Maximilian Viessmann - Jan 2, 2024 Form 4 Insider Report for CARRIER GLOBAL Corp (CARR)

Role
Director
Signature
/s/ Erin O'Neal, as Attorney-in-Fact
Stock symbol
CARR
Transactions as of
Jan 2, 2024
Transactions value $
$93,000
Form type
4
Date filed
1/4/2024, 09:04 PM
Next filing
Apr 19, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CARR Common Stock Award +58.6M 58.6M Jan 2, 2024 See Footnote F1, F2

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 Director DSU Award $93K +1.65K $56.45 1.65K Jan 2, 2024 Common Stock 1.65K Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 As previously disclosed, on January 2, 2024, Carrier Global Corporation (the "Issuer") completed its previously announced acquisition of the climate solutions business of Viessmann Group GmbH & Co. KG ("Viessmann Group KG"), pursuant to a Share Purchase Agreement (the "Share Purchase Agreement") by and between Viessmann Group KG, the Issuer, and Johann Purchaser GmbH ("Purchaser"), a wholly owned subsidiary of the Issuer. Pursuant to the Share Purchase Agreement, the purchase price paid by Purchaser to Viessmann Group KG consisted of (i) EUR 10.2 billion in cash, and (ii) 58,608,959 shares of the Issuer's common stock, par value $0.01 per share (the "Common Stock"), the acquisition of which is reported herein.
F2 Held by Viessmann Group KG. The reporting person serves as the President and Chief Executive Officer and the controlling stockholder of the sole general partner and sole managing limited partner of Viessmann Group KG, and accordingly may be deemed to beneficially own the shares of Common Stock held by Viessmann Group KG.
F3 The reporting person acquired these stock units under the Carrier Global Corporation Board of Directors Deferred Stock Unit Plan (the "Plan") in connection with the reporting person's annual compensation for service as a non-employee director of the Issuer. The Plan provides for payment of a portion or all of the annual compensation in Deferred Stock Units (DSUs). Upon resignation, removal, or retirement from the board of directors of the Issuer, the DSUs in the director's account under the Plan, including accrued dividend equivalents, are converted into an equal number of shares of Common Stock that, at the director's previous election, are distributed either in a lump-sum or in installments.