Carrier executive exercises 6,894 RSUs
Carrier Global Corp executive Edward C. Dryden reported routine equity compensation activity involving restricted stock units (RSUs) and related tax withholding.
Rhea-AI Filing Summary
Carrier Global Corp executive Edward C. Dryden reported routine equity compensation activity involving restricted stock units (RSUs) and related tax withholding. On the transaction date, RSUs covering 6,894 shares of common stock were exercised and converted into common shares on a one-for-one basis.
To satisfy tax obligations, 2,147 common shares were disposed of as a tax-withholding transaction at a reference price of $72.07 per share, rather than sold in the open market. After these transactions, Dryden directly held 9,358 shares of Carrier Global common stock. The RSU award, originally granted on July 1, 2024, fully vested on the transaction date and RSUs included the right to receive dividend equivalents credited as additional RSUs.
Positive
- None.
Negative
- None.
Insider Trade Summary
6,894 shares exercised/converted
Exercise
3 txns
Insider
Dryden Edward C.
Role
President, CST
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit RSU | 6,894 | $0.00 | $0.00 |
| Exercise | Common Stock | 6,894 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 2,147 | $72.07 | $155K |
Holdings After Transaction:
Restricted Stock Unit RSU — 0 contracts (Direct);
Common Stock — 9,358 shares (Direct)
Footnotes (2)
- F1. Restricted stock units (RSUs) convert into common stock on a one-for-one basis. RSUs include the right to receive dividend equivalents that are credited as additional RSUs.
- F2. On July 1, 2024, the reporting person was granted RSUs. These RSUs fully vested on the Transaction Date.
Key Figures
RSUs exercised: 6,894 units
Tax-withholding shares: 2,147 shares
Withholding reference price: $72.07 per share
+3 more
6 metrics
RSUs exercised
6,894 units
Restricted stock units converting into common stock on transaction date
Tax-withholding shares
2,147 shares
Shares disposed of to cover tax liability
Withholding reference price
$72.07 per share
Price used for tax-withholding disposition of common stock
Shares held after transactions
9,358 shares
Carrier Global common stock directly owned post-transaction
Common shares from RSUs
6,894 shares
One-for-one RSU conversion into Carrier Global common stock
Derivative transactions
1 transaction
RSU derivative entry converting into common stock
Key Terms
Restricted stock units (RSUs), dividend equivalents, tax-withholding disposition, derivative security
4 terms
Restricted stock units (RSUs) financial
"Restricted stock units (RSUs) convert into common stock on a one-for-one basis."
Restricted stock units (RSUs) are a type of company promise to give employees shares of stock in the future, usually after certain conditions like working for a set time. They are like a gift promised today that you receive later, which can become valuable if the company's stock price goes up. RSUs matter because they are a way companies reward employees and can be a significant part of compensation.
dividend equivalents financial
"RSUs include the right to receive dividend equivalents that are credited as additional RSUs."
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.
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
derivative security financial
"transaction_code_description": "Exercise or conversion of derivative security""
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
FAQ
What did Carrier Global (CARR) executive Edward C. Dryden report in this Form 4?
Edward C. Dryden reported an RSU vesting and related tax withholding. 6,894 restricted stock units converted into common stock, and 2,147 of those shares were withheld to cover tax obligations, leaving him with 9,358 Carrier Global common shares held directly.
How many Carrier Global (CARR) RSUs vested for Edward C. Dryden and when?
6,894 RSUs vested for Edward C. Dryden on the reported transaction date. These restricted stock units were originally granted on July 1, 2024 and converted into an equal number of Carrier Global common shares when they fully vested under the award terms.
What are RSUs and how are they treated in this Carrier Global (CARR) Form 4?
In this filing, restricted stock units (RSUs) convert into Carrier Global common stock on a one-for-one basis. The RSUs also carry rights to dividend equivalents, which are credited as additional RSUs until vesting, when the total vested units are delivered as common shares.
AI-generated analysis. How Rhea-AI works. Not financial advice.
