Equity-Based Compensation (Tables)

6 Months Ended

Jun. 30, 2024

A summary of the status of the Company’s non-vested equity-based awards as of June 30, 2024 and a summary of

changes for the six months ended June 30, 2024, are presented below:


Unvested Shares	Performance- Vesting Restricted Stock Units(1)	Weighted- Average Grant Date Fair Value	Restricted Stock Units	Weighted- Average Grant Date Fair Value	Unvested Common Shares(2)	Weighted- Average Grant Date Fair Value
Balance, December 31, 2023	4,941,317	$23.19	17,232,330	$34.68	458,929	$37.87
Granted (3)	13,225,575	$26.46	5,418,576	$40.63	247,293	$40.08
Vested (4)	995,848	$29.86	1,527,226	$32.68	—	$—
Forfeited	—	$—	831,515	$32.88	—	$—
Balance, June 30, 2024	17,171,044	$25.33	20,292,165	$36.49	706,222	$38.64

(1)Includes restricted stock units granted to certain senior Carlyle professionals, including equity inducement awards granted in connection

with the appointment of the Company’s Chief Executive Officer, which are subject to vesting based on the achievement of stock price

performance conditions over a service period.

(2)Includes common shares issued in connection with the Company’s investment in NGP.

(3)Includes shares reserved for issuance upon settlement of dividend-equivalent rights carried by certain restricted stock units concurrently

with the settlement of the restricted stock units for shares.

(4)Includes 1,115,147 shares which were retired in connection with the net share settlement of equity-based awards. The Company paid

$47.7 million of taxes related to the net share settlement of equity-based awards during the six months ended June 30, 2024, which is

included within Financing activities in the condensed consolidated statements of cash flows.