David L. Gitlin - 14 May 2023 Form 4 Insider Report for CARRIER GLOBAL Corp (CARR)

Role: Chairman and CEO, Director
Signature: /s/ Mark G. Thompson as Attorney-in-Fact
Issuer symbol: CARR
Transactions as of: 14 May 2023
Net transactions value: -$1,444,526
Form type: 4
Filing time: 16 May 2023, 16:12:39 UTC
Previous filing: 05 Apr 2023
Next filing: 17 May 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	+92,078	+50%	$0.000000	274,587	14 May 2023	Direct	F1
transaction	CARR	Common Stock	Tax liability	$1,444,526	-34,069	-12%	$42.40	240,518	14 May 2023	Direct
holding	CARR	Common Stock						176,397	14 May 2023	By Family Trust
holding	CARR	Common Stock						102,374	14 May 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	-92,078	-100%	$0.000000^*	0	14 May 2023	Common Stock	92,078	$16.55	Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	Restricted stock units (RSU) convert into common stock on a one-for-one basis. RSUs include the right to receive dividend equivalents that are credited as additional RSUs. Due to an administrative error, the prior Form 4 reporting the grant of these RSUs specified an exercise price of $16.55.
F2	On May 14, 2020, the reporting person was granted RSUs. These RSUs fully vested on the Transaction Date.