Carrier Global (CARR) director awarded Deferred Stock Units as board compensation

Rhea-AI Filing Summary

Carrier Global Corp director Michael Todman reported a compensation-related equity grant. He acquired 3,637.9163 Director Deferred Stock Units (DSUs) tied to Carrier common stock at a reference value of $58.55 per unit as part of his annual non-employee director compensation.

Under Carrier’s Board of Directors Deferred Stock Unit Plan, these DSUs, plus accrued dividend equivalents, will convert into an equal number of Carrier common shares when he resigns, is removed, or retires from the Board, and will then be distributed in a lump sum or installments as previously elected. After this grant, Todman holds a total of 37,033.5552 DSUs directly.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider TODMAN MICHAEL

Role Director

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

Holdings After Transaction: Director DSU — 37,033.555 shares (Direct)

Footnotes (1)

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Key Figures

DSUs granted: 3,637.9163 units Reference price per DSU: $58.55 Total DSUs after grant: 37,033.5552 units +1 more

4 metrics

DSUs granted 3,637.9163 units Director Deferred Stock Units granted as annual compensation

Reference price per DSU $58.55 Transaction price per unit for the DSU grant

Total DSUs after grant 37,033.5552 units Director’s DSU balance following the reported transaction

Conversion price $0.00 Conversion or exercise price for the Director DSUs

Key Terms

Deferred Stock Units, Board of Directors Deferred Stock Unit Plan, dividend equivalents

3 terms

Deferred Stock Units financial

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

Deferred stock units are promises from a company to give an employee shares of stock at a future date, often after certain conditions are met or after leaving the company. They function like a form of delayed compensation, allowing employees to earn shares over time. For investors, they represent potential future ownership in the company, but do not provide immediate voting rights or dividends until the shares are actually received.

Board of Directors Deferred Stock Unit Plan financial

"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.

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^*

TODMAN MICHAEL

(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	37,033.5552	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 did Carrier Global (CARR) director Michael Todman report on this Form 4?

Michael Todman reported receiving 3,637.9163 Director Deferred Stock Units as part of his annual compensation for serving as a non-employee director. These units track Carrier Global common stock and are granted under the company’s Board of Directors Deferred Stock Unit Plan.

Is Michael Todman buying or selling Carrier Global (CARR) stock in this filing?

He is not buying or selling shares in the market; he is receiving an equity award. The filing shows a grant of Deferred Stock Units as compensation, classified as an acquisition under a grant or award, rather than an open-market purchase or sale.

How many Deferred Stock Units did Michael Todman receive from Carrier Global (CARR)?

He received 3,637.9163 Director Deferred Stock Units. These units are credited to his account under the Carrier Global Corporation Board of Directors Deferred Stock Unit Plan as part of his annual compensation for service as a non-employee director.

What is Michael Todman’s total DSU position in Carrier Global (CARR) after this grant?

After this grant, Michael Todman holds 37,033.5552 Director Deferred Stock Units directly. This total reflects the newly granted 3,637.9163 units plus his prior DSU balance as reported in the Form 4 transaction details.

When will Michael Todman’s Carrier Global (CARR) DSUs convert into common stock?

The DSUs convert when he resigns, is removed, or retires from the Board. At that time, the units, including accrued dividend equivalents, become an equal number of Carrier common shares, paid either in a lump sum or installments based on his prior election.

What is the Carrier Global (CARR) Board of Directors Deferred Stock Unit Plan?

It is a plan allowing non-employee directors to receive part or all of their annual compensation in Deferred Stock Units. These DSUs accumulate dividend equivalents and later convert into an equal number of Carrier common shares upon the director’s departure from the Board.