Form 4: Director Amy E. Miles Acquires Carrier Global Corp Stock Units as Part of Compensation Plan

Amy E. Miles, a director of Carrier Global Corp, acquired 3,356.9195 stock units under the company's Board of Directors Deferred Stock Unit Plan on April 9, 2025.

Summary

• On April 9, 2025, Amy E. Miles, a director at Carrier Global Corp, acquired 3,356.9195 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 serving as a non-employee director.
• The price of the derivative security was $60.77.
• Following the transaction, Miles directly owns 4,774.0707 derivative securities.
• The plan allows directors to receive a portion or all of their annual compensation in Deferred Stock Units (DSUs).
• Upon leaving the board, these DSUs, including accrued dividend equivalents, will be converted into Carrier common stock and distributed either in a lump sum or in installments, based on the director's prior election.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, indicating a stable and well-governed company. The sentiment is neutral to slightly positive.

Positives

• The acquisition reflects the director's continued alignment with the company's long-term performance.
• The Deferred Stock Unit Plan incentivizes directors to remain engaged with the company's success.

Future Outlook

The acquired stock units will be converted into shares of Carrier common stock upon the director's departure from the board, according to the terms of the Deferred Stock Unit Plan.

Industry Context

Director compensation in the form of stock units is a common practice among publicly traded companies to align the interests of board members with those of shareholders.

Comparison to Industry Standards

• Many companies, such as United Technologies (prior to its split), and similar large industrial corporations, use deferred stock unit plans as part of their director compensation packages.
• These plans typically vest over a period of years and are paid out in shares upon the director's departure from the board, aligning their interests with long-term shareholder value.
• The specific terms of Carrier's plan, such as the vesting schedule and payout options, would need to be compared to those of its peers to determine its relative competitiveness.

Stakeholder Impact

• Shareholders are indirectly impacted as director compensation aligns interests with company performance.
• The director is directly impacted through the receipt of stock units as part of their compensation.

Key Dates

Keywords

Carrier Global Corp, Director Compensation, Stock Units, Deferred Stock Unit Plan, Form 4, Beneficial Ownership, Amy E. Miles