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CARRCarrier Global Corp · Insider ownership research

Carrier Global Corp insiders sold $750M in the past 12 months. How much of their stake is that?

About 24% overall. As a group they still hold 77% of their starting shares.

Updated Oct 8, 2026 from SEC filings · covers Oct 9, 2025 to Oct 8, 2026
How this comparesMore of their stake sold than at 141 of the 156 other companies we can measure (#16 of 157)See ranking
1
buyer among officers and directors (1 trade), past 12 months
0%
of sales were under disclosed trading plans, past 12 months
1 of 21
officers and directors sold shares, past 12 months
Recent activity · past 30 days, Sep 9, 2026 to Oct 8, 2026
Oct 1, 2026Beril Yildiz had 260 shares ($14K) withheld by the company for taxes (not a market sale). That is 24% of the total stake held that day. 1.1K shares came in from vesting or option exercises the same day, so the holding rose by 805 net.
WhoSharesPrice% of total stakeTotal stake afterTrade dateFiled
Beril Yildiz
VP, Controller & CAO
260$55.2224%805Oct 1, 2026Oct 2, 2026

"% of total stake" is the shares in this event against all the vested shares the person held that day, across every share class and holding entity, after that day's vesting. "n/a" means the person's holdings don't reconcile, or the row is a purchase. "Holdings record incomplete" means more shares were sold than the filings show the person held that day, so a percentage would be wrong.

Is this normal? More than usual: about 10x the 5-year average. 1 insider sold; the average is 4 a year. Year by year
Latest filing: Filed Oct 2 for a tax withholding on Oct 1. Beril Yildiz had 260 shares withheld by the company for taxes. Filing
35 SEC ownership filings in the period · See the evidence

What stands out

Maximilian Viessmann (24% of holdings) sold $750M of stock with no disclosed trading plan. The filings don't state a reason.Largest such sale, May 20, 2026
David Gitlin bought 19K shares for $1.0M, first on Nov 25, 2025. These are the first by current officers or directors since May 18, 2020.Purchase, Nov 25, 2025

Percentages cover 9 of 21 officers and directors. 12 are left out

i
Left out: Charles Holley, Michael McNamara, Michael Todman, Jean Garnier, Virginia Wilson, Susan Story, Michael Gierges, Thomas Heim, Beril Yildiz, Neil Barua and Thomas Donato (held no vested shares at the start); John Greisch (most holdings were last confirmed in 2020).
Disclosed company stock is not an insider's whole wealth.

Who sold, and how much of their stake

Officers and directors, past 12 months. Each bar is the insider's vested stake at the start of the period (Oct 8, 2025). The gold part is what they sold.

SoldRest of starting stakeAdded during the period
Maximilian Viessmann
Director
24% · $750MNo plan disclosed
Amounts, filings and trading plans for each seller

Selling by month

Officers and directors, Oct 2025 to Oct 2026. Each sale is counted once: under a disclosed plan, else to cover taxes, else no plan disclosed.

Disclosed planTo cover taxesNo plan disclosed
OctNovDecJanFebMarAprMay 2026: $750M no plan disclosed$750MMayJunJulAugSepOct

Common questions

Is the Carrier Global Corp CEO selling stock?

No. David Gitlin reported no open-market sales in the past 12 months.

Why are Carrier Global Corp insiders selling?

Filings rarely give a reason, and we don't guess at one. What they show is how the sales were made: 0% of sales by value ran under 10b5-1 trading plans disclosed in the filings and 100% had no disclosed plan. A trading plan schedules sales in advance.

Are any Carrier Global Corp insiders buying?

Yes. 1 officer or director reported 1 purchase in the past 12 months (Form 4 code P, which includes private purchases).

How much of their stake did Carrier Global Corp insiders sell?

About 24% overall. As a group they still hold 77% of their starting shares. That covers the 12 months to Oct 8, 2026 and counts vested shares reported on SEC Forms 3, 4 and 5, which is not an insider's whole wealth.

The evidence

Who sold1 officer or director: amount, % of holdings, trading plan
Who soldAmount% of holdingsTrading plan
Maximilian Viessmann
Director
$750M
12.09M shares
24%No plan disclosed
The full ownership picture21 of 21 insiders fully reconciled · 12 officers and directors

Vested shares across all share classes, held directly and through trusts, LLCs and family members, as reported on SEC Forms 3, 4 and 5. Unvested awards and options are never counted as owned shares.

InsiderHeld Oct 8, 2025SoldHeld Oct 8, 2026Still held
Maximilian Viessmann
Director
50.07M−12.09M37.98M76%
Vesting, gifts, unvested awards and holding lines for Maximilian Viessmann
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
Held throughShare classOct 8, 2025Oct 8, 2026
Viessmann Traeger HoldCo GmbHCommon Stock50,074,10937,979,286
David Gitlin
i
Additional holdings last reported more than 3 years ago are shown separately and excluded from totals.
Chairman and CEO, Director
794K0868Kno sales
Vesting, gifts, unvested awards and holding lines for David Gitlin
0shares vested or exercised
0gifted (net of own trusts)
−36Kwithheld by the company for taxes
none reportedunvested awards, start → end
  • Additional holdings last reported more than 3 years ago are shown separately and excluded from totals.
Held throughShare classOct 8, 2025Oct 8, 2026
DirectCommon Stock515,174589,549
Family TrustCommon Stock176,397176,397
Spouse's TrustCommon Stock102,374102,374

Additional holdings last reported Feb 10, 2023, not confirmed since: 19,729 shares. Not included in any total or percentage on this page.

Ajay Agrawal
SVP, Services & Chief BD Ofcr
111K0116Kno sales
Vesting, gifts, unvested awards and holding lines for Ajay Agrawal
0shares vested or exercised
0gifted (net of own trusts)
−1.5Kwithheld by the company for taxes
none reportedunvested awards, start → end
Held throughShare classOct 8, 2025Oct 8, 2026
DirectCommon Stock111,454115,657
Patrick Goris
EVP, Chief Finance/Strat Ofcr
104K0129Kno sales
Vesting, gifts, unvested awards and holding lines for Patrick Goris
0shares vested or exercised
0gifted (net of own trusts)
−16Kwithheld by the company for taxes
none reportedunvested awards, start → end
Held throughShare classOct 8, 2025Oct 8, 2026
DirectCommon Stock104,031128,657
Nadia Villeneuve
i
Additional holdings last reported more than 3 years ago are shown separately and excluded from totals.
SVP, Chief People/Comm Ofcr
101K0113Kno sales
Vesting, gifts, unvested awards and holding lines for Nadia Villeneuve
0shares vested or exercised
0gifted (net of own trusts)
−3.8Kwithheld by the company for taxes
none reportedunvested awards, start → end
  • Additional holdings last reported more than 3 years ago are shown separately and excluded from totals.
Held throughShare classOct 8, 2025Oct 8, 2026
DirectCommon Stock101,137112,522

Additional holdings last reported Feb 10, 2021, not confirmed since: 1,472 shares. Not included in any total or percentage on this page.

Gaurang Pandya
President, CSA
17K050Kno sales
Vesting, gifts, unvested awards and holding lines for Gaurang Pandya
+51Kshares vested or exercised
0gifted (net of own trusts)
−23Kwithheld by the company for taxes
127K → 127Kunvested awards, start → end
Held throughShare classOct 8, 2025Oct 8, 2026
DirectCommon Stock16,85049,890
Francesca Campbell
Senior VP & CLO
5.6K06.9Kno sales
Vesting, gifts, unvested awards and holding lines for Francesca Campbell
0shares vested or exercised
0gifted (net of own trusts)
−581withheld by the company for taxes
9.1K → 9.1Kunvested awards, start → end
Held throughShare classOct 8, 2025Oct 8, 2026
DirectCommon Stock5,5636,940
Edward Dryden
President, CST
4.6K09.4Kno sales
Vesting, gifts, unvested awards and holding lines for Edward Dryden
+6.9Kshares vested or exercised
0gifted (net of own trusts)
−2.1Kwithheld by the company for taxes
30K → 30Kunvested awards, start → end
Held throughShare classOct 8, 2025Oct 8, 2026
DirectCommon Stock4,6119,358
Amy Miles
Director
2860286no sales
Vesting, gifts, unvested awards and holding lines for Amy Miles
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
Held throughShare classOct 8, 2025Oct 8, 2026
Family TrustCommon Stock286286
Michael Gierges
President, CSAME
004Kno sales
Vesting, gifts, unvested awards and holding lines for Michael Gierges
+5.3Kshares vested or exercised
0gifted (net of own trusts)
−1.3Kwithheld by the company for taxes
10K → 10Kunvested awards, start → end
Held throughShare classOct 8, 2025Oct 8, 2026
DirectCommon Stock04,024
Thomas Heim
President, CSE
0014Kno sales
Vesting, gifts, unvested awards and holding lines for Thomas Heim
+14Kshares vested or exercised
0gifted (net of own trusts)
27K → 27Kunvested awards, start → end
Held throughShare classOct 8, 2025Oct 8, 2026
DirectCommon Stock013,847
Beril Yildiz
VP, Controller & CAO
00805no sales
Vesting, gifts, unvested awards and holding lines for Beril Yildiz
+1.1Kshares vested or exercised
0gifted (net of own trusts)
−260withheld by the company for taxes
6.3K → 6.3Kunvested awards, start → end
Held throughShare classOct 8, 2025Oct 8, 2026
DirectCommon Stock0805

21 of 21 insiders fully reconciled: starting holdings plus reported transactions match ending holdings (21 exactly, 0 with a minor or footnoted difference). Percentages cover 9 of 21 officers and directors. Left out: Charles Holley, Michael McNamara, Michael Todman, Jean Garnier, Virginia Wilson, Susan Story, Michael Gierges, Thomas Heim, Beril Yildiz, Neil Barua and Thomas Donato (held no vested shares at the start); John Greisch (most holdings were last confirmed in 2020). "Still held" compares ending with starting vested shares; a plus sign means the holding grew.

What explains the selling$750M of sales by plan status, purpose, seller and month

Officer and director open-market sales: $750M across 12,094,823 shares. Plan status and stated purpose are separate questions, and a sale can have both.

By plan status

No plan disclosed · $750M

Sales with no 10b5-1 plan and no tax reference in the filing. $750M of it is Maximilian Viessmann. No plan disclosed is a statement about the filing, not about why the sale happened. Largest such sale: Maximilian Viessmann, May 20, 2026

Taxes

84,797 shares ($5.2M) were withheld by the company for taxes, which isn't a market sale.

Purchases · 1 buyer (1 trade)

1 officer or director bought shares in this period, in 1 trade(Form 4 code P). Across all their filings on record there are 3 purchase trades.

SellerShares soldProceedsUnder a disclosed planShare of totalSales dates
Maximilian Viessmann
Director
12.09M$750M0%100%May 20, 2026 to May 20, 2026

Sales by month

MonthSale proceedsDisclosed planTo cover taxesNo plan disclosed
Oct 2025$0$0$0$0
Nov 2025$0$0$0$0
Dec 2025$0$0$0$0
Jan 2026$0$0$0$0
Feb 2026$0$0$0$0
Mar 2026$0$0$0$0
Apr 2026$0$0$0$0
May 2026$750M$0$0$750M
Jun 2026$0$0$0$0
Jul 2026$0$0$0$0
Aug 2026$0$0$0$0
Sep 2026$0$0$0$0
Oct 2026$0$0$0$0
Is this normal? Selling year by year5 earlier years to compare with

More than usual: about 10x the 5-year average. 1 insider sold; the average is 4 a year.

12 months endingShares soldInsiders who soldProceeds
Oct 8, 2026
Latest 12 months
12.09M1$750M
Oct 8, 2025
1 year earlier
4.47M3$314M
Oct 8, 2024
2 years earlier
794K6$46.6M
Oct 9, 2023
3 years earlier
825K5$39.8M
Oct 9, 2022
4 years earlier
37K2$2.0M
Oct 9, 2021
5 years earlier
181K5$9.5M

Open-market sales (Form 4 code S) by people who were officers or directors, in split-adjusted shares. Earlier years include people who have since left. A sale that an outside holder also reports (a family trust, a fund) is counted with outside holders in every year. Shares, not dollars, are compared, so a change in the stock price doesn't look like a change in selling. Years the filings don't fully cover are shown but left out of the average.

Known gaps and uncertaintyEvery officer and director reconciles

Every officer and director reconciles for this period.

Inferred rename: "completed its previously announced acquisition of the climate solutions business of Viessmann Group GmbH & Co. KG" is treated as the same holder as "Viessmann Traeger HoldCo GmbH", because the old name was never reported again and the new one opened with the same balance (58,608,959 shares). Old name, new name

External context: we only cite outside events when a documented connection exists. None is shown for this period.

Sources and methodology294 filings from SEC EDGAR, and how we read them

All 294 Forms 3, 4 and 5 filed for Carrier Global Corp (SEC CIK 1783180) from Mar 16, 2020 to Oct 2, 2026, retrieved from SEC EDGAR on Oct 8, 2026. Prices are the ones reported in each filing, often weighted averages.

Holdings. Each holding line (a share class plus an owner, such as a trust or LLC) carries its last reported balance forward. Entities first reported during the period start at zero, so transfers between an insider's own trusts don't count as selling. Lines not reported for three years or more are listed separately and left out of totals.

Sales. A sale counts as under a 10b5-1 plan if its footnote cites one or the filing's Rule 10b5-1 box is checked, and as tax-related if its footnote cites tax obligations or sell-to-cover. Shares withheld by the company for taxes are listed separately. Sales with neither attribute are labeled "no plan disclosed".

Full methodology

Former or inactive filers (14)No filing in 18 months; last reported balances, not in any total
NameLast filedLast reported balance
Kyle CrockettFeb 19, 20254,573 shares, last reported balance as of Feb 14, 2025
Kevin O'ConnorNov 8, 202446,083 shares, last reported balance as of Nov 6, 2024
Jurgen TimpermanMay 1, 2024No balance on record
Beth WozniakApr 19, 2024No balance on record
Timothy WhiteFeb 1, 202413,317 shares, last reported balance as of Sep 1, 2023
Christopher NelsonMay 17, 2023150,519 shares, last reported balance as of May 16, 2023
David AppelAug 6, 202141,071 shares, last reported balance as of Aug 4, 2021
John FaraciMay 4, 202130,560 shares, last reported balance as of Apr 30, 2021
Timothy McLevishMay 18, 2020No balance on record
UNITED TECHNOLOGIES CORP /DE/Mar 23, 2020No balance on record
Michael RyanNo balance on record
Gregory MarshallNo balance on record
Sean MoylanNo balance on record
Christopher WitzkyNo balance on record