CARRIER GLOBAL Corp — Director's Dealing 2022

Feb 5, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CARRIER GLOBAL Corp (CARR)
CIK: 0001783180
Period of Report: 2022-02-02

Reporting Person: Crockett Kyle (Vice President, Controller)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-02-03	Common Stock	M	5028.0000	—	Acquired	5040.0000	Direct
2022-02-03	Common Stock	F	1346.0000	$46.2400	Disposed	3694.0000	Direct
2022-02-04	Common Stock	S	3682.0000	$45.7252	Disposed	12.0000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-02-02	Stock Appreciation Right	$47.5100	A	21075.0000	Acquired	2032-02-01	Common Stock (21075.0000)	Direct
2022-02-03	Restricted Stock Unit RSU	$	M	5028.0000	Disposed		Common Stock (5028.0000)	Direct

Footnotes

F1: Restricted stock units convert into common stock on a one-for-one basis.

F2: The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 14, 2021.

F3: The price reported in Column 4 is a weighted average price for the shares sold in multiple transactions. The sale prices range from $45.00 to $46.16 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.

F4: The reporting person was also awarded 4,775 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.

F5: The reporting person was granted these RSUs on February 3, 2020 and are the second of three tranches that vest over a three-year period.

F6: 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.