David L. Gitlin - 24 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: 24 May 2023
Net transactions value: -$6,319
Form type: 4
Filing time: 25 May 2023, 17:20:46 UTC
Previous filing: 17 May 2023
Next filing: 06 Jul 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	+412	+0.12%	$0.000000	353,108	24 May 2023	Direct	F1
transaction	CARR	Common Stock	Tax liability	$6,319	-153	-0.04%	$41.30	352,955	24 May 2023	Direct
holding	CARR	Common Stock						176,397	24 May 2023	By Family Trust
holding	CARR	Common Stock						102,374	24 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	-412	-100%	$0.000000^*	0	24 May 2023	Common Stock	412		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.
F2	The reporting person was granted RSUs on May 14, 2020. And on May 14, 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 May 24, 2023.