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: Villeneuve Nadia (VP, Chief HR Officer)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-05-14	Stock Appreciation Right	$16.5500	A	110200.0000	Acquired	2030-05-13	Common Stock (110200.0000)	Direct

Footnotes

F1: The reporting person was also awarded 30,830 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.