David Appel - Aug 4, 2021 Form 4 Insider Report for CARRIER GLOBAL Corp (CARR)

Role: President, Refrigeration
Signature: /s/ William Langston as Attorney-in-Fact
Stock symbol: CARR
Transactions as of: Aug 4, 2021
Transactions value $: -$1,965,582
Form type: 4
Date filed: 8/6/2021, 07:20 AM

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CARR	Common Stock	Options Exercise	$731K	+38.9K	+94.63%	$18.81	79.9K	Aug 4, 2021	Direct	F1
transaction	CARR	Common Stock	Options Exercise	$151K	+10.7K	+13.42%	$14.05	90.7K	Aug 4, 2021	Direct	F1
transaction	CARR	Common Stock	Disposed to Issuer	-$151K	-2.62K	-2.89%	$57.50	88K	Aug 4, 2021	Direct
transaction	CARR	Common Stock	Sale	-$465K	-8.11K	-9.21%	$57.38	79.9K	Aug 4, 2021	Direct	F2
transaction	CARR	Common Stock	Disposed to Issuer	-$731K	-12.7K	-15.9%	$57.50	67.2K	Aug 4, 2021	Direct
transaction	CARR	Common Stock	Sale	-$1.5M	-26.2K	-38.91%	$57.38	41.1K	Aug 4, 2021	Direct	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	Stock Appreciation Right	Options Exercise	$0	-10.7K	-100%	$0.00^*	0	Aug 4, 2021	Common Stock	10.7K	$14.05	Direct
transaction	CARR	Stock Appreciation Right	Options Exercise	$0	-38.9K	-100%	$0.00^*	0	Aug 4, 2021	Common Stock	38.9K	$18.81	Direct

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

Explanation of Responses:

Id	Content
F1	The Stock Appreciation Rights (SARs) were settled in shares in accordance with terms of the award. For Section 16 reporting purposes, the exercise of SARs for stock is treated as an exempt acquisition of the shares underlying the SARs at the exercise price per share specified in the award of SARs and a simultaneous sale back to the issuer of a number of the underlying shares having a value, based on the market price of the issuer's stock on the date of the exercise, equal to the product of the number of underlying SARs times the exercise price per share.
F2	The price reported in Column 4 is a weighted average price for shares sold in multiple transactions. The sale prices range from $57.275 to $57.49 per share. The reporting person has provided to the issuer, and undertakes to provide to the Commission staff or a security holder of the issuer, upon request, full information regarding the number of shares sold at each separate price within the range.

Content

The Stock Appreciation Rights (SARs) were settled in shares in accordance with terms of the award. For Section 16 reporting purposes, the exercise of SARs for stock is treated as an exempt acquisition of the shares underlying the SARs at the exercise price per share specified in the award of SARs and a simultaneous sale back to the issuer of a number of the underlying shares having a value, based on the market price of the issuer's stock on the date of the exercise, equal to the product of the number of underlying SARs times the exercise price per share.

The price reported in Column 4 is a weighted average price for shares sold in multiple transactions. The sale prices range from $57.275 to $57.49 per share. The reporting person has provided to the issuer, and undertakes to provide to the Commission staff or a security holder of the issuer, upon request, full information regarding the number of shares sold at each separate price within the range.