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

Director Jean Pierre Garnier acquired 3,208.8201 stock units of Carrier Global Corp as part of the company's Deferred Stock Unit Plan.

Summary

• On April 9, 2025, Jean Pierre Garnier, a director of Carrier Global Corp, acquired 3,208.8201 stock units under the Carrier Global Corporation Board of Directors Deferred Stock Unit Plan.
• These stock units are part of the director's annual compensation for service as a non-employee director.
• The price of the stock units was $60.77.
• Following the transaction, Garnier beneficially owns 134,527.0459 shares of Carrier Global Corp.
• The Deferred Stock Unit Plan allows directors to receive a portion or all of their annual compensation in Deferred Stock Units (DSUs).
• Upon resignation, removal, or retirement from the Board, the DSUs are converted into an equal number of shares of Carrier common stock and distributed either in a lump-sum or in installments, based on the director's election.

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 shareholders.

Positives

• The acquisition of stock units by a director demonstrates alignment with shareholder interests.
• The Deferred Stock Unit Plan provides a mechanism for long-term compensation and retention of directors.

Future Outlook

The Deferred Stock Units will be converted into Carrier common stock upon the director's resignation, removal, or retirement from the Board, and 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 and incentivize long-term value creation.

Comparison to Industry Standards

• Deferred stock unit plans are a common form of executive and director compensation among S&P 500 companies.
• Companies like General Electric and 3M also utilize similar deferred compensation plans for their board members.
• The specific terms of these plans, such as vesting schedules and payout options, can vary significantly across companies.

Stakeholder Impact

• Shareholders may view the director's stock ownership positively, as it aligns their interests with the company's performance.
• The Deferred Stock Unit Plan can incentivize directors to focus on long-term value creation.

Key Dates

Keywords

Carrier Global Corp, Director, Stock Units, Deferred Stock Unit Plan, Compensation, Beneficial Ownership, CARR