Pandya Gaurang 4
4 · CARRIER GLOBAL Corp · Filed Feb 3, 2026
Research Summary
AI-generated summary of this filing
Carrier (CARR) President Gaurang Pandya Receives Award, Sells Shares
What Happened
- Gaurang Pandya, President of Carrier Global Corp (CARR), had 5,705 performance share units (PSUs) vest on Feb 1, 2026 (treated as an award). Concurrently, 1,735 shares were disposed/withheld to cover tax liabilities at $59.58 per share, totaling $103,371. The PSUs were granted previously and vested after meeting pre-established performance targets.
Key Details
- Transaction dates: Feb 1, 2026 (reported on Form 4 filed Feb 3, 2026).
- Award (code A): 5,705 shares acquired at $0.00 (vesting of PSUs).
- Tax withholding/sale (code F): 1,735 shares disposed at $59.58 each; total value $103,371.
- Shares owned after the transaction: Not specified in the filing.
- Footnote: The 5,705 shares represent PSUs awarded Feb 1, 2023 under Carrier’s 2020 Long‑Term Incentive Plan; they vested based on three‑year EPS growth and total shareholder return vs. a subset of industrial S&P 500 companies.
- Filing timeliness: Form filed Feb 3, 2026; no indication of a late filing in the report.
Context
- This was a compensation vesting event (not a market purchase). The disposal of 1,735 shares was a tax‑withholding/cashless step common when equity awards vest; such disposals are routine and do not necessarily signal a change in insider sentiment.
Insider Transaction Report
Form 4
Pandya Gaurang
President, CSA
Transactions
- Award
Common Stock
[F1]2026-02-01+5,705→ 22,555 total - Tax Payment
Common Stock
2026-02-01$59.58/sh−1,735$103,371→ 20,820 total
Footnotes (1)
- [F1]The acquistion of shares of Carrier common stock represents the vesting of performance share units (PSUs) previously awarded on February 1, 2023 to the reporting person under the Carrier Global Corporation 2020 Long-Term Incentive Plan. Each PSU has a value equal to one share of Carrier Global Corporation common stock. These PSUs vested upon the achievement of the pre-established performance targets for earnings per share growth and total shareholder return relative to a subset of industrial companies in the S&P 500 index over a three-year time period.
Signature
/s/ Erin O'Neal as Attorney-in-Fact|2026-02-03