Carrier Announces $500 Million Accelerated Share Repurchase Program

Carrier Global Corporation (NYSE: CARR) (the "Company") today announced that it has entered into an accelerated share repurchase agreement ("ASR") with Goldman Sachs & Co. LLC ("Goldman Sachs"), to repurchase $500 million of the Company's common stock. The Company intends to use part of the proceeds from the sale of the Chubb business to finance the purchases of shares under the ASR. The ASR was entered into pursuant to the Company's share repurchase program, under which $1.6 billion remained available as of Dec. 31, 2021 and $1.1 billion will remain available after giving effect to the ASR.