Carrier Global (NYSE: CARR) SVP awarded 69,690 stock appreciation rights

Rhea-AI Filing Summary

Carrier Global senior vice president and Chief People & Communications Officer Nadia Villeneuve reported an equity award. On January 28, 2026, she received 69,690 stock appreciation rights with an exercise price of $57.91 per share, expiring on January 27, 2036. Following this grant, she beneficially owns 69,690 derivative securities directly. She was also awarded 19,315 performance share units, each tied to one share of common stock, which vest on the third anniversary of the grant if she remains employed and Carrier meets pre-set earnings-per-share growth and relative total shareholder return targets over a three-year period.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Villeneuve Nadia

Role SVP, Chief People/Comm Ofcr

Type	Security	Shares	Price	Value
Grant/Award	Stock Appreciation Right	69,690	$0.00	--

Holdings After Transaction: Stock Appreciation Right — 69,690 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^*

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)
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		69,690		01/28/2029	01/27/2036	Common Stock	69,690	$0.0000	69,690(1)	D

Explanation of Responses:

1. The reporting person was also awarded 19,315 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.

Remarks:

Senior Vice President (SVP) & Chief People & Communications Officer

	/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 equity award did Carrier Global (CARR) report for Nadia Villeneuve?

Carrier Global reported that SVP Nadia Villeneuve received 69,690 stock appreciation rights on January 28, 2026. These rights carry a $57.91 exercise price per share and expire January 27, 2036, representing a significant component of her long-term incentive compensation.

How many performance share units did Nadia Villeneuve receive from Carrier Global (CARR)?

Nadia Villeneuve was awarded 19,315 performance share units under Carrier Global’s 2020 Long-Term Incentive Plan. Each PSU can convert into one share of common stock, subject to continued employment and Carrier achieving specific earnings-per-share growth and relative total shareholder return goals over three years.

When do Nadia Villeneuve’s stock appreciation rights at Carrier Global (CARR) become exercisable?

The stock appreciation rights granted to Nadia Villeneuve on January 28, 2026 become exercisable on January 28, 2029. They then remain outstanding until their expiration on January 27, 2036, providing a long-dated incentive linked to Carrier Global’s share price performance.

What performance conditions apply to Carrier Global (CARR) performance share units awarded to Nadia Villeneuve?

Villeneuve’s 19,315 performance share units vest only if she remains employed through the third anniversary of the grant and Carrier achieves pre-established targets. These targets cover earnings-per-share growth and total shareholder return versus a subset of industrial companies in the S&P 500 over three years.

How many derivative securities does Nadia Villeneuve beneficially own after this Carrier Global (CARR) Form 4?

After the January 28, 2026 grant, Villeneuve beneficially owns 69,690 derivative securities, all from stock appreciation rights held directly. This figure reflects the full size of the new award reported, aligning her compensation with future Carrier Global share performance.