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

Director Susan Story acquired 6,088.4226 stock units of Carrier Global Corp as part of her annual compensation under the Board of Directors Deferred Stock Unit Plan.

Summary

• On April 18, 2024, Susan Story, a director of Carrier Global Corp, acquired 6,088.4226 stock units.
• The acquisition was made under the Carrier Global Corporation Board of Directors Deferred Stock Unit Plan.
• These stock units are part of her annual compensation for service as a non-employee director.
• The price of the stock at the time of the transaction was $53.38.
• Following the transaction, Story beneficially owns 16,985.4255 shares.
• Upon resignation, removal, or retirement from the Board, the DSUs in the director's account under the Plan, including accrued dividend equivalents, are converted into an equal number of shares of Carrier common stock that, at the director's previous election, are distributed either in a lump-sum or in installments.

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 long-term performance.

Positives

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

Future Outlook

The Deferred Stock Units (DSUs) 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, based on the director's election.

Industry Context

Deferred stock unit plans are a common form of compensation for non-employee directors, aligning their interests with the long-term performance of the company. This filing is a routine disclosure of such a transaction.

Comparison to Industry Standards

• Director compensation packages often include deferred stock units to incentivize long-term value creation.
• Companies like United Technologies (formerly the parent company of Carrier) and other large industrial corporations use similar deferred compensation plans for their board members.
• The amount of stock units granted is generally in line with industry standards for director compensation at companies of similar size and market capitalization.

Stakeholder Impact

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

Key Dates