Form 4: Carrier Global Corp Director Beth Wozniak Acquires Shares Through Deferred Stock Unit Plan

Director Beth Wozniak acquired shares of Carrier Global Corp through the Deferred Stock Unit Plan as part of her annual compensation.

Summary

• On April 18, 2024, Beth Wozniak, a director of Carrier Global Corp, acquired 3,484.4511 shares of common stock through the company's Board of Directors Deferred Stock Unit Plan.
• The acquisition was part of her annual compensation for service as a non-employee director.
• The price per share was $53.38.
• Following the transaction, Wozniak directly owns 16,464.0303 shares of Carrier Global Corp.
• The shares are acquired as Deferred Stock Units (DSUs) which convert to common stock upon resignation, removal, or retirement from the Board, and are distributed either in a lump-sum or in installments.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive as it reflects a director increasing their stake in the company, which is generally seen as a positive sign. The transaction is part of a pre-existing compensation plan, so it's not unexpected.

Positives

• The acquisition of shares by a director demonstrates confidence in the company's future.
• The Deferred Stock Unit Plan aligns the interests of non-employee directors with those of shareholders.

Future Outlook

The Deferred Stock Units (DSUs) will be converted into an equal number of shares of Carrier common stock upon resignation, removal, or retirement from the Board, and are distributed either in a lump-sum or in installments.

Industry Context

Directors receiving stock-based compensation is a common practice in publicly traded companies to align their interests with shareholders and incentivize long-term value creation.

Stakeholder Impact

• The transaction could have a slightly positive impact on shareholders as it signals confidence from a company director.

Key Dates