Jurgen Timperman - Feb 2, 2022 Form 4 Insider Report for CARRIER GLOBAL Corp (CARR)

Role: President, Fire & Security
Signature: /s/ William Langston as Attorney-in-Fact
Stock symbol: CARR
Transactions as of: Feb 2, 2022
Transactions value $: $0
Form type: 4
Date filed: 2/4/2022, 05:04 PM
Previous filing: Nov 16, 2021
Next filing: Feb 8, 2022

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	+84.3K		$0.00	84.3K	Feb 2, 2022	Common Stock	84.3K	$47.51	Direct	F1

* 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 19,085 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.

Content

The reporting person was also awarded 19,085 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.