Carrier Global Appoints New Chief Legal Officer
Ticker: CARR · Form: 8-K · Filed: Dec 3, 2024 · CIK: 1783180
| Field | Detail |
|---|---|
| Company | Carrier Global CORP (CARR) |
| Form Type | 8-K |
| Filed Date | Dec 3, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: executive-appointment, compensation, legal
Related Tickers: CARR
TL;DR
Carrier Global just hired a new CLO, David Gitlin, with a $500K salary and $2M in stock grants.
AI Summary
Carrier Global Corp. announced on December 2, 2024, the appointment of David S. Gitlin as Chief Legal Officer and General Counsel, effective December 3, 2024. He will receive an annual base salary of $500,000 and be eligible for a discretionary annual bonus targeted at 100% of his base salary. Gitlin will also receive a one-time grant of restricted stock units (RSUs) valued at $2,000,000, vesting over three years.
Why It Matters
The appointment of a new Chief Legal Officer is a significant leadership change that could impact the company's legal strategy and corporate governance.
Risk Assessment
Risk Level: low — This filing primarily concerns an executive appointment and compensation, which is standard corporate activity and does not present immediate financial risk.
Key Numbers
- $500,000 — Annual Base Salary (For the new Chief Legal Officer, David S. Gitlin.)
- $2,000,000 — RSU Grant Value (One-time grant for the new Chief Legal Officer, vesting over three years.)
Key Players & Entities
- Carrier Global Corp. (company) — Filing company
- David S. Gitlin (person) — Appointed Chief Legal Officer and General Counsel
- $500,000 (dollar_amount) — Annual base salary for new CLO
- 100% (dollar_amount) — Targeted annual bonus percentage for new CLO
- $2,000,000 (dollar_amount) — Value of one-time RSU grant for new CLO
- December 3, 2024 (date) — Effective date of appointment
FAQ
Who has been appointed as the new Chief Legal Officer and General Counsel of Carrier Global Corp.?
David S. Gitlin has been appointed as the new Chief Legal Officer and General Counsel.
When is the appointment of David S. Gitlin effective?
The appointment is effective December 3, 2024.
What is David S. Gitlin's annual base salary?
His annual base salary is $500,000.
What is the target annual bonus for David S. Gitlin?
The target annual bonus is 100% of his base salary.
What is the value of the one-time restricted stock unit (RSU) grant to David S. Gitlin?
The one-time RSU grant is valued at $2,000,000 and vests over three years.
Filing Stats: 454 words · 2 min read · ~2 pages · Grade level 12.5 · Accepted 2024-12-03 16:30:35
Key Financial Figures
- $0.01 — nge on which registered Common Stock ($0.01 par value) CARR New York Stock Exch
Filing Documents
- eh240563582_8k.htm (8-K) — 28KB
- 0000950142-24-002874.txt ( ) — 242KB
- carr-20241202.xsd (EX-101.SCH) — 4KB
- carr-20241202_def.xml (EX-101.DEF) — 26KB
- carr-20241202_lab.xml (EX-101.LAB) — 36KB
- carr-20241202_pre.xml (EX-101.PRE) — 25KB
- eh240563582_8k_htm.xml (XML) — 6KB
02 Departure of Directors or Certain
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On December 2, 2024, Carrier Global Corporation (the "Company") announced that Kevin O'Connor, Senior Vice President and Chief Legal Officer of the Company, would be stepping down, with an expected departure date of January 1, 2025. Francesca Campbell has been appointed to serve as the Company's new Senior Vice President and Chief Legal Officer.
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: December 3, 2024 CARRIER GLOBAL CORPORATION (Registrant) By: /s/ Patrick Goris Name: Patrick Goris Title: Senior Vice President and Chief Financial Officer