Pandya Gaurang 4

What Happened Gaurang Pandya, President (CSA) of Carrier Global Corp (CARR), was awarded 97,290 derivative shares effective 2026-01-28 at $0.00 per share (an award/grant). The filing also discloses an additional award of 26,965 Performance Share Units (PSUs). The PSUs are contingent rights to receive one share each and vest on the third anniversary of the grant only if Pandya remains employed and Carrier meets pre-established three-year performance targets (EPS growth and relative total shareholder return).

Key Details

• Transaction date: 2026-01-28; Filing date (Form 4): 2026-01-30 (timely filing).
• Award price: $0.00 (no cash paid by the insider at grant).
• Shares acquired: 97,290 derivative shares (award); PSUs: 26,965 (contingent).
• Shares owned after transaction: Not disclosed in the filing.
• Notable footnote: PSUs vest contingent on continued employment and meeting EPS growth and TSR targets versus a subset of industrial S&P 500 companies over three years.
• Transaction type: A (grant/award); derivative equity and performance-based units.

Context These awards are compensation grants rather than market purchases or sales; they do not represent an immediate cash investment by or cash proceeds to the insider. PSUs are performance-conditioned — if performance or service conditions are not met, the PSUs may not convert to shares. For investors, such grants are routine executive compensation; they signal potential future dilution if and when units vest and convert to shares but do not by themselves indicate insider buying or selling intent.