Patrick P. Goris - Jan 30, 2024 Form 4 Insider Report for CARRIER GLOBAL Corp (CARR)

Role: Senior VP & CFO
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, 04:34 PM
Previous filing: Dec 8, 2023
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	+77.3K		$0.00	77.3K	Jan 30, 2024	Common Stock	77.3K	$56.33	Direct	F1
transaction	CARR	Stock Appreciation Right	Award	$0	+173K		$0.00	173K	Jan 30, 2024	Common Stock	173K	$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 29,980 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 44,615 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.

Content

The reporting person was also awarded 29,980 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.

The reporting person was also awarded 44,615 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.