David L. Gitlin - 04 Feb 2023 Form 4 Insider Report for CARRIER GLOBAL Corp (CARR)

Role
Chairman and CEO, Director
Signature
/s/ William Langston as Attorney-in-Fact
Issuer symbol
CARR
Transactions as of
04 Feb 2023
Net transactions value
-$1,565,094
Form type
4
Filing time
07 Feb 2023, 15:11:30 UTC
Previous filing
03 Feb 2023
Next filing
14 Feb 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CARR Common Stock Options Exercise $0 +97,849 +97% $0.000000 198,733 04 Feb 2023 Direct F1
transaction CARR Common Stock Tax liability $1,565,094 -33,378 -17% $46.89 165,355 04 Feb 2023 Direct
holding CARR Common Stock 176,397 04 Feb 2023 By Family Trust
holding CARR Common Stock 16,900 04 Feb 2023 By GRAT F2
holding CARR Common Stock 102,374 04 Feb 2023 By Spouse's Trust

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
transaction CARR Restricted Stock Unit RSU Options Exercise $0 -97,849 -100% $0.000000* 0 04 Feb 2023 Common Stock 97,849 Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each Restricted Stock Unit (RSU), including dividend equivalents that accrue during the vesting period, represents a contingent right to receive one share of Carrier Global Corporation common stock. The RSUs vest contingent upon the reporting person's continued employment at the conclusion of the vesting period.
F2 In March 2022, the reporting person's GRAT transferred 11,100 shares to a revocable trust of which the reporting person is settlor, sole trustee and sole beneficiary.
F3 The reporting person was originally granted RSUs on February 4, 2020 by United Technologies Corporation (UTC), the former parent company of the Issuer. These RSUs were converted into RSUs of the Issuer in connection with the spin-off of the Issuer by UTC.