Form 4: Carrier Global Corp Director Acquires Stock Units as Part of Compensation Plan

Director Virginia M. Wilson acquired 3,877.8569 stock units of Carrier Global Corp as part of the company's Board of Directors Deferred Stock Unit Plan.

Summary

• On April 18, 2024, Virginia M. Wilson, a director of Carrier Global Corp, acquired 3,877.8569 stock units.
• The acquisition was made under the Carrier Global Corporation Board of Directors Deferred Stock Unit Plan.
• These stock units are part of the director's annual compensation for serving as a non-employee director.
• The price of the transaction was $53.38 per unit.
• Following the transaction, Wilson directly owns 28,851.2054 shares of Carrier Global Corp.
• Upon resignation, removal, or retirement from the Board, the DSUs in the director's account under the Plan, including accrued dividend equivalents, are converted into an equal number of shares of Carrier common stock that, at the director's previous election, are distributed either in a lump-sum or in installments.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, indicating a stable and well-structured governance process. The sentiment is neutral to slightly positive as it shows alignment of interests between the director and the company's shareholders.

Positives

• The acquisition of stock units by a director demonstrates alignment with the company's long-term success.
• The Deferred Stock Unit Plan incentivizes directors to remain with the company and contribute to its growth.

Future Outlook

The Deferred Stock Unit Plan provides for future conversion of DSUs into shares of Carrier common stock upon the director's resignation, removal, or retirement, distributed either in a lump-sum or in installments.

Industry Context

Director compensation in the form of stock units is a common practice among publicly traded companies to align the interests of directors with those of shareholders.

Comparison to Industry Standards

• Stock-based compensation for directors is a standard practice among S&P 500 companies, often including deferred stock units or restricted stock grants.
• Companies like Honeywell and RTX also utilize similar deferred stock unit plans for their board members.
• The specific amount and terms of these plans vary based on company size, industry, and individual director roles.

Stakeholder Impact

• Shareholders: Aligns director's interests with shareholder value.
• Employees: Reinforces the company's commitment to its leadership.
• Company: Supports long-term strategic goals through incentivized leadership.

Key Dates