Form 4: Carrier Global Corp Executive Jurgen Timperman Executes Stock Appreciation Rights and Sells Shares
SEC Form 4 Filing
Jurgen Timperman, President of Fire & Security at Carrier Global Corp, exercised stock appreciation rights and sold shares of common stock on April 29, 2024.
Summary
- On April 29, 2024, Jurgen Timperman, President of Fire & Security at Carrier Global Corp, executed stock appreciation rights (SARs) and sold shares of common stock.
- He exercised SARs for 165,200 shares at $16.55 and 102,255 shares at $38.33, receiving shares in accordance with the terms of the award.
- Following these transactions, Timperman directly owns 121,121 shares of Carrier Global Corp common stock.
- He also indirectly owns shares through a family trust, although the exact number is not specified after the transactions.
- The sales of common stock were executed at weighted average prices, with individual sale prices ranging from $61.54 to $62.184 per share.
Sentiment
Score: 5
Explanation: The document is a neutral report of insider trading activity. It doesn't inherently indicate positive or negative sentiment about the company's prospects.
Industry Context
This filing is a routine disclosure of insider transactions, which are common among publicly traded companies. Investors often monitor these filings for insights into management's perspective on the company's stock.
Comparison to Industry Standards
- Executive compensation packages often include stock options and SARs to align management's interests with those of shareholders.
- The exercise of SARs and subsequent sale of shares is a common practice for executives to realize the value of their equity compensation.
- Similar transactions are regularly reported by executives at comparable companies in the industrial and technology sectors.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the increased supply of shares in the market.
- The impact is likely to be minimal given the overall trading volume of Carrier Global Corp stock.
Key Dates
| Date | Description |
|---|---|
| 02/04/2024 | Date exercisable for some Stock Appreciation Rights |
| 04/29/2024 | Date of the reported transactions: exercise of SARs and sale of common stock |
| 05/14/2023 | Date exercisable for some Stock Appreciation Rights |
| 05/01/2024 | Date of signature for the Form 4 filing |
| 02/03/2031 | Expiration date for some Stock Appreciation Rights |
| 05/13/2030 | Expiration date for some Stock Appreciation Rights |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.