Carrier (CARR) President Michael Gierges Converts RSUs, Sells 1,296 Shares

What Happened

• Michael Lotfy Gierges, President, CSAME of Carrier Global Corp (CARR), had 5,320 restricted stock units (RSUs) vest and convert into 5,320 common shares on April 1, 2026. To satisfy tax withholding, 1,296 of those shares were surrendered (disposed) at $56.90 per share for a withholding value of $73,742. The filing records the RSU conversion (transaction code M) and the tax withholding (transaction code F).

Key Details

• Transaction date: April 1, 2026; filing date: April 2, 2026 (timely).
• Shares converted: 5,320 RSUs → 5,320 common shares (conversion recorded at $0 exercise price).
• Shares withheld for taxes: 1,296 shares at $56.90 = $73,742.
• Footnotes: F1 — RSUs convert one-for-one and include dividend equivalents credited as additional RSUs. F2 — RSUs were granted on April 1, 2025 and vested on the transaction date.
• Shares owned after the transaction: not specified in the provided filing.

Context

• This was a routine RSU vesting and tax-withholding event, not an open-market purchase or discretionary sale. The surrender of shares to cover taxes is common and does not necessarily indicate a change in the insider’s view of the company. Transaction codes: M = exercise/conversion of derivative (RSU conversion here); F = payment of exercise price or tax liability (share withholding).