Pandya Gaurang 4

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.