Carrier Global (NYSE: CARR) SVP Nadia Villeneuve reports PSU vesting

Rhea-AI Filing Summary

Carrier Global Corporation executive Nadia Villeneuve, SVP and Chief People/Communications Officer, reported equity compensation activity in company common stock. On February 1, 2026, she acquired 15,194 shares at a stated price of $0.0000 per share through the vesting of previously granted performance share units under Carrier’s 2020 Long-Term Incentive Plan.

These performance units, originally awarded on February 1, 2023, vested after meeting pre-set targets for earnings per share growth and total shareholder return versus a group of industrial companies in the S&P 500 over a three-year period. On the same date, 3,809 shares were withheld at $59.58 per share, typically reflecting shares surrendered to cover tax obligations, leaving Villeneuve with 112,522 shares of Carrier common stock held directly.

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^*

Villeneuve Nadia

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	SVP, Chief People/Comm Ofcr

3. Date of Earliest Transaction (Month/Day/Year)
02/01/2026

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
Common Stock	02/01/2026(1)		A		15,194	A	$0.0000	116,331	D
Common Stock	02/01/2026		F		3,809	D	$59.58	112,522	D

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

Explanation of Responses:

1. The acquistion of shares of Carrier common stock represents the vesting of performance share units (PSUs) previously awarded on February 1, 2023 to the reporting person under the Carrier Global Corporation 2020 Long-Term Incentive Plan. Each PSU has a value equal to one share of Carrier Global Corporation common stock. These PSUs vested upon the achievement of the pre-established performance targets for earnings per share growth and total shareholder 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	02/03/2026
	** 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 transaction did CARR executive Nadia Villeneuve report?

Nadia Villeneuve reported equity compensation activity involving Carrier Global common stock. She received 15,194 shares from vested performance share units and had 3,809 shares withheld, typically for taxes, all dated February 1, 2026, under Carrier’s 2020 Long-Term Incentive Plan.

How many CARR shares did Nadia Villeneuve own after the Form 4 transactions?

After the reported transactions, Nadia Villeneuve directly owned 112,522 shares of Carrier Global common stock. This reflects the vesting of 15,194 performance share units and the withholding of 3,809 shares, leaving this updated post-transaction holding amount in her direct ownership.

What triggered the vesting of performance share units for CARR’s Nadia Villeneuve?

The performance share units vested after achieving pre-established targets. These targets focused on earnings per share growth and total shareholder return relative to selected industrial companies in the S&P 500 index over a three-year performance period starting February 1, 2023.

What do the acquired CARR shares at $0.0000 indicate on the Form 4?

The $0.0000 price indicates the shares were granted as equity compensation, not purchased in the market. They resulted from vesting of performance share units, each unit converting into one share of Carrier Global common stock when the performance conditions were satisfied.

Why were 3,809 CARR shares reported as disposed of at $59.58?

The 3,809 shares at $59.58 likely represent shares withheld to satisfy tax obligations upon vesting. Such transactions are coded as disposals on Form 4, even though the executive does not receive cash proceeds like an open-market sale would.

What incentive plan governs the reported CARR PSU vesting?

The vesting performance share units were granted under the Carrier Global Corporation 2020 Long-Term Incentive Plan. This plan provides equity-based awards to executives, aligning compensation with multi-year performance on earnings per share growth and relative total shareholder return.