Carrier Global Corp DEF 14A Filing

Ticker: CARR · Form: DEF 14A · Filed: Mar 5, 2024 · CIK: 1783180

Carrier Global CORP DEF 14A Filing Summary
FieldDetail
CompanyCarrier Global CORP (CARR)
Form TypeDEF 14A
Filed DateMar 5, 2024
Risk Levellow
Pages14
Reading Time17 min
Key Dollar Amounts$2 billion
Sentimentneutral

Sentiment: neutral

Topics: DEF 14A, Carrier Global Corp, Corporate Governance, Executive Compensation, Shareholder Meeting

TL;DR

<b>Carrier Global Corp filed its DEF 14A on March 5, 2024, detailing corporate governance and executive compensation information.</b>

AI Summary

CARRIER GLOBAL Corp (CARR) filed a Proxy Statement (DEF 14A) with the SEC on March 5, 2024. Carrier Global Corp filed a DEF 14A on March 5, 2024. The filing covers the period ending April 18, 2024. The company's fiscal year ends on December 31. Carrier Global Corp is incorporated in Delaware. The company's business and mailing address is 13995 Pasteur Boulevard, Palm Beach Gardens, FL 33418.

Why It Matters

For investors and stakeholders tracking CARRIER GLOBAL Corp, this filing contains several important signals. This DEF 14A filing provides crucial information for shareholders regarding executive compensation, director nominations, and other corporate governance matters, enabling informed voting decisions. Understanding the details within this filing is essential for investors to assess management's alignment with shareholder interests and the company's overall strategic direction.

Risk Assessment

Risk Level: low — CARRIER GLOBAL Corp shows low risk based on this filing. The filing is a routine DEF 14A, providing standard corporate governance and executive compensation disclosures, with no immediate financial or operational red flags.

Analyst Insight

Review the executive compensation details and director nominations to understand potential impacts on shareholder value and corporate strategy.

Key Numbers

Key Players & Entities

FAQ

When did CARRIER GLOBAL Corp file this DEF 14A?

CARRIER GLOBAL Corp filed this Proxy Statement (DEF 14A) with the SEC on March 5, 2024.

What is a DEF 14A filing?

A DEF 14A is a definitive proxy statement sent to shareholders before annual meetings, covering executive compensation, board nominations, and shareholder votes. This particular DEF 14A was filed by CARRIER GLOBAL Corp (CARR).

Where can I read the original DEF 14A filing from CARRIER GLOBAL Corp?

You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by CARRIER GLOBAL Corp.

What are the key takeaways from CARRIER GLOBAL Corp's DEF 14A?

CARRIER GLOBAL Corp filed this DEF 14A on March 5, 2024. Key takeaways: Carrier Global Corp filed a DEF 14A on March 5, 2024.. The filing covers the period ending April 18, 2024.. The company's fiscal year ends on December 31..

Is CARRIER GLOBAL Corp a risky investment based on this filing?

Based on this DEF 14A, CARRIER GLOBAL Corp presents a relatively low-risk profile. The filing is a routine DEF 14A, providing standard corporate governance and executive compensation disclosures, with no immediate financial or operational red flags.

What should investors do after reading CARRIER GLOBAL Corp's DEF 14A?

Review the executive compensation details and director nominations to understand potential impacts on shareholder value and corporate strategy. The overall sentiment from this filing is neutral.

Key Dates

Filing Stats: 4,318 words · 17 min read · ~14 pages · Grade level 15 · Accepted 2024-03-05 09:09:43

Key Financial Figures

Filing Documents

Executive Compensation and Performance

Executive Compensation and Performance 4 202 3 Performance and Business Highlights 5 Independent Auditor 5 Our Company 6 About Carrier 6 Our Business Segments 6 Secular Trends Driving Growth 6 Portfolio Transformation 7 Advancing Solutions for Customers 7 Sustainability 8 Inclusion & Diversity 10 Carrier Employee Scholar Program 10 Corporate Social Responsibility 10 PROPOSAL 1: Election of Directors 11 Criteria for Board Membership 11 The Board's Self-Evaluation Process 14 Board Refreshment and Nomination Process 14 Nominees for the 2024 Annual Meeting 15 Corporate Governance 21 Compensation of Directors 28 Share Ownership 30 PROPOSAL 2: Advisory Vote to Approve Named Executive Officer Compensation 32 Compensation Discussion and Analysis 33 Report of the Compensation Committee 48 Compensation Tables 49 CEO Pay Ratio 56 Pay Versus Perf ormance Disclosure 58 Audit Matters 62 Report of the Audit Committee 62 PROPOSAL 3: Ratify Ap point ment of Independent Auditor for 2024 63 PROPOSAL 4: S hareowner Proposal – T ranspare ncy in L obbyin g 65 Frequently Asked Questions About the Annual Meeting 68 Other Important Information 74 APPENDIX A: Reconciliation of GAAP Measures to Corresponding Non-GAAP Measures 76 Important Notice Regarding the Availability of Proxy Materials for the Annual Meeting of Shareowners to be held on April 18, 2024. This Notice of the 2024 Annual Meeting of Shareowners and Proxy Statement as well as Carrier's 2023 Annual Report are available free of charge at www.proxyvote.com or at www.corporate.carrier.com. References in either document to our website are for the convenience of readers, and information available at or through our corporate website is not a part of nor is it incorporated by reference in the Proxy Statement or Annual Report. The Board of Directors of Carrier Global Corporation (the "Board") is soliciting proxies to be voted at our 20

Executive Compensation and Performance

Executive Compensation and Performance Advisory Vote to Approve Named Executive Officer (NEO) Compensation What are you voting on? We are asking our shareowners to approve, on an advisory basis, the compensation paid to Carrier's named executive officers disclosed in this Proxy Statement. We hold say-on-pay votes annually. The Board believes that our compensation policies and practices are effective in achieving the goals of the compensation program, and that our actions have been responsive to shareowner feedback related to last year's say-on-pay vote. Our Board recommends a vote FOR the say-on-pay proposal The overall objective of the compensation program is to encourage and reward the creation of sustainable, long-term shareowner value. The current elements of the executive compensation program directly align the interests of the executives and shareowners, are competitive, motivate achievement of short- and long-term financial goals and strategic objectives, and align realized pay with performance. 2023 Executive Compensation Program Principal Components ELEMENT FORM OF AWARD PERIOD BASE SALARY Cash One year ANNUAL BONUS At-Risk Pay Performance-Based Pay Cash One year LONG-TERM INCENTIVES (LTI) Stock Appreciation Rights (SARs) 50% Vest after three years Performance Share Units (PSUs) 50% Vest after three years CEO 2023 Other NEOs 2023 For the calculations above, total target direct compensation for 2023 includes annual base salary, the target value of annual bonus compensation and the target value of annual LTI awards, but does not include the target value of other special, one-time grants (e.g., sign-on or retention equity awards). 4 Carrier Global Corporation Proxy Summary Our Company Proposal 1: Election of Directors Share Ownershi p Proposal 2: NEO Compensation Audit Matters Proposal 3: Independent Auditor Proposal 4: Shareowner Propos al FAQs Other Information Appendix 2023 Performance and Business Highlights

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