David L. Gitlin - May 16, 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 16, 2023
Transactions value $: -$3,067,761
Form type: 4
Date filed: 5/17/2023, 04:16 PM
Previous filing: May 16, 2023
Next filing: May 25, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CARR	Common Stock	Award	$0	+185K	+76.9%	$0.00	425K	May 16, 2023	Direct	F1
transaction	CARR	Common Stock	Tax liability	-$3.07M	-72.8K	-17.11%	$42.15	353K	May 16, 2023	Direct
holding	CARR	Common Stock						176K	May 16, 2023	By Family Trust
holding	CARR	Common Stock						102K	May 16, 2023	By Spouse's Trust

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

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.