not represent immediate cash proceeds. Such awards are routine components of executive compensation and will only convert to shares (or otherwise settle) according to the original RSU vesting terms.