Edward C. Dryden - 01 May 2025 Form 3 Insider Report for CARRIER GLOBAL Corp (CARR)

Role: President, CST
Signature: /s/ Erin O'Neal as Attorney-in-Fact
Issuer symbol: CARR
Transactions as of: 01 May 2025
Transactions value $: $0
Form type: 3
Filing time: 09 May 2025, 17:25:56 UTC
Next filing: 03 Jul 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Dryden Edward C.	President, CST	13995 PASTEUR BOULEVARD, PALM BEACH GARDENS	/s/ Erin O'Neal as Attorney-in-Fact	09 May 2025	0002065960

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

Type	Sym	Class	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
holding	CARR	Restricted Stock Unit RSU	01 May 2025	Common Stock	6.73K		Direct	F1
holding	CARR	Restricted Stock Unit RSU	01 May 2025	Common Stock	6.73K		Direct	F1
holding	CARR	Restricted Stock Unit RSU	01 May 2025	Common Stock	6.73K		Direct	F1
holding	CARR	Restricted Stock Unit RSU	01 May 2025	Common Stock	16.2K		Direct	F1
holding	CARR	Stock Appreciation Right	01 May 2025	Common Stock	26.2K	$61.90	Direct
holding	CARR	Stock Appreciation Right	01 May 2025	Common Stock	26.2K	$61.90	Direct
holding	CARR	Stock Appreciation Right	01 May 2025	Common Stock	26.2K	$61.90	Direct
holding	CARR	Stock Appreciation Right	01 May 2025	Common Stock	57.3K	$65.21	Direct	F2

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

Explanation of Responses:

Id	Content
F1	Each Restricted Stock Unit (RSU), including dividend equivalents that accrue during the vesting period, represents a contingent right to receive one share of Carrier common stock following the vest date.
F2	The reporting person was also awarded 15,690 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 earnings per share growth and total shareowner return relative to a subset of industrial companies in the S&P 500 index over a three-year time period.

Content

Each Restricted Stock Unit (RSU), including dividend equivalents that accrue during the vesting period, represents a contingent right to receive one share of Carrier common stock following the vest date.

The reporting person was also awarded 15,690 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 earnings per share growth and total shareowner return relative to a subset of industrial companies in the S&P 500 index over a three-year time period.

Remarks:

President, Climate Solutions Transportation (CST) \\ Exhibit 24.1 - Power of Attorney