Gitlin David L. 4

What Happened

• David L. Gitlin, Chairman and CEO of Carrier Global Corporation, had 90,872 shares of Carrier common stock issued to him on 2026-02-01 upon the vesting of performance share units (PSUs). Those PSUs were originally granted on February 1, 2023 and vested after performance targets were met.
• To satisfy tax withholding obligations tied to the vesting, 35,797 shares were treated as disposed/withheld at an average value of $59.58 per share, totaling about $2,132,785. The issuance of the 90,872 shares is recorded as an award/acquisition (code A); the share withholding for taxes is reported under code F.

Key Details

• Transaction date: 2026-02-01; Form 4 filed 2026-02-03 (timely within required reporting window).
• Award: 90,872 shares issued upon PSU vesting (acquired at $0.00).
• Tax withholding/disposition: 35,797 shares @ $59.58 each, proceeds/withholding value ≈ $2,132,785.
• Footnote: PSUs were granted 2/1/2023 under the 2020 Long-Term Incentive Plan and vested after achieving pre-established EPS growth and relative total shareholder return targets over a three‑year period.
• Shares owned after the transaction are not specified in the information provided here (see the full Form 4 for total beneficial ownership).

Context

• This was not an open‑market sale signaling sentiment: the share disposition was a routine tax-withholding event tied to PSU vesting (common when equity awards vest). The primary economic event is the vesting of long-term incentive PSUs following achievement of performance goals.