Kevin J. O'Connor - Feb 10, 2023 Form 4 Insider Report for CARRIER GLOBAL Corp (CARR)

Role: Senior VP & CLO
Signature: /s/ William Langston as Attorney-in-Fact
Stock symbol: CARR
Transactions as of: Feb 10, 2023
Transactions value $: -$5,514
Form type: 4
Date filed: 2/14/2023, 03:10 PM
Previous filing: Feb 24, 2023
Next filing: Apr 19, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CARR	Common Stock	Options Exercise	$0	+167	+0.4%	$0.00	42.3K	Feb 10, 2023	Direct	F1
transaction	CARR	Common Stock	Options Exercise	$0	+143	+0.34%	$0.00	42.5K	Feb 10, 2023	Direct	F1
transaction	CARR	Common Stock	Tax liability	-$2.56K	-57	-0.13%	$44.83	42.4K	Feb 10, 2023	Direct
transaction	CARR	Common Stock	Tax liability	-$2.96K	-66	-0.16%	$44.83	42.3K	Feb 10, 2023	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	-167	-100%	$0.00^*	0	Feb 10, 2023	Common Stock	167		Direct	F1, F2
transaction	CARR	Restricted Stock Unit RSU	Options Exercise	$0	-143	-100%	$0.00^*	0	Feb 10, 2023	Common Stock	143		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 RSUs on January 2, 2020 by United Technologies Corporation (UTC), the former parent of the issuer. These RSUs were converted into RSUs of the issuer in connection with the spin-off of the issuer by UTC. And on January 3, 2023, the reporting person reported that the previously awarded RSUs, including dividend equivalents, vested and converted to Carrier common stock. Those previously awarded RSUs were entitled to additional dividend equivalents that were not payable until February 10, 2023.
F3	The reporting person was granted RSUs on February 4, 2020 by United Technologies Corporation (UTC), the former parent of the issuer. These RSUs were converted into RSUs of the issuer in connection with the spin-off of the issuer by UTC. And on February 7, 2023, the reporting person reported that the previously awarded RSUs, including dividend equivalents, vested and converted to Carrier common stock. Those previously awarded RSUs were entitled to additional dividend equivalents that were not payable until February 10, 2023.