Gitlin David L. 4

What Happened
David L. Gitlin, Chairman and CEO of Carrier Global Corp (CARR), was awarded 438,195 derivative shares (transaction code A) on January 28, 2026. The filing reports an acquisition price of $0.00 (these are stock awards/units, not open-market purchases or sales). Included in the grant are 121,445 Performance Share Units (PSUs) that are contingent on both continued employment and achievement of pre-set performance metrics.

Key Details

• Transaction date: 2026-01-28; Form 4 filed 2026-01-30 (timely; Form 4s are due within two business days).
• Award amount: 438,195 derivative shares; reported price $0.00 (compensation grant, not a cash purchase).
• PSUs: 121,445 of the award are PSUs that vest on the third anniversary only if employment and performance targets (EPS growth and total shareholder return vs. a subset of industrial S&P 500 companies) are met.
• Shares owned after transaction: not specified in the filing (see official Form 4 for full beneficial ownership disclosure).
• Transaction code: A = Award/Grant (derivative securities). No sale or exercise was reported.

Context
This grant is a compensation award and not an open-market buy or sell; such awards are common for senior executives and are intended to align management incentives with long-term company performance. PSUs are performance-contingent and may not convert to actual shares unless the specified targets and service requirements are met.