Carrier director granted 3,330 DSUs as compensation

Carrier Global Corp director Jean Pierre Garnier received a compensation-related equity award in the form of deferred stock units.

Rhea-AI Filing Summary

Carrier Global Corp director Jean Pierre Garnier received a compensation-related equity award in the form of deferred stock units. He was granted 3,330.4868 Director DSUs at a reference price of $58.55 per unit, bringing his total direct holdings in these units to 139,824.5839.

The units were granted under Carrier’s Board of Directors Deferred Stock Unit Plan as part of annual compensation for non-employee directors. Upon leaving the board, these DSUs, plus any dividend equivalents, convert into an equal number of Carrier common shares, which are then distributed either in a lump sum or installments, according to his prior election.

Insider Trade Summary

Grant/Award: 3,330.4868 shares

Grant/Award 1 txn

Insider GARNIER JEAN PIERRE

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Director DSU	3,330.4868	$58.55	$195K

Holdings After Transaction: Director DSU — 139,824.5839 contracts (Direct)

Footnotes (1)

1. F1. The reporting person acquired these stock units under the Carrier Global Corporation Board of Directors Deferred Stock Unit Plan (the Plan) in connection with the reporting person's annual compensation for service as a non-employee director. The Plan provides for payment of a portion or all of the annual compensation in Deferred Stock Units (DSUs). Upon resignation, removal, or retirement from the Board, the DSUs in the director's account under the Plan, including accrued dividend equivalents, are converted into an equal number of shares of Carrier common stock that, at the director's previous election, are distributed either in a lump-sum or in installments.

Key Figures

Director DSUs granted: 3,330.4868 units Reference price per DSU: $58.55 per unit Total DSUs after grant: 139,824.5839 units +2 more

5 metrics

Director DSUs granted 3,330.4868 units Award of Director Deferred Stock Units on April 15, 2026

Reference price per DSU $58.55 per unit Valuation for Director DSU grant

Total DSUs after grant 139,824.5839 units Director’s direct deferred stock unit holdings following transaction

Underlying common stock 3,330.4868 shares Common stock underlying the newly granted Director DSUs

Conversion price $0.00 Conversion or exercise price for Director DSUs under the plan

Key Terms

Deferred Stock Units (DSUs), Board of Directors Deferred Stock Unit Plan, dividend equivalents, lump-sum or in installments

4 terms

Deferred Stock Units (DSUs) financial

"The Plan provides for payment of a portion or all of the annual compensation in Deferred Stock Units (DSUs)."

Deferred stock units (DSUs) are a form of long-term pay that promises an employee or director future company shares or cash equal to the share value at a later date, usually after leaving the company or at a set vesting time. Think of them as a delayed paycheck tied to the stock: they align recipients’ interests with long-term share performance and matter to investors because they create potential future dilution and signal how management is rewarded and incentivized.

Board of Directors Deferred Stock Unit Plan financial

"acquired these stock units under the Carrier Global Corporation Board of Directors Deferred Stock Unit Plan (the Plan)"

dividend equivalents financial

"the DSUs in the director's account under the Plan, including accrued dividend equivalents, are converted"

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.

lump-sum or in installments financial

"are distributed either in a lump-sum or in installments."

FAQ

What did Carrier Global (CARR) director Jean Pierre Garnier report in this Form 4?

Jean Pierre Garnier reported receiving 3,330.4868 deferred stock units as part of his annual compensation as a non-employee director. These Director DSUs increase his direct deferred stock unit holdings to 139,824.5839, reflecting compensation rather than an open-market stock purchase or sale.

How many deferred stock units did Garnier receive from Carrier Global (CARR)?

Garnier received 3,330.4868 Director Deferred Stock Units in this transaction. The units were valued using a reference price of $58.55 per unit and were granted under Carrier’s Board of Directors Deferred Stock Unit Plan as part of his annual director compensation.

What is the price reference for the Carrier Global (CARR) director DSU grant?

The director deferred stock unit grant used a reference price of $58.55 per unit. This price is applied to 3,330.4868 Director DSUs granted to Jean Pierre Garnier as part of his non-employee director annual compensation under Carrier’s deferred stock unit plan.

What are Director Deferred Stock Units (DSUs) at Carrier Global (CARR)?

Director Deferred Stock Units are equity-based awards representing future claims on Carrier common stock. Under the Board of Directors Deferred Stock Unit Plan, DSUs and dividend equivalents convert into an equal number of common shares when the director leaves the board, paid as a lump sum or installments.

When do Carrier Global (CARR) director DSUs convert into common stock?

Director DSUs convert into common stock when the director resigns, is removed, or retires from the board. At that time, all DSUs and accrued dividend equivalents become an equal number of Carrier common shares, distributed either in a lump sum or installments, based on the director’s prior election.

Is Jean Pierre Garnier’s Form 4 for Carrier Global (CARR) an open-market trade?

No, this Form 4 reflects a grant of 3,330.4868 Director DSUs as compensation, not an open-market trade. The award is part of the Carrier Board of Directors Deferred Stock Unit Plan, rather than a discretionary market purchase or sale of Carrier common stock.

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Accepted by SEC EDGAR 04/17/2026 - 04:41 PM Learn about SEC filing dates

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^*

GARNIER JEAN PIERRE

(Last) (First) (Middle)

13995 PASTEUR BOULEVARD

(Street)

PALM BEACH GARDENS FLORIDA 33418

(City) (State) (Zip)

UNITED STATES

(Country)

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
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/15/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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

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
Director DSU	(1)	04/15/2026		A		3,330.4868		(1)	(1)	Common Stock	3,330.4868	$58.55	139,824.5839	D

Explanation of Responses:

1. The reporting person acquired these stock units under the Carrier Global Corporation Board of Directors Deferred Stock Unit Plan (the Plan) in connection with the reporting person's annual compensation for service as a non-employee director. The Plan provides for payment of a portion or all of the annual compensation in Deferred Stock Units (DSUs). Upon resignation, removal, or retirement from the Board, the DSUs in the director's account under the Plan, including accrued dividend equivalents, are converted into an equal number of shares of Carrier common stock that, at the director's previous election, are distributed either in a lump-sum or in installments.

	/s/ Erin O'Neal as Attorney-in-Fact	04/17/2026
	** 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.
* Form 4: SEC 1474 (03-26)