Christopher John Nelson - Feb 5, 2022 Form 4 Insider Report for CARRIER GLOBAL Corp (CARR)

Role: President, HVAC
Signature: /s/ William Langston as Attorney-in-Fact
Stock symbol: CARR
Transactions as of: Feb 5, 2022
Transactions value $: -$840,201
Form type: 4
Date filed: 2/8/2022, 05:42 PM
Previous filing: Feb 4, 2022
Next filing: Jun 16, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CARR	Common Stock	Options Exercise	$0	+50.4K	+3092.21%	$0.00	52K	Feb 5, 2022	Direct	F1
transaction	CARR	Common Stock	Tax liability	-$840K	-18.3K	-35.23%	$45.84	33.7K	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	RSU P	Options Exercise	$0	-50.4K	-100%	$0.00^*	0	Feb 5, 2022	Common Stock	50.4K		Direct	F1, F2

* 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 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. 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.

Content

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.

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. 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.