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

Role: Vice President, Controller
Signature: /s/ William Langston as Attorney-in-Fact
Stock symbol: CARR
Transactions as of: Feb 2, 2022
Transactions value $: -$230,599
Form type: 4
Date filed: 2/4/2022, 07:19 PM
Next filing: Feb 14, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CARR	Common Stock	Options Exercise	$0	+5.03K	+41900%	$0.00	5.04K	Feb 3, 2022	Direct	F1
transaction	CARR	Common Stock	Tax liability	-$62.2K	-1.35K	-26.71%	$46.24	3.69K	Feb 3, 2022	Direct
transaction	CARR	Common Stock	Sale	-$168K	-3.68K	-99.68%	$45.73	12	Feb 4, 2022	Direct	F2, F3

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	+21.1K		$0.00	21.1K	Feb 2, 2022	Common Stock	21.1K	$47.51	Direct	F4
transaction	CARR	Restricted Stock Unit RSU	Options Exercise	$0	-5.03K	-100%	$0.00^*	0	Feb 3, 2022	Common Stock	5.03K		Direct	F1, F5, F6

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

Explanation of Responses:

Id	Content
F1	Restricted stock units convert into common stock on a one-for-one basis.
F2	The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 14, 2021.
F3	The price reported in Column 4 is a weighted average price for the shares sold in multiple transactions. The sale prices range from $45.00 to $46.16 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.
F4	The reporting person was also awarded 4,775 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.
F5	The reporting person was granted these RSUs on February 3, 2020 and are the second of three tranches that vest over a three-year period.
F6	Each Restricted Stock Unit (RSU), including dividend equivalents that accrue during the vesting period, represents a contingent right to receive one share of Carrier Global Corporation common stock. The RSUs vest contingent upon the reporting person's continued employment at the conclusion of the vesting period.