VVelarionINTELLIGENCE
Sign inStart free trial
Start free trial
Asset Management

Carlyle Group Executive Compensation (FY25)

CG · Washington, DC · Executive and director compensation, fiscal 2022 to 2025
Chief executive, fiscal 2025
◇
Harvey Schwartz
Latest say-on-pay support
=
June 3, 2026
Chief executive pay ratio
◇
To the median employee
Free for 3 days · no card

See how Carlyle Group’s pay stands against its peers

  • Carlyle Group's company dashboard and its AI-written, board-ready brief, every figure cited to the filing
  • Where Carlyle Group sits against its disclosed peer group, with custom peer reruns and governance screens
  • Every other company we cover, with alerts when they file
Start my free trial on CGSee the plan and pricing
No card. Nothing is charged, and the trial ends on its own. After the trial: $499/month, or $5,000/year, about two months free.
Velarion Intel, $499/month, or $5,000/year, about two months free: one seat · every company we cover · 7-day refund, with dashboards, peer screens and board-ready briefs.

The Carlyle Group brief, $299

Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
Both reports for $449.
Get the executive briefGet the board briefNo account needed.
Data as of November 12, 2026Latest filing (8-K): June 5, 2026
10 filings cited on this page
If a report fails to generate we keep working until you have it. No refunds on one-time reports.
Published by Velarion Company Intelligence
Carlyle Group brief$299Get the executive brief
Velarion Intel, one year, every company
218 figures on this page: 212 cited to the filing that reported them, 6 calculated from figures it prints. See the citations
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Harvey Schwartz: $29,590,176 → $7,149,859 (75.8% lower)
Say-on-pay support: 70.3% → 81.8% (11.5 points higher)
CEO pay ratio: 110:1 → 29:1 (73.6% lower)

Frequently asked questions

Answers drawn from the data on this page.
Who is Carlyle Group's chief executive and what were they paid?
Harvey Schwartz was paid $7,149,859 in total compensation as Chief Executive Officer and Director for fiscal 2025. Compared with the $29,590,176 reported for fiscal 2024, Schwartz's total was 75.8% lower.
What was Carlyle Group's say-on-pay result?
The say-on-pay proposal drew 81.8% of votes cast for or against in favor at the meeting held June 3, 2026 for fiscal 2025.
Which companies are in Carlyle Group's peer group?
The disclosed peer group includes Apollo Global Management, Inc., Ares Management Corporation, BlackRock Inc., Blackstone Inc. and Blue Owl Capital Inc., among others.
What is Carlyle Group's chief executive pay ratio?
For fiscal 2025, the company reported a chief executive pay ratio of 29:1, against median employee compensation of $250,000.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Kewsong Lee
Former Chief Executive Officer
Departed during or after this year
◇—◇———◇◇
Peter Clare
Chief Investment Officer
◇◇————◇◇
Christopher Finn
Chief Operating Officer
◇◇◇———◇◇
Curtis Buser
Chief Financial Officer
◇◇◇———◇◇
Bruce Larson
Chief Human Resources Officer
◇◇◇———◇◇
William Conway
Interim Chief Executive Officer and Co-Founder
Served on an interim basis
◇——————◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Harvey Schwartz
Chief Executive Officer and Director
◇—◇—◇—◇◇
Bruce Larson
Former Chief Human Resources Officer
Departed during or after this year
◇◇◇———◇◇
Christopher Finn
Chief Operating Officer
◇◇◇———◇◇
Curtis Buser
Former Chief Financial Officer
Departed during or after this year
◇◇◇———◇◇
Jeffrey Ferguson
General Counsel
◇◇◇———◇◇
John Redett
Chief Financial Officer (principal financial officer)
◇◇————◇◇
William Conway
Former Interim Chief Executive Officer
Departed during or after this year
Served on an interim basis
◇——————◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
John Redett
Chief Financial Officer (principal financial officer)
◇◇◇———◇◇
Christopher Finn
Senior Advisor and Former Chief Operating Officer
Departed during or after this year
◇◇◇———◇◇
Harvey Schwartz
Chief Executive Officer and Director
◇—◇—◇—◇◇
Lindsay LoBue
Chief Operating Officer
◇◇◇————◇
Jeffrey Ferguson
General Counsel
◇◇◇———◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
John Redett
Co-President and former Chief Financial Officer
◇◇◇———◇◇
Lindsay LoBue
Chief Operating Officer
◇◇◇————◇
Harvey Schwartz
Chief Executive Officer and Director
◇———◇—◇◇
Jeffrey Ferguson
General Counsel
◇◇◇———◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Christopher Finn—◇—————◇
Jeffrey W. FergusonRSU◇——◇——◇
Jeffrey W. FergusonRSU◇——◇——◇
John C. RedettRSU◇——◇——◇
John C. RedettRSU◇——◇——◇
John C. RedettPSU◇◇◇—◇—◇
Lindsay P. LoBuePSU◇◇◇—◇—◇
Lindsay P. LoBuePSU◇◇◇—◇—◇
Lindsay P. LoBueRSU◇——◇——◇
Lindsay P. LoBueRSU◇——◇——◇
Fiscal 2023, 2024 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Harvey SchwartzRSU◇◇——
RSU◇◇——
John RedettRSU◇◇——
RSU◇◇——
Lindsay LoBueRSU◇◇——
RSU◇◇——
Jeffrey FergusonRSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Severance and change in control

The terms as written in the agreements.
Harvey Schwartz
Chief Executive Officer and Director · Employment agreement · citing a 2026 filing
Severance multiple◇
Severance cash amount◇
Change-in-control multiple◇
Non-compete period◇
Non-solicit period◇
Jeffrey Ferguson
General Counsel · Terms as described in the company’s compensation discussion · citing a 2026 filing
Non-compete period◇
Non-solicit period◇
John Redett
Co-President and former Chief Financial Officer · Terms as described in the company’s compensation discussion
Non-compete period◇
Non-solicit period◇
Lindsay LoBue
Chief Operating Officer · Employment agreement · citing a 2026 filing
Severance multiple◇
Severance base◇
Severance cash amount◇
Non-compete period◇
Non-solicit period◇

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Mark S. Ordan
Lead independent director
◇◇————◇
William J. Shaw
◇◇————◇
Lawton W. Fitt
◇◇————◇
Anthony Welters
◇◇————◇
Derica W. Rice
—◇————◇
Sharda Cherwoo
◇◇————◇
Linda H. Filler
◇◇————◇
Afsaneh Beschloss
◇◇————◇
Harvey M. Schwartz, Dr. Thomas S. Robertson, William E. Conway Jr, David M. Rubenstein, Daniel A. D'Aniello and James H. Hance, Jr served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Board equity retainer◇
Total board retainer◇
Lead independent director premium◇
Audit committee chair◇
Compensation committee chair◇
Nominating and governance chair◇
Equity is delivered as restricted stock units.

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • Apollo Global Management, Inc. APO
  • Ares Management Corporation ARES
  • BlackRock Inc. BLK
  • Blackstone Inc. BX
  • Blue Owl Capital Inc. OWL
  • Brookfield Asset Management Ltd. BAM
  • Jefferies Financial Group Inc. JEF
  • KKR & Co. Inc. KKR
  • Lazard Ltd. LAZ
  • Morgan Stanley MS
  • T. Rowe Price Group, Inc. TROW
  • The Goldman Sachs Group Inc. GS
  • TPG Inc. TPG

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025June 3, 2026=◇◇◇
2024May 29, 2025=◇◇◇
2023May 29, 2024=◇◇◇
2022May 30, 2023=◇◇◇
2021May 31, 2022=◇◇◇
2020June 1, 2021=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇

Ask our research desk — $99, 24h, every figure cited to its filing.

Sample answer — “What is the CEO’s total compensation?”
- Harvey Schwartz (Chief Executive Officer and Director), FY2025 total compensation $7,149,859 (base salary $1,000,000) [exec_comp, SEC accession 0001527166-26-000017, filed 2026-04-23]

See a complete sample report

Answered within 24 hours, every figure cited to its SEC filing. This is a one-off report: no refunds.

Email me this page as a cited PDF — sent in 2 minutes
The same figures, the same citations, formatted to hand to a committee. Nothing is added that is not on this page.
Your address is used for this and nothing else. Unsubscribe in one click.
Tell me when Carlyle Group files
You get a note when this company’s compensation data changes.
Your address is used for this and nothing else. Unsubscribe in one click.

What this page does not include

Everything above is a fact Carlyle Group disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Carlyle Group sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $299
Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $299
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $299
Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion Intelligence
Adviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
Inquire about access
Multiple companies at once
Cross-company views, cohort screens, and data export across the industries we cover. This page is one company; the platform is all of them.
Velarion Intelligence
Join the list for Peer Group Review
Whether Carlyle Group's disclosed peer group is defensible, who names Carlyle Group back in their own benchmarking group, and how pay tracks performance across it. This is the analysis a compensation consultant delivers on the group above. We will email you when it opens.
Your address is used for this and nothing else. Unsubscribe in one click.

Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
218 figures on this page: 212 cited to the filing that reported them, 6 calculated from figures it prints.
212 cited to the filing
6 calculated from the filing

Documents cited

  1. 0001527166-26-000033
  2. 0001527166-26-000017
    CEO Pay Ratio · Compensation Discussion and Analysis · Director Compensation · Director Compensation Table · and 3 more sections
  3. 0001527166-25-000085
  4. 0001527166-25-000032
    Compensation Discussion and Analysis · Named Executive Officer Compensation · Summary Compensation Table
  5. 0001527166-24-000054
  6. 0001527166-24-000044
    Named Executive Officer Compensation · Summary Compensation Table
  7. 0001527166-23-000068
  8. 0001527166-23-000049
    Summary Compensation Table
  9. 0001527166-22-000029
  10. 0001527166-21-000035
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Carlyle Group executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/CG (accessed 2026).
Short form: data: Velarion

The Carlyle Group brief, $299

Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
Both reports for $449.
Get the executive briefGet the board briefNo account needed.
10 filings cited on this page
Method: intel.velarion.ai/methodology
If a report fails to generate we keep working until you have it. No refunds on one-time reports.
Published by Velarion Company Intelligence
Embed this data
A small, cited view of this data for your own page or newsletter. Every embed carries a visible link back here, so the attribution travels with it.
The headline figures, each with its citation.
Connect an AI assistant
Ask your own assistant about Carlyle Group and roughly 3,000 other US public companies, and get back the same figures on this page with the same citations. Free read access, no account. Add this to your assistant's connector settings.
Setup guide and the full list of questions it answers

Asset Management rankings

Chief executive pay — Asset ManagementCEO pay ratio — Asset ManagementSay-on-pay support — Asset Management

Peers Carlyle Group discloses

The companies named in CG's own disclosed peer group.

Apollo Global Management, Inc.Ares Management CorporationBlackRock Inc.Blackstone Inc.Blue Owl Capital Inc.Jefferies Financial Group Inc.KKR & Co. Inc.Lazard Ltd.Morgan StanleyT. Rowe Price Group, Inc.The Goldman Sachs Group Inc.TPG Inc.

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies

Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.

Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
For informational purposes only. Not investment, legal, or compensation advice.  All companies · The Pay Desk · Methodology · Terms · Privacy