Jurgen Timperman - Feb 4, 2024 Form 4 Insider Report for CARRIER GLOBAL Corp (CARR)

Role: President, Fire & Security
Signature: /s/ Erin O'Neal as Attorney-in-Fact
Stock symbol: CARR
Transactions as of: Feb 4, 2024
Transactions value $: -$957,368
Form type: 4
Date filed: 2/6/2024, 04:36 PM
Previous filing: Jul 31, 2023
Next filing: May 1, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CARR	Common Stock	Award	$0	+49K		$0.00	49K	Feb 4, 2024	Direct	F1
transaction	CARR	Common Stock	Tax liability	-$957K	-16.9K	-34.43%	$56.78	32.1K	Feb 4, 2024	Direct
holding	CARR	Common Stock						6.75K	Feb 4, 2024	By Family Trust

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

Explanation of Responses:

Id	Content
F1	The acquistion of shares of Carrier common stock represents the vesting of performance share units (PSUs) previously awarded on February 4, 2021 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 upon the achievement of the pre-established performance targets for earnings per share growth and 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 were satisfied at the 185.5% level.

Content

The acquistion of shares of Carrier common stock represents the vesting of performance share units (PSUs) previously awarded on February 4, 2021 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 upon the achievement of the pre-established performance targets for earnings per share growth and 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 were satisfied at the 185.5% level.