Form 4: Carrier Global Director Acquires Stock Units as Part of Annual Compensation

Director Amy E. Miles acquired 1,417.1512 deferred stock units of Carrier Global Corp as part of her annual compensation.

Summary

• Amy E. Miles, a director at Carrier Global Corp, acquired 1,417.1512 deferred stock units (DSUs) on January 15, 2025.
• These DSUs were granted as part of her annual compensation for serving as a non-employee director.
• The DSUs were acquired under the Carrier Global Corporation Board of Directors Deferred Stock Unit Plan.
• The plan allows directors to receive a portion or all of their annual compensation in DSUs.
• Upon resignation, removal, or retirement, these DSUs will be converted into an equal number of Carrier common stock shares.
• The shares will be distributed either in a lump sum or in installments, based on the director's prior election.
• The price of the underlying common stock at the time of the transaction was $68.8 per share.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, which is a neutral event. The sentiment is slightly positive due to the alignment of director interests with shareholders.

Positives

• The acquisition of stock units aligns the director's interests with those of the shareholders.
• The deferred stock unit plan is a common method of compensation for non-employee directors.

Future Outlook

The deferred stock units will convert to common stock upon the director's resignation, removal, or retirement, based on the director's prior election for lump-sum or installment distribution.

Industry Context

This type of transaction is common for non-employee directors as part of their compensation package, aligning their interests with the long-term performance of the company.

Comparison to Industry Standards

• Deferred stock unit grants are a standard practice for compensating non-employee directors across various industries.
• Companies like Honeywell, Johnson Controls, and Trane Technologies also use similar equity-based compensation plans for their board members.
• The amount of stock units granted is generally based on the director's role, experience, and the company's overall compensation strategy.

Stakeholder Impact

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

Key Dates

Keywords

Deferred Stock Units, Director Compensation, Form 4, Insider Trading, Carrier Global Corp, CARR, Stock Units, Equity Compensation