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Equity-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2023
Share-Based Payment Arrangement [Abstract]  
Summary of status of non-vested equity-based awards A summary of the status of the Company’s non-vested equity-based awards as of December 31, 2023 and a summary
of changes from December 31, 2020 through December 31, 2023, are presented below:
 
The Carlyle Group, Inc.
 
Equity Settled Awards
Unvested Shares
Restricted
Stock
Units
Weighted-
Average
Grant Date
Fair Value
Unvested
Common
Shares(1)
Weighted-
Average
Grant Date
Fair Value
Balance, December 31, 2020
8,523,082
$21.70
748,344
$25.39
Granted(2)
11,207,062
$31.64
291,396
$32.93
Vested
4,625,457
$22.64
404,310
$24.73
Forfeited
329,036
$31.02
$
Balance, December 31, 2021
14,775,651
$30.70
635,430
$29.27
Granted
4,216,827
$40.35
188,223
$49.06
Vested
5,805,437
$28.15
370,773
$26.54
Forfeited
2,321,793
$30.84
$
Balance, December 31, 2022
10,865,248
$35.78
452,880
$39.73
Granted(3)
18,273,547
$29.88
258,579
$39.73
Vested
5,280,029
$31.86
252,530
$34.85
Forfeited
1,685,119
$32.24
$37.91
Balance, December 31, 2023
22,173,647
$32.12
458,929
$37.87
(1)Includes common shares issued in connection with the Company’s investment in NGP.
(2)Includes 7.1 million long-term, strategic restricted stock units to certain senior professionals, the majority of which are eligible to vest based on the
achievement of annual performance targets over four years across a number of the Company’s employees.
(3)Includes 6.8 million shares related to equity inducement awards granted in connection with the appointment of the Company’s Chief Executive Officer,
as well as 0.3 million shares reserved for issuance upon the settlement of dividend-equivalent rights carried by certain restricted stock units
concurrently with the settlement of the restricted stock units for shares.