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

Director Susan N. Story acquired stock units in Carrier Global Corp as part of the company's Deferred Stock Unit Plan.

Summary

• On April 9, 2025, Susan N. Story, a director of Carrier Global Corp, acquired 5,496.133 Deferred Stock Units (DSUs) under the company's Board of Directors Deferred Stock Unit Plan.
• The DSUs were acquired as part of her annual compensation for service as a non-employee director.
• The price of the stock was $60.77.
• Following the transaction, Story beneficially owns 22,685.0343 shares of Carrier common stock.
• Upon resignation, removal, or retirement from the Board, the DSUs will be converted into an equal number of shares of Carrier common stock, distributed either in a lump-sum or in installments, based on the director's election.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. It reflects a routine transaction related to director compensation, indicating alignment of interests between the director and the company's shareholders. There are no indications of negative news or concerns.

Positives

• The acquisition of DSUs reflects the director's continued alignment with the company's long-term performance.
• The Deferred Stock Unit Plan incentivizes directors to remain with the company and contribute to its success.

Future Outlook

The DSUs will be converted into shares of Carrier common stock upon the director's resignation, removal, or retirement from the Board, distributed either in a lump-sum or in installments.

Industry Context

This filing is a routine disclosure of a director's compensation in the form of stock units, which is a common practice among publicly traded companies to align the interests of directors with those of shareholders.

Comparison to Industry Standards

• Deferred stock unit plans are a common form of executive compensation among S&P 500 companies, including competitors like Trane Technologies and Johnson Controls.
• The vesting and distribution terms described are typical for such plans, often tied to continued service and payable upon departure from the board.

Stakeholder Impact

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

Key Dates

Keywords

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