secwatch.observer — SEC 8-K summary
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Issuer:     CARRIER GLOBAL Corp (CARR)
CIK:        0001783180
Form:       8-K
Filed at:   2023-06-12T23:59:59+00:00
Accession:  0000950142-23-001664
Event type: leadership
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1783180/000095014223001664/0000950142-23-001664-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1783180/000095014223001664/eh230368456_8k.htm
  HTML page:      https://secwatch.observer/filing/0000950142-23-001664

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer