CARRIER GLOBAL Corp — Director's Dealing 2020

May 19, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Carrier Global Corp (CARR)
CIK: 0001783180
Period of Report: 2020-05-14

Reporting Person: Gitlin David L. (Director, President & CEO)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-05-14	Restricted Stock Unit RSU	$16.5500	A	92500.0000	Acquired		Common Stock (92500.0000)	Direct
2020-05-14	Stock Appreciation Right	$16.5500	A	331000.0000	Acquired	2030-05-13	Common Stock (331000.0000)	Direct
2020-05-14	Stock Appreciation Right	$16.5500	A	330400.0000	Acquired	2030-05-13	Common Stock (330400.0000)	Direct

Footnotes

F1: Each Restricted Stock Unit, including dividend equivalents that accrue during the vesting period, represents a contingent right to receive one share of Carrier common stock after the three-year vesting period.

F2: The reporting person was awarded these SARs under the Carrier Global Corporation 2020 Long-Term Incentive Plan. As indicated in the table, these SARs vest after a three-year period and have an exercise price of $16.55.

F3: The reporting person was also awarded 92,480 Performance Share Units (PSUs) under the Carrier Global Corporation 2020 Long-Term Incentive Plan. This award, like the award of the Stock Appreciation Rights, was part of a founder's grant awarded to the reporting person and to certain other executive officers and certain other employees. Each PSU has a value equal to one share of Carrier common stock and will only vest if Carrier achieves pre-established performance targets for Carrier's total shareholder return relative to a subset of industrial companies in the S&P 500 index over a three-year time period.