David L. Gitlin - Feb 4, 2023 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 4, 2023
Transactions value $: -$1,565,094
Form type: 4
Date filed: 2/7/2023, 03:11 PM
Previous filing: Feb 3, 2023
Next filing: Feb 14, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CARR	Common Stock	Options Exercise	$0	+97.8K	+96.99%	$0.00	199K	Feb 4, 2023	Direct	F1
transaction	CARR	Common Stock	Tax liability	-$1.57M	-33.4K	-16.8%	$46.89	165K	Feb 4, 2023	Direct
holding	CARR	Common Stock						176K	Feb 4, 2023	By Family Trust
holding	CARR	Common Stock						16.9K	Feb 4, 2023	By GRAT	F2
holding	CARR	Common Stock						102K	Feb 4, 2023	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	Restricted Stock Unit RSU	Options Exercise	$0	-97.8K	-100%	$0.00^*	0	Feb 4, 2023	Common Stock	97.8K		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 March 2022, the reporting person's GRAT transferred 11,100 shares to a revocable trust of which the reporting person is settlor, sole trustee and sole beneficiary.
F3	The reporting person was originally granted RSUs on February 4, 2020 by United Technologies Corporation (UTC), the former parent company of the Issuer. These RSUs were converted into RSUs of the Issuer in connection with the spin-off of the Issuer by UTC.