CARRIER GLOBAL Corp — Director's Dealing 2023

Feb 14, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CARRIER GLOBAL Corp (CARR)
CIK: 0001783180
Period of Report: 2023-02-10

Reporting Person: Nelson Christopher John (President, HVAC)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-02-10	Common Stock	M	138.0000	—	Acquired	97344.0000	Direct
2023-02-10	Common Stock	F	59.0000	$44.8300	Disposed	97285.0000	Direct
2023-02-13	Common Stock	M	396014.0000	$20.9500	Acquired	493299.0000	Direct
2023-02-13	Common Stock	D	182661.0000	$45.4200	Disposed	310638.0000	Direct
2023-02-13	Common Stock	S	213353.0000	$45.3026	Disposed	97285.0000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-02-10	Restricted Stock Unit RSU	$	M	138.0000	Disposed		Common Stock (138.0000)	Direct
2023-02-13	Stock Appreciation Right	$20.9500	M	396014.0000	Disposed	2029-06-13	Common Stock (396014.0000)	Direct

Footnotes

F1: 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.

F2: 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.

F3: 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.

F4: 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.