Carrier (NYSE: CARR) CEO awarded 438k stock rights and 121k PSUs

Rhea-AI Filing Summary

Carrier Global chairman and CEO David L. Gitlin received a grant of 438,195 stock appreciation rights on January 28, 2026, with an exercise price of $57.91 per share. These rights are held directly and give value only if the stock trades above that level.

He was also awarded 121,445 Performance Share Units under Carrier’s 2020 Long-Term Incentive Plan. Each PSU can convert into one share of common stock after three years, contingent on his continued employment and Carrier meeting preset earnings-per-share growth and relative total shareholder return targets.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Gitlin David L.

Role Chairman and CEO

Type	Security	Shares	Price	Value
Grant/Award	Stock Appreciation Right	438,195	$0.00	--

Holdings After Transaction: Stock Appreciation Right — 438,195 shares (Direct)

Footnotes (1)

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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^*

Gitlin David L.

(Last) (First) (Middle)

13995 PASTEUR BOULEVARD

(Street)

PALM BEACH GARDENS FL 33418

(City) (State) (Zip)

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
X	Officer (give title below)		Other (specify below)
	Chairman and CEO

3. Date of Earliest Transaction (Month/Day/Year)
01/28/2026

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

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 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
Stock Appreciation Right	$57.91	01/28/2026		A		438,195		01/28/2029	01/27/2036	Common Stock	438,195	$0.0000	438,195(1)	D

Explanation of Responses:

1. The reporting person was also awarded 121,445 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.

	/s/ Erin O'Neal as Attorney-in-Fact	01/30/2026
	** 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.

FAQ

What insider award did Carrier (CARR) CEO David Gitlin receive on January 28, 2026?

Carrier CEO David L. Gitlin received 438,195 stock appreciation rights on January 28, 2026. These rights have a $57.91 exercise price and are held directly, rewarding him only if Carrier’s share price rises above that level over time.

What are the key terms of David Gitlin’s Performance Share Units at Carrier (CARR)?

David Gitlin was awarded 121,445 Performance Share Units under Carrier’s 2020 Long-Term Incentive Plan. Each PSU can convert into one common share after three years, if he remains employed and Carrier hits preset earnings-per-share growth and relative total shareholder return performance goals.

How do the 438,195 stock appreciation rights for Carrier (CARR) CEO work?

The 438,195 stock appreciation rights give Carrier’s CEO value only on share price gains above $57.91. Settlements are tied to the company’s stock performance, aligning his potential upside with shareholder returns rather than providing immediate cash or stock at grant.

When do David Gitlin’s Performance Share Units at Carrier (CARR) vest?

David Gitlin’s 121,445 Performance Share Units vest on the third anniversary of the grant date. Vesting requires both his continued employment and Carrier meeting predefined three-year earnings-per-share growth and relative total shareholder return targets versus selected S&P 500 industrial peers.

What performance metrics determine vesting of Carrier (CARR) CEO’s PSUs?

Vesting of the CEO’s Performance Share Units depends on Carrier’s earnings-per-share growth and total shareholder return. These are measured over three years relative to a subset of industrial companies in the S&P 500, directly linking payout to multi-year financial and stock performance.