Form 4: Carrier Global EVP Goris Reports PSU Vesting and Share Sale

Carrier Global's EVP and Chief Finance/Strategy Officer, Patrick P. Goris, reported the vesting of performance share units and a subsequent tax-related share disposition.

Summary

• Patrick P. Goris, EVP, Chief Finance/Strategy Officer of Carrier Global Corp (CARR), reported transactions involving the company's common stock.
• On February 1, 2026, Goris acquired 40,750 shares of common stock through the vesting of performance share units (PSUs).
• These PSUs were originally awarded on February 1, 2023, under the Carrier Global Corporation 2020 Long-Term Incentive Plan.
• The vesting was contingent upon achieving pre-established performance targets for earnings per share growth and total shareholder return relative to a subset of S&P 500 industrial companies over a three-year period.
• Concurrently, Goris disposed of 16,124 shares of common stock at a price of $59.58 per share, likely to cover tax obligations related to the PSU vesting.
• Following these transactions, Goris beneficially owns 128,657 shares of Carrier Global common stock.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as positive, as the vesting of performance share units indicates the company successfully met its long-term performance targets, reflecting strong operational and shareholder return metrics over the past three years.

Positives

• The vesting of 40,750 performance share units indicates that Carrier Global successfully achieved its pre-established performance targets for earnings per share growth and total shareholder return over a three-year period.
• The achievement of these targets reflects strong operational execution and value creation relative to industry peers.

Negatives

• The disposition of 16,124 shares, while likely for tax withholding, reduces the executive's direct beneficial ownership in the company.

Future Outlook

This filing does not contain forward-looking statements or guidance regarding the company's future financial performance or strategic direction.

Industry Context

StockSavvy.ai notes that the vesting of performance share units (PSUs) is a standard component of long-term incentive plans for executives in publicly traded companies. This practice aligns executive interests with shareholder value creation by tying compensation directly to the achievement of specific financial and market performance metrics.

Comparison to Industry Standards

• The use of performance share units (PSUs) tied to earnings per share growth and total shareholder return relative to a subset of S&P 500 industrial companies is a common and well-regarded practice in executive compensation across the industrial sector.
• This structure is consistent with global benchmarks for incentivizing long-term executive performance and aligning management with shareholder interests.

Stakeholder Impact

• Shareholders are positively impacted as the vesting of performance share units signifies the achievement of key financial and market performance targets, aligning executive incentives with shareholder value creation.

Key Dates

Recommendation

The vesting of performance share units for a key executive indicates the company successfully met its long-term performance targets, which is a positive signal for operational execution and shareholder value creation. However, a Form 4 primarily reports a scheduled transaction and does not provide enough comprehensive financial data to warrant a strong buy or sell recommendation based solely on this filing. Investors should consider this positive performance indicator within a broader analysis of the company's financial health and market position.

Keywords

Carrier Global, CARR, Form 4, insider transaction, PSU vesting, executive compensation, performance share units, stock disposition