Carrier Global Reports Executive Compensation Changes

Ticker: CARR · Form: 8-K · Filed: 2024-02-01T00:00:00.000Z

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.

From the Filing

0000950142-24-000264.txt : 20240201 0000950142-24-000264.hdr.sgml : 20240201 20240201163016 ACCESSION NUMBER: 0000950142-24-000264 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 14 CONFORMED PERIOD OF REPORT: 20240130 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers FILED AS OF DATE: 20240201 DATE AS OF CHANGE: 20240201 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CARRIER GLOBAL Corp CENTRAL INDEX KEY: 0001783180 STANDARD INDUSTRIAL CLASSIFICATION: AIR COND & WARM AIR HEATING EQUIP & COMM & INDL REFRIG EQUIP [3585] ORGANIZATION NAME: 06 Technology IRS NUMBER: 834051582 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-39220 FILM NUMBER: 24587379 BUSINESS ADDRESS: STREET 1: 13995 PASTEUR BOULEVARD CITY: PALM BEACH GARDENS STATE: FL ZIP: 33418 BUSINESS PHONE: 5613652000 MAIL ADDRESS: STREET 1: 13995 PASTEUR BOULEVARD CITY: PALM BEACH GARDENS STATE: FL ZIP: 33418 FORMER COMPANY: FORMER CONFORMED NAME: Carrier Global Corp DATE OF NAME CHANGE: 20190722 8-K 1 eh240444655_8k.htm FORM 8-K false 0001783180 0001783180 2024-01-30 2024-01-30 iso4217:USD xbrli:shares iso4217:USD xbrli:shares   UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549     FORM 8-K     CURRENT REPORT   Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934   Date of Report (Date of earliest event reported): January 30, 2024     CARRIER GLOBAL CORPORATION   (Exact name of registrant as specified in its charter)   Delaware 001-39220 83-4051582 (State or other jurisdiction of incorporation) (Commission File Number) (I.R.S. Employer Identification No.)   13995 Pasteur Boulevard Palm Beach Gardens , Florida 33418 (Address of principal executive offices, including zip code)   ( 561 ) 365-2000 (Registrant’s telephone number, including area code)   N/A (Former name or former address, if changed since last report)     Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:   ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)     ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)     ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))     ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))   Securities registered pursuant to Section 12(b) of the Act:   Title of each class   Trading Symbol(s)   Name of each exchange on which registered Common Stock ($0.01 par value)   CARR   New York Stock Exchange   Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).   Emerging growth company ☐   If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐             Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.   At a regularly scheduled meeting on January 30, 2024, the independent members of the Board of Directors (the “Board”) of Carrier Global Corporation (“Carrier” or “we”) approved, following the recommendation o