Gaurang Pandya - Dec 22, 2024 Form 3 Insider Report for CARRIER GLOBAL Corp (CARR)

Role
President, HVAC Americas and Commercial HVAC EMEA \\ Exhibit 24.1 - Power of Attorney
Signature
/s/ Erin O'Neal, as Attorney-in-Fact
Stock symbol
CARR
Transactions as of
Dec 22, 2024
Transactions value $
$0
Form type
3
Date filed
12/30/2024, 08:00 PM

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
holding CARR Stock Appreciation Right Dec 22, 2024 Common Stock 24.1K $25.58 Direct F1
holding CARR Stock Appreciation Right Dec 22, 2024 Common Stock 23.4K $38.33 Direct F1
holding CARR Stock Appreciation Right Dec 22, 2024 Common Stock 23.7K $47.51 Direct F2
holding CARR Restricted Stock Unit RSU Dec 22, 2024 Common Stock 18.5K Direct F3
holding CARR Stock Appreciation Right Dec 22, 2024 Common Stock 31.8K $46.14 Direct F4
holding CARR Restricted Stock Unit RSU Dec 22, 2024 Common Stock 48.6K Direct F3
holding CARR Restricted Stock Unit RSU Dec 22, 2024 Common Stock 60.4K Direct F3
holding CARR Stock Appreciation Right Dec 22, 2024 Common Stock 74.9K $56.33 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These Stock Appreciation Rights (SARs) are currently exercisable.
F2 The reporting person was also awarded 5,365 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 earnings per share growth and total shareowner return relative to a subset of industrial companies in the S&P 500 index over a three-year time period.
F3 Each Restricted Stock Unit (RSU), including dividend equivalents that accrue during the vesting period, represents a contingent right to receive one share of Carrier common stock following the vesting date.
F4 The reporting person was also awarded 8,025 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 earnings per share growth and total shareowner return relative to a subset of industrial companies in the S&P 500 index over a three-year time period.
F5 The reporting person was also awarded 19,365 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 earnings per share growth and total shareowner return relative to a subset of industrial companies in the S&P 500 index over a three-year time period.

Remarks:

President, HVAC Americas and Commercial HVAC EMEA \\ Exhibit 24.1 - Power of Attorney