David L. Gitlin - 16 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: 16 May 2023
Net transactions value: -$3,067,761
Form type: 4
Filing time: 17 May 2023, 16:16:59 UTC
Previous filing: 16 May 2023
Next filing: 25 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	Award	$0	+184,960	+77%	$0.000000	425,478	16 May 2023	Direct	F1
transaction	CARR	Common Stock	Tax liability	$3,067,761	-72,782	-17%	$42.15	352,696	16 May 2023	Direct
holding	CARR	Common Stock						176,397	16 May 2023	By Family Trust
holding	CARR	Common Stock						102,374	16 May 2023	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 acquisition of shares of Carrier common stock represents the vesting of performance share units (PSUs) previously awarded on May 14, 2020 as part of a founder's grant awarded 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 solely upon achievement of the pre-established performance target for Carrier's 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 was satisfied at the 200% level.

Content

The acquisition of shares of Carrier common stock represents the vesting of performance share units (PSUs) previously awarded on May 14, 2020 as part of a founder's grant awarded 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 solely upon achievement of the pre-established performance target for Carrier's 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 was satisfied at the 200% level.