David L. Gitlin - 10 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: 10 Feb 2023
Net transactions value: -$6,724
Form type: 4
Filing time: 14 Feb 2023, 15:09:23 UTC
Previous filing: 07 Feb 2023
Next filing: 05 Apr 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	+404	+0.24%	$0.000000	165,759	10 Feb 2023	Direct	F1
transaction	CARR	Common Stock	Tax liability	$6,724	-150	-0.09%	$44.83	165,609	10 Feb 2023	Direct
holding	CARR	Common Stock						176,397	10 Feb 2023	By Family Trust
holding	CARR	Common Stock						16,900	10 Feb 2023	By GRAT
holding	CARR	Common Stock						102,374	10 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	-404	-100%	$0.000000^*	0	10 Feb 2023	Common Stock	404		Direct	F1, F2

* 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	The reporting person was granted RSUs on February 4, 2020 by United Technologies Corporation (UTC), the former parent of the issuer. These RSUs were converted into RSUs of the issuer in connection with the spin-off of the issuer by UTC. And on February 7, 2023, the reporting person reported that the previously awarded RSUs, including dividend equivalents, vested and converted to Carrier common stock. Those previously awarded RSUs were entitled to additional dividend equivalents that were not payable until February 10, 2023.

Content

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.

The reporting person was granted RSUs on February 4, 2020 by United Technologies Corporation (UTC), the former parent of the issuer. These RSUs were converted into RSUs of the issuer in connection with the spin-off of the issuer by UTC. And on February 7, 2023, the reporting person reported that the previously awarded RSUs, including dividend equivalents, vested and converted to Carrier common stock. Those previously awarded RSUs were entitled to additional dividend equivalents that were not payable until February 10, 2023.