Carrier Global Grants Supplemental Equity Award to CEO David Gitlin

Details

The award, which is performance-based and designed to incentivize and support Mr. Gitlin's long-term retention, consists of performance share units and stock appreciation rights. The award's vesting is contingent on achieving specific performance goals and Mr. Gitlin remaining with the company through 2029. This action reflects the company's strategy to align executive compensation with long-term shareholder value creation.

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About Carrier Global Corporation

Carrier Global Corporation is a leading provider of heating, ventilating, and air conditioning (HVAC), refrigeration, and fire and security solutions on a global scale. Its primary function revolves around creating a comfortable, safe, and sustainable environment by delivering high-technology HVAC and refrigeration solutions. Originating from the historic invention of the modern air conditioner in 1902, Carrier has continued to be at the forefront of HVAC innovation. The company’s offerings are vital across various sectors, impacting residential, commercial, industrial, and transportation markets by ensuring energy-efficient, reliable climate control systems. Carrier Global Corporation also emphasizes smart and hands-off security solutions, offering products that integrate advanced technologies to protect businesses and homes. In the financial market, Carrier holds a significant position as a part of the S&P 500 index, denoting its substantial market capitalization and influence. Through its continuous commitment to innovation and sustainability, Carrier Global Corporation remains a pivotal entity in addressing global environmental challenges and energy efficiency needs.