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

Director Michael Todman acquired 3,505.0189 stock units of Carrier Global Corp as part of the company's Deferred Stock Unit Plan.

Summary

• On April 9, 2025, Michael Todman, a director of Carrier Global Corp, acquired 3,505.0189 Deferred Stock Units (DSUs) under the company's Board of Directors Deferred Stock Unit Plan.
• The DSUs were acquired as part of Todman's annual compensation for service as a non-employee director.
• The price per share was $60.77.
• Following the transaction, Todman beneficially owns 32,914.366 shares of Carrier Global Corp common stock.
• The DSUs will be converted into an equal number of shares of Carrier common stock upon Todman's resignation, removal, or retirement from the Board and distributed either in a lump-sum or in installments, based on the director's previous election.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive as it reflects a standard director compensation practice, aligning director interests with shareholders. There are no indications of negative events or concerns.

Positives

• The acquisition of stock units by a director demonstrates alignment of interests with shareholders.
• The Deferred Stock Unit Plan provides a mechanism for directors to receive compensation in the form of company stock, potentially incentivizing long-term value creation.

Future Outlook

The Deferred Stock Units will be converted into 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 in the form of stock units is a common practice among publicly traded companies to align the interests of directors with those of shareholders.

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

Keywords

Director, Deferred Stock Units, Compensation, CARR, Carrier Global Corp, Beneficial Ownership, Form 4