Carrier Global executive reports SAR and PSU awards

Carrier Global Corporation officer Thomas Donato, President, Climate Solutions Europe, reports initial derivative equity holdings.

Rhea-AI Filing Summary

Carrier Global Corporation officer Thomas Donato, President, Climate Solutions Europe, reports initial derivative equity holdings. He holds a Stock Appreciation Right tied to 40,025 shares of common stock with a $72.0700 exercise price, exercisable from 2029 and expiring in 2036. He was also awarded 12,270 Performance Share Units, each a contingent right to one share that vests on the third anniversary of the grant date, contingent on continued employment and Carrier achieving pre-established earnings-per-share growth and total shareowner return targets over a three-year period relative to certain S&P 500 industrial companies.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Donato Thomas

Role President, CSE

Type	Security	Shares	Price	Value
holding	Stock Appreciation Right F1	--	--	--

Holdings After Transaction: Stock Appreciation Right — 40,025 contracts (Direct)

Footnotes (1)

1. F1. The reporting person was also awarded 12,270 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.

Key Figures

SAR underlying shares: 40025.0000 shares SAR exercise price: $72.0700 per share SAR exercise date: 2029-07-01 +3 more

6 metrics

SAR underlying shares 40025.0000 shares Underlying common shares for Thomas Donato’s Stock Appreciation Right

SAR exercise price $72.0700 per share Exercise price for the Stock Appreciation Right

SAR exercise date 2029-07-01 Earliest exercise date for the Stock Appreciation Right

SAR expiration date 2036-06-30 Expiration date for the Stock Appreciation Right

Performance Share Units 12,270 units PSUs awarded under the Carrier Global Corporation 2020 Long-Term Incentive Plan

PSU performance period 3 years Period over which EPS growth and total shareowner return targets are measured

Key Terms

Stock Appreciation Right, Performance Share Units, total shareowner return, Long-Term Incentive Plan

4 terms

Stock Appreciation Right financial

"Security reported as a <b>Stock Appreciation Right</b> over common stock"

A stock appreciation right (SAR) is a form of employee pay that gives the holder the right to receive the increase in a company's share price over a set reference price, paid in cash or shares, without having to buy stock first. It matters to investors because SARs can create future cash outflows or dilute existing shareholders if settled in stock, and they align employee incentives with share-price performance like a bonus tied to a home's price rise.

Performance Share Units financial

"The reporting person was also awarded 12,270 <b>Performance Share Units</b> (PSUs)"

Performance share units are a type of company stock award given to employees that depend on the company meeting specific goals or targets. If these goals are achieved, the employee receives shares or the value of shares; if not, they may receive little or no compensation. This aligns employees’ interests with the company's success and encourages performance that benefits investors.

total shareowner return financial

"pre-established performance targets for earnings per share growth and <b>total shareowner return</b>"

Long-Term Incentive Plan financial

"awarded 12,270 PSUs under the Carrier Global Corporation 2020 <b>Long-Term Incentive Plan</b>"

A long-term incentive plan is a company program that pays executives or employees with stock, options, or cash tied to multi-year performance goals, where the rewards become theirs only after meeting conditions over time. Think of it as a delayed bonus or retirement-style reward that aligns employees’ interests with shareholders by encouraging them to boost long-term value; investors watch these plans because they affect pay costs, share dilution and management incentives.

FAQ

What equity holdings does Carrier Global (CARR) executive Thomas Donato report?

Thomas Donato reports a Stock Appreciation Right over Carrier Global common stock and 12,270 Performance Share Units. The SAR is tied to 40,025 underlying shares, while each PSU represents a contingent right to receive one share of Carrier Global common stock.

How many shares underlie Thomas Donato’s Stock Appreciation Right at Carrier Global (CARR)?

The Stock Appreciation Right is linked to 40,025 underlying shares of Carrier Global common stock. Its value depends on stock price appreciation above the exercise price, rather than delivering the full underlying share count as common stock.

What is the exercise price and term of Donato’s Stock Appreciation Right at Carrier Global (CARR)?

The Stock Appreciation Right carries a $72.0700 per share exercise price and is exercisable beginning 2029-07-01, expiring on 2036-06-30. This defines the window during which any stock price appreciation can be realized under the award.

How do the Performance Share Units reported at Carrier Global (CARR) vest?

The 12,270 Performance Share Units vest on the third anniversary of the grant date. Vesting is contingent on Donato’s continued employment and Carrier meeting pre-established earnings-per-share growth and relative total shareowner return performance targets over a three-year period.

What performance metrics affect the Carrier Global (CARR) PSUs held by Thomas Donato?

The PSUs depend on earnings-per-share growth and total shareowner return relative to a subset of S&P 500 industrial companies over three years. Both continued employment and achievement of these pre-set performance targets are required for the units to vest into shares.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 07/24/2026 - 04:39 PM Accepted by SEC EDGAR 07/24/2026 - 04:38 PM Learn about SEC filing dates

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

Donato Thomas

(Last) (First) (Middle)

13995 PASTEUR BOULEVARD

(Street)

PALM BEACH GARDENS FLORIDA 33418

(City) (State) (Zip)

UNITED STATES

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
07/24/2026

3. Issuer Name and Ticker or Trading Symbol
CARRIER GLOBAL Corp [ CARR ]

3a. Foreign Trading Symbol

5. If Amendment, Date of Original Filed (Month/Day/Year)

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President, CSE

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Appreciation Right	07/01/2029	06/30/2036	Common Stock	40,025(1)	$72.07	D

Explanation of Responses:

1. The reporting person was also awarded 12,270 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 Europe (CSE) \\ Exhibit 24.1 - Power of Attorney

	/s/ Erin O'Neal as Attorney-in-Fact	07/24/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 3: SEC 1473 (03-26)