Agrawal Ajay 4

What Happened
Ajay Agrawal, SVP, Services & Chief Business Development Officer at Carrier Global Corp (CARR), had 5,705 performance share units (PSUs) vest on Feb 1, 2026 (acquisition code A). To satisfy tax withholding obligations (code F), 1,502 of those shares were disposed at $59.58 each, producing proceeds of approximately $89,489. The vested PSUs had an acquisition value of $0 because they were a performance-based award.

Key Details

• Transaction date: 2026-02-01 (Form 4 filed 2026-02-03).
• Award (A): 5,705 shares vested; Acquisition price reported $0 (PSUs converting to common stock).
• Tax withholding (F): 1,502 shares disposed at $59.58 each — proceeds ≈ $89,489.
• Net shares retained from this vesting event: 5,705 − 1,502 = 4,203 shares.
• Footnote: The PSUs were originally granted Feb 1, 2023 under Carrier’s 2020 Long-Term Incentive Plan and vested after meeting three-year EPS growth and relative TSR performance targets versus a subset of industrial S&P 500 companies.
• Filing timeliness: Filed Feb 3, 2026 for 2026-02-01 transactions (no late filing indicated).

Context
This was a performance-based vesting event, not an open-market purchase — the acquisition reflects shares delivered after meeting long-term performance goals. The sale of 1,502 shares was a routine sell-to-cover to pay tax liabilities and does not necessarily indicate a change in the insider’s market view.