Form 4: Carrier Global Corp: Senior VP & CLO Reports Stock Transactions
SEC Form 4 Filing
Francesca Campbell, Senior VP & CLO of Carrier Global Corp, reports the acquisition of 3,856 shares of common stock through vesting of performance share units and the disposition of 1,050 shares to cover tax obligations.
Summary
- Francesca Campbell, a Senior VP & CLO at Carrier Global Corp, filed a Form 4 detailing changes in beneficial ownership.
- On February 3, 2025, Ms. Campbell acquired 3,856 shares of Carrier common stock due to the vesting of performance share units (PSUs) awarded on February 2, 2022, under the company's 2020 Long-Term Incentive Plan.
- These PSUs vested upon achievement of pre-established performance targets for earnings per share growth and total shareholder return relative to a subset of industrial companies in the S&P 500 index over a three-year period.
- On the same day, Ms. Campbell disposed of 1,050 shares of common stock at a price of $63.15 per share.
- Following these transactions, Ms. Campbell directly owns 5,563 shares of Carrier common stock.
Sentiment
Score: 6
Explanation: The sentiment is neutral. The filing reflects standard executive compensation practices and doesn't indicate any significant positive or negative developments for the company.
Positives
- The vesting of performance share units indicates that Carrier Global Corp met certain performance targets related to earnings per share growth and total shareholder return, which is a positive signal.
Negatives
- The disposition of 1,050 shares could be perceived negatively, although it is likely related to covering tax obligations associated with the vesting of the PSUs.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common among publicly traded companies. It provides transparency into the transactions of company insiders.
Stakeholder Impact
- The vesting of PSUs and subsequent sale of shares to cover taxes is a common and expected practice for executive compensation.
Key Dates
| Date | Description |
|---|---|
| 02/02/2022 | Date the performance share units (PSUs) were awarded to the reporting person under the Carrier Global Corporation 2020 Long-Term Incentive Plan. |
| 02/03/2025 | Date of the stock acquisition and disposition transactions. |
| 02/05/2025 | Date of the signature on the Form 4 filing. |
Keywords
Form 4, Beneficial Ownership, Stock Transaction, Performance Share Units, Carrier Global Corp, CARR, Francesca Campbell
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