Goris Patrick P. 4

What Happened

• Patrick P. Goris, EVP and Chief Finance & Strategy Officer of Carrier Global Corp (CARR), received 40,750 shares on Feb 1, 2026 due to the vesting of performance share units (PSUs). Concurrently, 16,124 shares were disposed (withheld) to satisfy tax withholding obligations at $59.58 per share, generating $960,668 in proceeds (tax withholding).

Key Details

• Transaction dates: 2026-02-01; filing date (Form 4): 2026-02-03 (filed within typical two-business-day window).
• Award/Acquisition: 40,750 shares (code A) recorded at $0.00 (represents vested PSUs).
• Tax withholding/Disposition: 16,124 shares (code F) sold/withheld at $59.58 for $960,668.
• Shares owned after transaction: not specified in the provided excerpt of the filing.
• Footnote: The 40,750 shares are PSUs granted Feb 1, 2023 under Carrier’s 2020 LTIP that vested after meeting 3‑year EPS growth and relative TSR performance targets.
• This filing reflects vesting and tax withholding (routine compensation settlement), not an open-market investment decision.

Context

• These PSUs vested based on pre-established performance metrics; the withholding of shares to cover taxes is a common cashless settlement and does not necessarily indicate insider sentiment about the stock.
• For retail investors, vested awards increase insider holdings but withheld shares reduce the net new shares retained by the insider; this transaction is primarily compensation-related rather than a voluntary sale or purchase.