Carrier Global Reports Executive Compensation Changes
Ticker: CARR · Form: 8-K · Filed: Feb 1, 2024 · CIK: 1783180
| Field | Detail |
|---|---|
| Company | Carrier Global CORP (CARR) |
| Form Type | 8-K |
| Filed Date | Feb 1, 2024 |
| Risk Level | low |
| Pages | 4 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.01, $56.33 |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: executive-compensation, corporate-governance, 8-K
TL;DR
**Carrier Global just updated executive pay structures, watch for impact on leadership incentives.**
AI Summary
Carrier Global Corporation filed an 8-K on February 1, 2024, reporting an event that occurred on January 30, 2024, related to changes in its executive compensation arrangements. This filing, under Item 5.02, indicates potential shifts in how the company incentivizes its leadership, which could impact future financial performance and shareholder value. Investors should note these changes as they reflect the company's strategy for executive retention and motivation.
Why It Matters
Changes in executive compensation can signal shifts in a company's strategic priorities or financial health, directly influencing management's incentives and potentially affecting long-term stock performance.
Risk Assessment
Risk Level: low — This filing is purely informational regarding executive compensation arrangements and does not indicate an immediate financial risk or operational disruption.
Analyst Insight
A smart investor would monitor subsequent filings, such as proxy statements, to understand the specific details of the compensatory arrangements and assess their potential impact on executive performance and company strategy.
Key Numbers
- 001-39220 — Commission File Number (identifies Carrier Global's filings with the SEC)
- 83-4051582 — I.R.S. Employer Identification No. (unique tax identification for Carrier Global)
Key Players & Entities
- CARRIER GLOBAL CORPORATION (company) — the registrant filing the 8-K
- January 30, 2024 (date) — date of the earliest event reported
- February 1, 2024 (date) — date the 8-K was filed
- Delaware (company) — state of incorporation for Carrier Global Corporation
- 001-39220 (dollar_amount) — Commission File Number
- 83-4051582 (dollar_amount) — I.R.S. Employer Identification No.
- 13995 Pasteur Boulevard Palm Beach Gardens, Florida 33418 (company) — address of principal executive offices
- 561-365-2000 (dollar_amount) — registrant's telephone number
- CARR (company) — trading symbol for Common Stock
- New York Stock Exchange (company) — exchange where Common Stock is registered
Forward-Looking Statements
- Carrier Global's executive compensation changes will be detailed in future proxy statements. (CARRIER GLOBAL CORPORATION) — high confidence, target: 2024-04-30
- The changes in compensatory arrangements will aim to align executive incentives with long-term shareholder value. (CARRIER GLOBAL CORPORATION) — medium confidence, target: 2025-01-01
FAQ
What was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on January 30, 2024.
When was this 8-K filing submitted to the SEC?
This 8-K filing was submitted to the SEC on February 1, 2024.
What is the primary item number under which this 8-K was filed?
This 8-K was filed under Item 5.02, which pertains to 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers'.
What is the trading symbol and the exchange where Carrier Global Corporation's common stock is registered?
Carrier Global Corporation's common stock trades under the symbol CARR on the New York Stock Exchange.
What is the business address of Carrier Global Corporation as stated in the filing?
The business address of Carrier Global Corporation is 13995 Pasteur Boulevard, Palm Beach Gardens, Florida 33418.
Filing Stats: 1,083 words · 4 min read · ~4 pages · Grade level 13.2 · Accepted 2024-02-01 16:30:16
Key Financial Figures
- $0.01 — nge on which registered Common Stock ($0.01 par value) CARR New York Stock Exch
- $56.33 — ng the grant, with an exercise price of $56.33 per share, which represents the closing
Filing Documents
- eh240444655_8k.htm (8-K) — 27KB
- 0000950142-24-000264.txt ( ) — 195KB
- carr-20240130.xsd (EX-101.SCH) — 3KB
- carr-20240130_lab.xml (EX-101.LAB) — 33KB
- carr-20240130_pre.xml (EX-101.PRE) — 22KB
- eh240444655_8k_htm.xml (XML) — 3KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: February 1, 2024 CARRIER GLOBAL CORPORATION By: /s/ Kevin O'Connor Name: Kevin O'Connor Title: Senior Vice President and Chief Legal Officer