Carlyle Group Inc
For the period ended Mar 31, 2024. Filed May 7, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 7, 2024
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Unregistered Sales of Equity Securities and Use of Proceeds
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
Issuer Purchases of Equity Securities
The following table sets forth repurchases of our common stock during the three months ended March 31, 2024 for the
periods indicated. During the three months ended March 31, 2024,2.9 million shares were repurchased. In addition,0.5 million
shares were retired in connection with the net share settlement of equity-based awards, which are not included in the table
below.
| Period | (a) Total number of sharespurchased | (b) Average price paid per share | (c) Total number of shares purchased as part of publicly announced plans or programs | (d) Maximum number (or approximate dollar value) of shares that may yet be purchased under the plans or programs (3) |
|---|---|---|---|---|
| (Dollars in millions, except share and per share data) | ||||
| January 1, 2024 to January 31, 2024 (1) | — | $— | — | $396.8 |
| February 1, 2024 to February 29, 2024 (1)(2) | 1,024,995 | $44.49 | 1,024,995 | $1,354.4 |
| March 1, 2024 to March 31, 2024 (1)(2) | 1,828,607 | $46.48 | 1,828,607 | $1,269.4 |
| Total | 2,853,602 | 2,853,602 | ||
(1)On October 28, 2021, we announced that the Board of Directors of the Company authorized the repurchase of up to $400 million of
common stock in the aggregate, effective January 1, 2022. In February 2023, the Board of Directors replenished the repurchase
program and expanded the limit to $500 million of common stock in the aggregate, effective March 31, 2023. The Board of
Directors reset the total repurchase authorization to$1.4 billion in shares of our common stock, effective as of February 6, 2024,
which authorization replaced the Company’s prior $500 million authorization. Under the share repurchase program, shares of our
common stock may be repurchased from time to time in open market transactions, in privately negotiated transactions, or otherwise,
including through Rule 10b5-1 plans. The timing and actual number of shares of common stock repurchased will depend on a
variety of factors, including legal requirements and price, economic, and market conditions. In addition to the repurchase of
common stock, the repurchase program is used for the payment of tax withholding amounts upon net share settlement of equity-
based awards granted pursuant to our Equity Incentive Plan or otherwise based on the value of shares withheld that would have
otherwise been issued to the award holder. The repurchase program may be suspended or discontinued at any time and does not
have a specified expiration date.
(2)Reflects shares purchased in open market and brokered transactions, which were subsequently retired.
(3)The remaining repurchase authorization was$1,256.9 million as of March 31, 2024 when factoring in the net share settlement of
equity-based awards subsequent to February 6, 2024.
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