David L. Gitlin - 30 Jan 2024 Form 4 Insider Report for CARRIER GLOBAL Corp (CARR)

Role: Chairman and CEO, Director
Signature: /s/ Erin O'Neal as Attorney-in-Fact
Issuer symbol: CARR
Transactions as of: 30 Jan 2024
Net transactions value: $0
Form type: 4
Filing time: 01 Feb 2024, 16:33:18 UTC
Previous filing: 04 Jan 2024
Next filing: 06 Feb 2024
SEC: View on sec.gov

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	Stock Appreciation Right	Award	$0	+307,800		$0.000000	307,800	30 Jan 2024	Common Stock	307,800	$56.33	Direct	F1
transaction	CARR	Stock Appreciation Right	Award	$0	+1,725,330		$0.000000	1,725,330	30 Jan 2024	Common Stock	1,725,330	$56.33	Direct	F2

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

Explanation of Responses:

Id	Content
F1	The reporting person was also awarded 119,380 Performance Share Units (PSUs) under the Carrier Global Corporation 2020 Long-Term Incentive Plan. Each PSU represents a contingent right to receive one share of Carrier Global Corporation common stock. The PSUs vest on the third anniversary of the grant date contingent upon (a) the reporting person's continued employment and (b) Carrier's achievement of pre-established performance targets for total shareowner return relative to a subset of industrial companies in the S&P 500 index over a three-year time period.
F2	The reporting person was also awarded 446,110 Performance Share Units (PSUs) under the Carrier Global Corporation 2020 Long-Term Incentive Plan. Each PSU represents a contingent right to receive one share of Carrier Global Corporation common stock. The PSUs vest equally on the third, fourth and fifth anniversary of the grant date contingent upon (a) the reporting person's continued employment and (b) Carrier's achievement of pre-established performance targets for earnings per share growth over a three-year time period.

Content

The reporting person was also awarded 119,380 Performance Share Units (PSUs) under the Carrier Global Corporation 2020 Long-Term Incentive Plan. Each PSU represents a contingent right to receive one share of Carrier Global Corporation common stock. The PSUs vest on the third anniversary of the grant date contingent upon (a) the reporting person's continued employment and (b) Carrier's achievement of pre-established performance targets for total shareowner return relative to a subset of industrial companies in the S&P 500 index over a three-year time period.

The reporting person was also awarded 446,110 Performance Share Units (PSUs) under the Carrier Global Corporation 2020 Long-Term Incentive Plan. Each PSU represents a contingent right to receive one share of Carrier Global Corporation common stock. The PSUs vest equally on the third, fourth and fifth anniversary of the grant date contingent upon (a) the reporting person's continued employment and (b) Carrier's achievement of pre-established performance targets for earnings per share growth over a three-year time period.