David L. Gitlin - Jan 30, 2024 Form 4 Insider Report for CARRIER GLOBAL Corp (CARR)

Signature
/s/ Erin O'Neal as Attorney-in-Fact
Stock symbol
CARR
Transactions as of
Jan 30, 2024
Transactions value $
$0
Form type
4
Date filed
2/1/2024, 04:33 PM
Previous filing
Jan 4, 2024
Next filing
Feb 6, 2024

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 Stock Appreciation Right Award $0 +308K $0.00 308K Jan 30, 2024 Common Stock 308K $56.33 Direct F1
transaction CARR Stock Appreciation Right Award $0 +1.73M $0.00 1.73M Jan 30, 2024 Common Stock 1.73M $56.33 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reporting person was also awarded 119,380 Performance Share Units (PSUs) under the Carrier Global Corporation 2020 Long-Term Incentive Plan. Each PSU represents a contingent right to receive one share of Carrier Global Corporation common stock. The PSUs vest on the third anniversary of the grant date contingent upon (a) the reporting person's continued employment and (b) Carrier's achievement of pre-established performance targets for total shareowner return relative to a subset of industrial companies in the S&P 500 index over a three-year time period.
F2 The reporting person was also awarded 446,110 Performance Share Units (PSUs) under the Carrier Global Corporation 2020 Long-Term Incentive Plan. Each PSU represents a contingent right to receive one share of Carrier Global Corporation common stock. The PSUs vest equally on the third, fourth and fifth anniversary of the grant date contingent upon (a) the reporting person's continued employment and (b) Carrier's achievement of pre-established performance targets for earnings per share growth over a three-year time period.