Kevin J. O'Connor - May 16, 2023 Form 4 Insider Report for CARRIER GLOBAL Corp (CARR)

Signature
/s/ Mark G. Thompson as Attorney-in-Fact
Stock symbol
CARR
Transactions as of
May 16, 2023
Transactions value $
-$1,022,728
Form type
4
Date filed
5/17/2023, 04:16 PM
Previous filing
May 8, 2023
Next filing
May 26, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CARR Common Stock Award $0 +61.7K +123.97% $0.00 111K May 16, 2023 Direct F1
transaction CARR Common Stock Tax liability -$1.02M -24.3K -21.78% $42.15 87.1K May 16, 2023 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The acquisition of shares of Carrier common stock represents the vesting of performance share units (PSUs) previously awarded on May 14, 2020 as part of a founder's grant awarded 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 solely upon achievement of the pre-established performance target for Carrier's 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 was satisfied at the 200% level.