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

Director Charles M. Holley acquired stock units in Carrier Global Corp as part of the company's Deferred Stock Unit Plan.

Summary

• On April 9, 2025, Charles M. Holley, a director of Carrier Global Corp, acquired 3,554.3854 Deferred Stock Units (DSUs) under the company's Board of Directors Deferred Stock Unit Plan.
• The DSUs were acquired as part of Holley's annual compensation for service as a non-employee director.
• The price of the transaction was $60.77.
• Following the transaction, Holley beneficially owns 36,281.1493 shares of Carrier Global Corp common stock.
• The DSUs will be converted into an equal number of shares of Carrier common stock upon Holley's resignation, removal, or retirement from the Board, and distributed either in a lump-sum or in installments, according to the director's previous election.

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 slightly positive as it shows alignment of interests between the director and shareholders.

Positives

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

Future Outlook

The Deferred Stock Units will be converted into Carrier common stock upon the director's resignation, removal, or retirement from the Board, according to the director's election for lump-sum or installment distribution.

Industry Context

Director compensation through stock and deferred stock units is a common practice in publicly traded companies to align the interests of board members with those of shareholders. This ensures directors are incentivized to make decisions that increase shareholder value over the long term.

Comparison to Industry Standards

• Deferred stock unit plans are a common form of compensation for non-employee directors at companies of similar size and scope to Carrier Global Corp.
• Companies like Honeywell and RTX also utilize similar equity-based compensation plans for their board members.
• The vesting and distribution terms described are typical for these types of plans.

Stakeholder Impact

• The acquisition of stock units by a director can positively influence shareholder confidence.
• The compensation structure incentivizes the director to act in the best interests of the shareholders.

Key Dates

Keywords

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