David L. Gitlin - 16 May 2023 Form 4 Insider Report for CARRIER GLOBAL Corp (CARR)

Role: Chairman and CEO, Director
Issuer symbol: CARR
Report date: 16 May 2023
Net transaction value: -$3,067,761
Form type: 4
Accepted by SEC: 17 May 2023, 16:16:59 UTC
Previous filing: 16 May 2023
Next filing: 25 May 2023
SEC filing: View on sec.gov
Reporting owner signature: /s/ Mark G. Thompson as Attorney-in-Fact

Key filing fact

David L. Gitlin filed Form 4 for CARRIER GLOBAL Corp (CARR) on 17 May 2023.

Key facts

This page summarizes David L. Gitlin's Form 4 filing for CARRIER GLOBAL Corp (CARR).
2 reported transactions and 0 derivative rows are listed below.
Accepted by SEC: 17 May 2023, 16:16.

Change

Previous filing in this sequence was filed on 16 May 2023.
Current net transaction value: -$3,067,761.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

See Original Filing

Reported transactions

CARR transaction

Common Stock

Award

Transaction value: $0
Shares: +184,960
Change %: +77%
Price: $0.000000
Shares after: 425,478
Date: 16 May 2023
Ownership: Direct
Footnotes: F1

CARR transaction

Common Stock

Tax liability

Transaction value: $3,067,761
Shares: -72,782
Change %: -17%
Price: $42.15
Shares after: 352,696
Date: 16 May 2023
Ownership: Direct

CARR holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 176,397
Date: 16 May 2023
Ownership: By Family Trust

CARR holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 102,374
Date: 16 May 2023
Ownership: By Spouse's Trust

^* indicates a reported price that failed the local validity check.

Explanation of Responses:

Id	Content
F1	The acquisition of shares of Carrier common stock represents the vesting of performance share units (PSUs) previously awarded on May 14, 2020 as part of a founder's grant awarded to the reporting person under the Carrier Global Corporation 2020 Long-Term Incentive Plan. Each PSU has a value equal to one share of Carrier Global Corporation common stock. These PSUs vested solely upon achievement of the pre-established performance target for Carrier's total shareholder return relative to a subset of industrial companies in the S&P 500 index over a three-year time period. The performance criteria was satisfied at the 200% level.

Content

The acquisition of shares of Carrier common stock represents the vesting of performance share units (PSUs) previously awarded on May 14, 2020 as part of a founder's grant awarded to the reporting person under the Carrier Global Corporation 2020 Long-Term Incentive Plan. Each PSU has a value equal to one share of Carrier Global Corporation common stock. These PSUs vested solely upon achievement of the pre-established performance target for Carrier's total shareholder return relative to a subset of industrial companies in the S&P 500 index over a three-year time period. The performance criteria was satisfied at the 200% level.