TODMAN MICHAEL 4

What Happened

• Michael Todman, a director of Carrier Global Corp (CARR), was granted 3,637.916 Deferred Stock Units (DSUs) on 2026-04-15 at a reported per-unit value of $58.55, for a total reported value of $213,000. The transaction is coded as an award/acquisition (derivative).

Key Details

• Transaction date and value: 2026-04-15; 3,637.916 DSUs × $58.55 = $213,000.
• Transaction type: Award/Acquisition of deferred stock units (derivative), Form 4 filed 2026-04-17 (timely).
• Shares owned after transaction: Not disclosed in the filing.
• Footnote: DSUs were granted under the Carrier Global Corporation Board of Directors Deferred Stock Unit Plan. DSUs (including accrued dividend equivalents) convert into an equal number of Carrier common shares upon the director’s resignation, removal, or retirement and are distributed per the director’s prior election (lump sum or installments).

Context

• These DSUs are part of routine non-employee director compensation, not an open-market purchase or sale. They are derivative units that will convert to common shares upon departure from the board, so this grant reflects compensation rather than an immediate cash investment or sale.