David L. Gitlin - Feb 5, 2022 Form 4 Insider Report for CARRIER GLOBAL Corp (CARR)

Role
Chairman and CEO, Director
Signature
/s/ William Langston as Attorney-in-Fact
Stock symbol
CARR
Transactions as of
Feb 5, 2022
Transactions value $
-$2,140,132
Form type
4
Date filed
2/8/2022, 05:32 PM
Previous filing
Feb 4, 2022
Next filing
Jun 29, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CARR Common Stock Options Exercise $0 +134K +4581.68% $0.00 136K Feb 5, 2022 Direct F1
transaction CARR Common Stock Tax liability -$2.14M -46.7K -34.21% $45.84 89.8K Feb 5, 2022 Direct
holding CARR Common Stock 176K Feb 5, 2022 By Family Trust F2
holding CARR Common Stock 28K Feb 5, 2022 By GRAT
holding CARR Common Stock 102K Feb 5, 2022 By Spouse's Trust

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 RSU P Options Exercise $0 -134K -100% $0.00* 0 Feb 5, 2022 Common Stock 134K 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 In December 2021, the reporting person's spouse's trust contributed these 176,397 shares to a family trust for which the reporting person serves as trustee.
F3 The reporting person was originally granted Performance Stock Units (PSUs) on February 5, 2019, by United Technologies Corporation (UTC), the former parent company of the issuer. These PSUs were converted to RSUs in connection with the spin-off of the issuer by UTC.