David L. Gitlin - May 14, 2023 Form 4 Insider Report for CARRIER GLOBAL Corp (CARR)

Role: Chairman and CEO, Director
Signature: /s/ Mark G. Thompson as Attorney-in-Fact
Stock symbol: CARR
Transactions as of: May 14, 2023
Transactions value $: -$1,444,526
Form type: 4
Date filed: 5/16/2023, 04:12 PM
Previous filing: Apr 5, 2023
Next filing: May 17, 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CARR	Common Stock	Options Exercise	$0	+92.1K	+50.45%	$0.00	275K	May 14, 2023	Direct	F1
transaction	CARR	Common Stock	Tax liability	-$1.44M	-34.1K	-12.41%	$42.40	241K	May 14, 2023	Direct
holding	CARR	Common Stock						176K	May 14, 2023	By Family Trust
holding	CARR	Common Stock						102K	May 14, 2023	By Spouse's Trust

Showing 1 to 4 of 4 entries

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	-92.1K	-100%	$0.00^*	0	May 14, 2023	Common Stock	92.1K	$16.55	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Restricted stock units (RSU) convert into common stock on a one-for-one basis. RSUs include the right to receive dividend equivalents that are credited as additional RSUs. Due to an administrative error, the prior Form 4 reporting the grant of these RSUs specified an exercise price of $16.55.
F2	On May 14, 2020, the reporting person was granted RSUs. These RSUs fully vested on the Transaction Date.