Pandya Gaurang 4

What Happened
Gaurang Pandya, President (CSA) of Carrier Global Corp (CARR), had 50,616 restricted stock units (RSUs) convert into common shares on May 1, 2026. To satisfy tax withholding, 21,546 of those shares were surrendered/sold at $67.62 per share for a total of $1,456,941. The RSU conversion shows an acquisition of 50,616 shares and a simultaneous disposition for withholding.

Key Details

• Transaction date: 2026-05-01.
• Conversion: 50,616 RSUs converted to 50,616 shares (code M) at $0 exercise price (RSUs, not stock options).
• Tax withholding/sale: 21,546 shares disposed (code F) at $67.62 = $1,456,941.
• Net shares received from the vesting: 50,616 − 21,546 = 29,070 shares (net delivered to the insider).
• Footnotes: F1 — RSUs convert one-for-one and include dividend equivalents; F2 — RSUs were granted on May 1, 2023 and fully vested on the transaction date.
• Filing timeliness: Reported on 2026-05-01 (same day as transaction), indicating a timely filing.

Context
This was an RSU vesting event, not an open-market investment decision. The M codes reflect conversion of RSUs into common stock; the F code reflects shares withheld/surrendered to cover tax liabilities (a routine administrative step). Such withholding sales are common and don’t necessarily indicate the insider’s view of the company’s prospects.