Ajay Agrawal - Feb 5, 2022 Form 4 Insider Report for CARRIER GLOBAL Corp (CARR)

Role
Senior VP, Strategy & Services
Signature
/s/ William Langston as Attorney-in-Fact
Stock symbol
CARR
Transactions as of
Feb 5, 2022
Transactions value $
-$237,405
Form type
4
Date filed
2/8/2022, 05:31 PM
Previous filing
Feb 4, 2022
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 +14.2K +34.42% $0.00 55.4K Feb 5, 2022 Direct F1
transaction CARR Common Stock Options Exercise $0 +8.06K +14.53% $0.00 63.5K Feb 5, 2022 Direct F1
transaction CARR Common Stock Tax liability -$94.2K -2.06K -3.24% $45.84 61.4K Feb 5, 2022 Direct
transaction CARR Common Stock Tax liability -$143K -3.12K -5.08% $45.84 58.3K Feb 5, 2022 Direct

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 Restricted Stock Unit RSU Options Exercise $0 -8.06K -100% $0.00* 0 Feb 5, 2022 Common Stock 8.06K Direct F1, F2
transaction CARR RSU P Options Exercise $0 -14.2K -100% $0.00* 0 Feb 5, 2022 Common Stock 14.2K Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 The reporting person was granted these RSUs on February 5, 2019, by United Technologies Corporation (UTC), the former parent company of the issuer.
F3 The reporting person was originally granted Performance Stock Units (PSUs) on February 5, 2019, by UTC. These PSUs were converted to RSUs in connection with the spin-off of the issuer by UTC. The reporting person's prior filing for a transaction on December 21, 2020, reported a reduction in these RSUs otherwise deliverable to satisfy federal tax obligations and identified this security as "Restricted Stock Unit RSU," but for recordkeeping purposes the title of the security has been changed to "RSU P" to reflect that these RSUs were related to the earlier grant of PSUs.