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Filing Details

Accession Number:: 0001225208-23-001878
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2023-02-14 16:09:09
Reporting Period:: 2023-02-10

Accepted Time:: 2023-02-14 16:09:09
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1783180	Carrier Global Corp	CARR	Air-Cond & Warm Air Heatg Equip & Comm & Indl Refrig Equip (3585)	834051582

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1808520	John Christopher Nelson	13995 Pasteur Boulevard Palm Beach Gardens FL 33418	President, Hvac	No	Yes	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Stock	Acquisiton	2023-02-10	138	$0.00	97,344	No	4	M	Direct
Common Stock	Disposition	2023-02-10	59	$44.83	97,285	No	4	F	Direct
Common Stock	Acquisiton	2023-02-13	396,014	$20.95	493,299	No	4	M	Direct
Common Stock	Disposition	2023-02-13	182,661	$45.42	310,638	No	4	D	Direct
Common Stock	Disposition	2023-02-13	213,353	$45.30	97,285	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	M	Direct
No	4	F	Direct
No	4	M	Direct
No	4	D	Direct
No	4	S	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Restricted Stock Unit RSU	Disposition	2023-02-10	138	$0.00	138	$0.00
Common Stock	Stock Appreciation Right	Disposition	2023-02-13	396,014	$0.00	396,014	$20.95

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0	2023-02-04		No	4	M	Direct
0	2022-06-14	2029-06-13	No	4	M	Direct

Footnotes

Each Restricted Stock Unit (RSU), including dividend equivalents that accrue during the vesting period, represents a contingent right to receive one share of Carrier Global Corporation common stock. The RSUs vest contingent upon the reporting person's continued employment at the conclusion of the vesting period.
The Stock Appreciation Rights (SARs) were settled in shares in accordance with terms of the award. For Section 16 reporting purposes, the exercise of SARs for stock is treated as an exempt acquisition of the shares underlying the SARs at the exercise price per share specified in the award of SARs and a simultaneous sale back to the issuer of a number of the underlying shares having a value, based on the market price of the issuer's stock on the date of the exercise, equal to the product of the number of underlying SARs times the exercise price per share.
The price reported in Column 4 is a weighted average price for shares sold in multiple transactions. The sale prices range from $45.175 to $45.445 per share. The reporting person has provided to the issuer, and undertakes to provide to the Commission staff or a security holder of the issuer, upon request, full information regarding the number of shares sold at each separate price within the range.
The reporting person was granted RSUs on February 4, 2020 by United Technologies Corporation (UTC), the former parent of the issuer. These RSUs were converted into RSUs of the issuer in connection with the spin-off of the issuer by UTC. And on February 7, 2023, the reporting person reported that the previously awarded RSUs, including dividend equivalents, vested and converted to Carrier common stock. Those previously awarded RSUs were entitled to additional dividend equivalents that were not payable until February 10, 2023.