Carrier approves $2.5M performance & retention bonus for Fire & Security president amid divestiture

CARRIER GLOBAL Corp

Jurgen Timperman, President of Fire & Security, eligible for cash bonuses up to $2.5M over multi-year period.
Performance Bonus tied to exceeding Adjusted Operating Profit and Free Cash Flow targets for the exiting businesses.
Deal Bonus payable upon completion of the Fire & Security business exit, subject to continued employment.
Compensation Committee approved arrangement as retention incentive during divestiture process.

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