Agrawal Ajay 4

What Happened Ajay Agrawal, Senior Vice President, Global Services & Chief Business Development Officer at Carrier Global Corp (CARR), received a compensation award on January 28, 2026 consisting of 39,560 shares (derivative award acquired at $0.00 per share) plus 10,965 Performance Share Units (PSUs). The 39,560 shares were reported as acquired at $0.00; the 10,965 PSUs are contingent awards that can convert to common shares if vesting conditions are met.

Key Details

• Transaction date: 2026-01-28; Form 4 filed 2026-01-30 (appears timely).
• Award: 39,560 shares acquired at $0.00 (derivative award) and 10,965 PSUs granted (contingent).
• Shares owned after transaction: not specified in the supplied filing.
• Footnote detail: PSUs vest on the third anniversary of the grant only if Agrawal remains employed and Carrier meets pre-set performance targets for EPS growth and total shareholder return versus a subset of S&P 500 industrials.
• Transaction code: A = Grant/Award.

Context The 39,560 shares are a compensation award (not an open-market purchase), so they reflect company compensation rather than a personal cash investment. The PSUs are performance-based and will convert to shares only if service and performance conditions are met, so they do not represent immediately transferable stock. Such awards are common for executives and are intended to align pay with company performance.