David L. Gitlin - 04 Feb 2024 Form 4 Insider Report for CARRIER GLOBAL Corp (CARR)

Role: Chairman and CEO, Director
Signature: /s/ Erin O'Neal as Attorney-in-Fact
Issuer symbol: CARR
Transactions as of: 04 Feb 2024
Net transactions value: -$4,712,967
Form type: 4
Filing time: 06 Feb 2024, 16:35:27 UTC
Previous filing: 01 Feb 2024
Next filing: 09 Feb 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CARR	Common Stock	Award	$0	+210,857	+60%	$0.000000	563,812	04 Feb 2024	Direct	F1
transaction	CARR	Common Stock	Tax liability	$4,712,967	-83,004	-15%	$56.78	480,808	04 Feb 2024	Direct
holding	CARR	Common Stock						176,397	04 Feb 2024	By Family Trust
holding	CARR	Common Stock						102,374	04 Feb 2024	By Spouse's Trust

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The acquistion of shares of Carrier common stock represents the vesting of performance share units (PSUs) previously awarded on February 4, 2021 to the reporting person under the Carrier Global Corporation 2020 Long-Term Incentive Plan. Each PSU has a value equal to one share of Carrier Global Corporation common stock. These PSUs vested upon the achievement of the pre-established performance targets for earnings per share growth and total shareholder return relative to a subset of industrial companies in the S&P 500 index over a three-year time period. The performance criteria were satisfied at the 185.5% level.

Content

The acquistion of shares of Carrier common stock represents the vesting of performance share units (PSUs) previously awarded on February 4, 2021 to the reporting person under the Carrier Global Corporation 2020 Long-Term Incentive Plan. Each PSU has a value equal to one share of Carrier Global Corporation common stock. These PSUs vested upon the achievement of the pre-established performance targets for earnings per share growth and total shareholder return relative to a subset of industrial companies in the S&P 500 index over a three-year time period. The performance criteria were satisfied at the 185.5% level.