Carrier (NYSE: CARR) director awarded 3,638 deferred stock units as board pay

Rhea-AI Filing Summary

Carrier Global Corp director Michael M. McNamara received a grant of deferred stock units as part of his annual board compensation. On this Form 4, he was awarded 3,637.9163 Director DSUs, each valued at $58.55, linked to Carrier common stock.

The grant increases his directly held deferred stock units to 43,220.3676. Under Carrier’s Board of Directors Deferred Stock Unit Plan, these DSUs, plus accrued dividend equivalents, convert into an equal number of Carrier common shares when he leaves the board, and are then paid either in a lump sum or in installments, based on his prior election.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider MCNAMARA MICHAEL M

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Director DSU	3,637.916	$58.55	$213K

Holdings After Transaction: Director DSU — 43,220.368 shares (Direct)

Footnotes (1)

1. [object Object]

Key Figures

DSUs granted: 3,637.9163 units Grant value per unit: $58.55 per DSU Total DSUs after grant: 43,220.3676 units +1 more

4 metrics

DSUs granted 3,637.9163 units Director DSU grant on 2026-04-15

Grant value per unit $58.55 per DSU Director DSU grant price

Total DSUs after grant 43,220.3676 units Director’s directly held DSUs following transaction

Underlying common stock 3,637.9163 shares Common shares underlying new DSU award

Key Terms

Deferred Stock Units (DSUs), Carrier Global Corporation Board of Directors Deferred Stock Unit Plan, dividend equivalents, lump-sum, +1 more

5 terms

Deferred Stock Units (DSUs) financial

"The Plan provides for payment of a portion or all of the annual compensation in Deferred Stock Units (DSUs)."

Deferred stock units (DSUs) are a form of long-term pay that promises an employee or director future company shares or cash equal to the share value at a later date, usually after leaving the company or at a set vesting time. Think of them as a delayed paycheck tied to the stock: they align recipients’ interests with long-term share performance and matter to investors because they create potential future dilution and signal how management is rewarded and incentivized.

Carrier Global Corporation Board of Directors Deferred Stock Unit Plan financial

"The reporting person acquired these stock units under the Carrier Global Corporation Board of Directors Deferred Stock Unit Plan (the Plan)..."

dividend equivalents financial

"the DSUs in the director's account under the Plan, including accrued dividend equivalents, are converted..."

Payments tied to employee or contractor equity awards that mirror the cash dividends paid on the company’s stock; they give the holder the same economic benefit as owning the shares without transferring actual shares—often paid in cash or additional award units when the award becomes payable. Investors care because these payments affect a company’s compensation costs, cash flow and potential share dilution, and they signal how management is being rewarded and aligned with shareholders.

lump-sum financial

"are converted into an equal number of shares of Carrier common stock that... are distributed either in a lump-sum or in installments."

installments financial

"are distributed either in a lump-sum or in installments."

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

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

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

MCNAMARA MICHAEL M

(Last) (First) (Middle)

13995 PASTEUR BOULEVARD

(Street)

PALM BEACH GARDENS FLORIDA 33418

(City) (State) (Zip)

UNITED STATES

(Country)

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

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/15/2026

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

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

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

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Director DSU	(1)	04/15/2026		A		3,637.9163		(1)	(1)	Common Stock	3,637.9163	$58.55	43,220.3676	D

Explanation of Responses:

1. The reporting person acquired these stock units under the Carrier Global Corporation Board of Directors Deferred Stock Unit Plan (the Plan) in connection with the reporting person's annual compensation for service as a non-employee director. The Plan provides for payment of a portion or all of the annual compensation in Deferred Stock Units (DSUs). Upon resignation, removal, or retirement from the Board, the DSUs in the director's account under the Plan, including accrued dividend equivalents, are converted into an equal number of shares of Carrier common stock that, at the director's previous election, are distributed either in a lump-sum or in installments.

	/s/ Erin O'Neal as Attorney-in-Fact	04/17/2026
	** 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 4 (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 4: SEC 1474 (03-26)

FAQ

What insider transaction did CARR director Michael McNamara report?

Director Michael McNamara reported receiving 3,637.9163 deferred stock units as part of his annual non-employee director compensation. These Director DSUs track Carrier Global common stock and represent a routine, compensation-related equity award rather than an open-market stock purchase or sale.

How many Carrier (CARR) deferred stock units does McNamara hold after this filing?

After this grant, Michael McNamara holds 43,220.3676 deferred stock units directly. These DSUs accumulate over time under Carrier’s board compensation plan and will eventually convert into an equal number of Carrier common shares when he leaves the board.

What is the value per deferred stock unit granted to the CARR director?

Each deferred stock unit in this grant is valued at $58.55 per unit. The award ties director compensation to Carrier Global’s share value, aligning a portion of his pay with long-term stock performance through stock-based instruments instead of immediate cash.

How does the Carrier (CARR) Board Deferred Stock Unit Plan work?

Under Carrier’s Board Deferred Stock Unit Plan, non-employee directors can receive annual compensation in deferred stock units. Upon resignation, removal, or retirement from the board, accumulated DSUs plus dividend equivalents convert one-for-one into Carrier common shares, delivered in a lump sum or installments.

Does this Form 4 show an open-market buy or sell of CARR shares?

This Form 4 does not show an open-market buy or sell. It reports a grant of deferred stock units as compensation, classified as a derivative award. The director acquires DSUs through the compensation plan rather than purchasing or selling Carrier shares in the market.

When will McNamara receive actual Carrier (CARR) shares from these DSUs?

McNamara will receive Carrier common shares when he resigns, is removed, or retires from the board. At that time, his DSUs, including any credited dividend equivalents, convert into the same number of shares, which are then distributed either in a lump sum or in installments.