Carrier (NYSE: CARR) president receives 66,875 stock rights and 18,535 PSUs

Rhea-AI Filing Summary

Carrier Global Corporation officer Gierges Michael Lotfy, President of CSAME, reported an equity award on January 28, 2026. He received 66,875 stock appreciation rights with a conversion price of $57.91 per share, all held directly.

The stock appreciation rights become exercisable on January 28, 2029 and expire on January 27, 2036. He was also granted 18,535 Performance Share Units, each representing one share of Carrier common stock, which vest on the third anniversary of the grant date subject to continued employment and achievement of earnings per share and relative total shareowner return targets.

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

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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^*

Gierges Michael Lotfy

(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)
	President, CSAME

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		66,875		01/28/2029	01/27/2036	Common Stock	66,875	$0.0000	66,875(1)	D

Explanation of Responses:

1. The reporting person was also awarded 18,535 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.
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FAQ

What insider equity awards did CARR officer Gierges Michael Lotfy receive?

Gierges Michael Lotfy received 66,875 stock appreciation rights and 18,535 Performance Share Units. The stock appreciation rights have a $57.91 conversion price, and each PSU represents a contingent right to one Carrier common share, subject to vesting conditions tied to performance and service.

What are the key terms of the 66,875 stock appreciation rights reported for CARR?

The award covers 66,875 stock appreciation rights with a $57.91 conversion price. These rights become exercisable on January 28, 2029 and expire on January 27, 2036. They are held directly by the reporting person as part of long-term incentive compensation.

How do the 18,535 Performance Share Units for CARR vest?

The 18,535 Performance Share Units vest on the third anniversary of the grant date. Vesting requires continued employment and Carrier achieving pre-established earnings per share growth and total shareowner return targets versus certain industrial companies in the S&P 500 index over a three-year period.

What performance metrics affect Gierges Michael Lotfy’s PSUs at CARR?

The PSUs depend on earnings per share growth and relative total shareowner return. Carrier must meet pre-set targets for EPS growth and total shareowner return compared to a subset of industrial companies in the S&P 500 index during a three-year measurement period.

What is Gierges Michael Lotfy’s role at Carrier Global Corporation (CARR)?

Gierges Michael Lotfy is an officer of Carrier Global Corporation serving as President, CSAME. His Form 4 filing reports stock appreciation rights and Performance Share Units granted under the company’s 2020 Long-Term Incentive Plan, aligning his compensation with Carrier’s long-term performance.

Under which plan were the CARR Performance Share Units granted to Gierges Michael Lotfy?

The 18,535 Performance Share Units were granted under the Carrier Global Corporation 2020 Long-Term Incentive Plan. Each PSU represents a contingent right to one share of Carrier common stock, vesting after three years if service and performance conditions are satisfied.