Francesca Campbell - Jan 1, 2025 Form 3 Insider Report for CARRIER GLOBAL Corp (CARR)

Role: SVP & Chief Legal Officer
Signature: /s/ Erin O'Neal, as Attorney-in-Fact
Stock symbol: CARR
Transactions as of: Jan 1, 2025
Transactions value $: $0
Form type: 3
Date filed: 1/10/2025, 07:01 PM
Next filing: Feb 5, 2025
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	CARR	Common Stock						2.76K	Jan 1, 2025	Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
holding	CARR	Stock Appreciation Right							Jan 1, 2025	Common Stock	9K	$37.20	Direct	F1
holding	CARR	Stock Appreciation Right							Jan 1, 2025	Common Stock	10.7K	$47.51	Direct	F2
holding	CARR	Stock Appreciation Right							Jan 1, 2025	Common Stock	10.9K	$46.14	Direct	F3
holding	CARR	Stock Appreciation Right							Jan 1, 2025	Common Stock	10K	$56.33	Direct	F4
holding	CARR	Restricted Stock Unit RSU							Jan 1, 2025	Common Stock	9.07K		Direct	F5

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

Explanation of Responses:

Id	Content
F1	These Stock Appreciation Rights (SARs) are currently exercisable.
F2	The reporting person was also awarded 2,415 PSUs under the Carrier Global Corporation 2020 Long-Term Incentive Plan. Each PSU represents a contingent right to receive one share of Carrier Global Corporation common stock. The PSUs vest on the third anniversary of the grant date contingent upon (a) the reporting person's continued employment and (b) Carrier's achievement of pre-established performance targets for earnings per share growth and total shareowner return relative to a subset of industrial companies in the S&P 500 index over a three-year time period.
F3	The reporting person was also awarded 2,755 PSUs under the Carrier Global Corporation 2020 Long-Term Incentive Plan. Each PSU represents a contingent right to receive one share of Carrier Global Corporation common stock. The PSUs vest on the third anniversary of the grant date contingent upon (a) the reporting person's continued employment and (b) Carrier's achievement of pre-established performance targets for earnings per share growth and total shareowner return relative to a subset of industrial companies in the S&P 500 index over a three-year time period.
F4	The reporting person was also awarded 2,590 PSUs under the Carrier Global Corporation 2020 Long-Term Incentive Plan. Each PSU represents a contingent right to receive one share of Carrier Global Corporation common stock. The PSUs vest on the third anniversary of the grant date contingent upon (a) the reporting person's continued employment and (b) Carrier's achievement of pre-established performance targets for earnings per share growth and total shareowner return relative to a subset of industrial companies in the S&P 500 index over a three-year time period.
F5	Each Restricted Stock Unit (RSU), including dividend equivalents that accrue during the vesting period, represents a contingent right to receive one share of Carrier common stock following the vesting date.