Nadia Villeneuve - May 10, 2024 Form 4 Insider Report for CARRIER GLOBAL Corp (CARR)

Role: Senior VP & CHRO
Signature: /s/ Erin O'Neal as Attorney-in-Fact
Stock symbol: CARR
Transactions as of: May 10, 2024
Transactions value $: -$6,437,538
Form type: 4
Date filed: 5/14/2024, 05:48 PM
Previous filing: Feb 6, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CARR	Common Stock	Options Exercise	$1.69M	+79K	+71.77%	$21.43	189K	May 10, 2024	Direct	F1
transaction	CARR	Common Stock	Options Exercise	$180K	+11.2K	+5.95%	$15.98	200K	May 10, 2024	Direct	F1
transaction	CARR	Common Stock	Options Exercise	$199K	+10.7K	+5.36%	$18.53	211K	May 10, 2024	Direct	F1
transaction	CARR	Common Stock	Options Exercise	$113K	+5.87K	+2.78%	$19.24	217K	May 10, 2024	Direct	F1
transaction	CARR	Common Stock	Tax liability	-$2.18M	-33.4K	-15.39%	$65.43	183K	May 10, 2024	Direct
transaction	CARR	Common Stock	Sale	-$6.44M	-98.4K	-53.65%	$65.40	85K	May 10, 2024	Direct	F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Date	Underlying Class	Amount	Exercise Price	Ownership
transaction	CARR	Stock Appreciation Right	Options Exercise	$0	-5.87K	-100%	$0.00^*	May 10, 2024	Common Stock	5.87K	$19.24	Direct
transaction	CARR	Stock Appreciation Right	Options Exercise	$0	-79K	-100%	$0.00^*	May 10, 2024	Common Stock	79K	$21.43	Direct
transaction	CARR	Stock Appreciation Right	Options Exercise	$0	-10.7K	-100%	$0.00^*	May 10, 2024	Common Stock	10.7K	$18.53	Direct
transaction	CARR	Stock Appreciation Right	Options Exercise	$0	-11.2K	-100%	$0.00^*	May 10, 2024	Common Stock	11.2K	$15.98	Direct

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

Explanation of Responses:

Id	Content
F1	The Stock Appreciation Rights (SARs) were settled in shares in accordance with terms of the award. For Section 16 reporting purposes, the exercise of SARs for stock is treated as an exempt acquisition of the shares underlying the SARs at the exercise price per share specified in the award of SARs and a simultaneous sale back to the issuer of a number of the underlying shares having a value, based on the market price of the issuer's stock on the date of the exercise, equal to the product of the number of underlying SARs times the exercise price per share.
F2	The price reported in Column 4 is a weighted average price for shares sold in multiple transactions. The sale prices range from $65.27 to $65.53 per share. The reporting person has provided to the issuer, and undertakes to provide to the Commission staff or a security holder of the issuer, upon request, full information regarding the number of shares sold at each separate price within the range.

Content

The Stock Appreciation Rights (SARs) were settled in shares in accordance with terms of the award. For Section 16 reporting purposes, the exercise of SARs for stock is treated as an exempt acquisition of the shares underlying the SARs at the exercise price per share specified in the award of SARs and a simultaneous sale back to the issuer of a number of the underlying shares having a value, based on the market price of the issuer's stock on the date of the exercise, equal to the product of the number of underlying SARs times the exercise price per share.

The price reported in Column 4 is a weighted average price for shares sold in multiple transactions. The sale prices range from $65.27 to $65.53 per share. The reporting person has provided to the issuer, and undertakes to provide to the Commission staff or a security holder of the issuer, upon request, full information regarding the number of shares sold at each separate price within the range.