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

Director John J. Greisch acquired 6,463.0948 stock units of Carrier Global Corp as part of the company's Deferred Stock Unit Plan.

Summary

• On April 18, 2024, John J. Greisch, a director of Carrier Global Corp, acquired 6,463.0948 stock units.
• The acquisition was made under the Carrier Global Corporation Board of Directors Deferred Stock Unit Plan (the Plan).
• These stock units are part of the director's annual compensation for service as a non-employee director.
• The price of the stock at the time of the transaction was $53.38.
• Following the transaction, Greisch beneficially owns 49,335.9844 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-managed company. The sentiment is neutral to positive.

Positives

• The acquisition of stock units by a director demonstrates alignment with shareholder interests.
• The Deferred Stock Unit Plan incentivizes long-term commitment from board members.

Future Outlook

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

Industry Context

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

Comparison to Industry Standards

• Deferred stock unit plans are a standard component of director compensation packages among S&P 500 companies.
• Companies like Honeywell and RTX also utilize similar deferred compensation plans for their board members.
• The amount of stock units granted is within the typical range for director compensation at companies of similar size and market capitalization.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders by aligning director interests with company performance.

Key Dates