Carrier Global Incentivizes CEO for Long-Term Growth Strategy

Carrier Global (CARR) has released an update to notify the public and investors about its officers.

Carrier Global Corporation’s Board, following the Compensation Committee’s advice, approved a supplemental equity award for CEO David Gitlin to incentivize his retention and reward his leadership during the company’s significant transformation, which includes acquisitions and divestitures. The performance-based award, consisting of performance share units and stock appreciation rights, has a five-year vesting period, linking it to Carrier’s long-term growth and aligning Gitlin’s compensation with shareholder value. The grant is conditioned on rigorous earnings growth and stock price targets, and full value is contingent upon Gitlin’s continued employment through 2029.

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For a comprehensive understanding of the announcement, you can read the full document here.