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

Director Maximilian Viessmann acquired 3,484.4511 stock units of Carrier Global Corp as part of the company's Board of Directors Deferred Stock Unit Plan.

Summary

• On April 18, 2024, Maximilian Viessmann, a director of Carrier Global Corp, acquired 3,484.4511 stock units.
• The acquisition was made under the Carrier Global Corporation Board of Directors Deferred Stock Unit Plan.
• These stock units are part of Viessmann's annual compensation for serving as a non-employee director.
• The price of the stock was $53.38.
• Following the transaction, Viessmann directly owns 5,131.9267 shares.
• The Deferred Stock Unit Plan allows directors to receive a portion or all of their annual compensation in Deferred Stock Units (DSUs).
• Upon leaving the Board, these DSUs, including accrued dividend equivalents, are converted into Carrier common stock and distributed either in a lump-sum or in installments, based on the director's prior election.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, indicating a stable and well-managed corporate governance structure. The sentiment is neutral to positive as it shows alignment of interests between the director and shareholders.

Positives

• The acquisition reflects the director's continued investment in the company.
• The Deferred Stock Unit Plan aligns the interests of non-employee directors with those of shareholders.

Future Outlook

The Deferred Stock Unit Plan will continue to provide non-employee directors with stock-based compensation, aligning their interests with those of shareholders.

Industry Context

This filing is a routine disclosure of a director's stock acquisition as part of a compensation plan, which is common practice among publicly traded companies to incentivize and align the interests of board members with shareholders.

Comparison to Industry Standards

• Deferred Stock Unit (DSU) plans are a common form of compensation for non-employee directors in publicly traded companies, aligning their interests with shareholders.
• Companies like United Technologies (formerly the parent company of Carrier) and other large industrial corporations often utilize similar deferred stock plans for their board members.
• The specifics of the plan, such as vesting schedules and distribution methods, can vary, but the underlying principle of aligning director compensation with company performance remains consistent across the industry.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders by aligning the director's interests with the company's long-term performance.

Key Dates