Villeneuve Nadia 4

What Happened
Nadia Villeneuve, Senior Vice President and Chief People & Communications Officer at Carrier Global Corp (CARR), had 15,194 shares of common stock issued to her on Feb 1, 2026 as the vesting of performance share units (PSUs). To satisfy tax withholding, 3,809 of those shares were disposed of at $59.58 per share, generating proceeds of $226,940 (code F indicates tax withholding).

Key Details

• Transaction date: 2026-02-01 (reported on Form 4 filed 2026-02-03). Filing appears timely.
• Award: 15,194 shares (code A) acquired at $0.00 — vesting of PSUs previously granted.
• Tax withholding sale: 3,809 shares (code F) disposed at $59.58 each for $226,940.
• Shares owned after transaction: not disclosed in the provided filing.
• Footnote: These shares represent PSUs awarded Feb 1, 2023 under Carrier’s 2020 Long-Term Incentive Plan; PSUs vested upon achieving pre-established EPS growth and total shareholder return goals vs. a subset of industrial S&P 500 companies over a three-year period.

Context
PSUs are a form of equity compensation that convert to company shares only if performance goals are met; their vesting here reflects achievement of those targets. The simultaneous sale of a portion of vested shares to cover taxes is routine and coded F (tax withholding) — it is not the same as an open-market sale intended to take a market view.