| FORM 4 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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| Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). | |||||||||||||||||
1. Name and Address of Reporting Person*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
CARRIER GLOBAL Corp [ CARR ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 02/08/2024 | ||||||||||||||||||||||||||
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4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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| Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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| 1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
| Code | V | Amount | (A) or (D) | Price | ||||||
| Common Stock | 02/08/2024 | M | 320,042(1) | A | $21.43 | 800,850 | D | |||
| Common Stock | 02/08/2024 | M | 67,250(1) | A | $15.98 | 868,100 | D | |||
| Common Stock | 02/08/2024 | M | 46,819(1) | A | $18.53 | 914,919 | D | |||
| Common Stock | 02/08/2024 | M | 39,158(1) | A | $19.24 | 954,077 | D | |||
| Common Stock | 02/08/2024 | F | 176,730 | D | $54.06 | 777,347 | D | |||
| Common Stock | 02/08/2024 | S | 354,539 | D | $54.1635(2) | 422,808 | D | |||
| Common Stock | 176,397 | I | By Family Trust | |||||||
| Common Stock | 102,374 | I | By Spouse's Trust | |||||||
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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| 1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date (Month/Day/Year) | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
| Stock Appreciation Right | $19.24 | 02/08/2024 | M | 39,158 | 01/02/2018 | 01/01/2025 | Common Stock | 39,158 | $0.0000 | 0.0000 | D | ||||
| Stock Appreciation Right | $21.43 | 02/08/2024 | M | 320,042 | 01/02/2021 | 01/01/2028 | Common Stock | 320,042 | $0.0000 | 0.0000 | D | ||||
| Stock Appreciation Right | $18.53 | 02/08/2024 | M | 46,819 | 01/03/2020 | 01/02/2027 | Common Stock | 46,819 | $0.0000 | 0.0000 | D | ||||
| Stock Appreciation Right | $15.98 | 02/08/2024 | M | 67,250 | 01/04/2019 | 01/03/2026 | Common Stock | 67,250 | $0.0000 | 0.0000 | D | ||||
| Explanation of Responses: |
| 1. The Stock Appreciation Rights (SARs) were settled in shares in accordance with terms of the award. For Section 16 reporting purposes, the exercise of SARs for stock is treated as an exempt acquisition of the shares underlying the SARs at the exercise price per share specified in the award of SARS and a simultaneous sale back to the issuer of a number of the underlying shares having a value, based on the market price of the issuer's stock on the date of the exercise, equal to the product of the number of underlying SARs times the exercise price per share. |
| 2. The price reported in Column 4 is a weighted average price for shares sold in multiple transactions. The sale prices range from $53.51 to $54.665 per share. The reporting person has provided to the issuer and undertakes to provide to the Commission staff or a security holder of the issuer, upon request, full information regarding the number of shares sold at each separate price within the range. |
| /s/ Erin O'Neal as Attorney-in-Fact | 02/09/2024 | |
| ** Signature of Reporting Person | Date | |
| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
| * If the form is filed by more than one reporting person, see Instruction 4 (b)(v). | ||
| ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
| Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. | ||