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

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

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.