In 2023, David Gitlin earned $5.64M in total compensation at Carrier Global, including $1.39M salary and $3.50M bonus. Most recently acquired 304,722 shares in Feb 2025. Currently holds stock worth $32.97M. 5+ years at the helm of Carrier Global.
Compensation History
Annual executive compensation data for David Gitlin, including salary, bonuses, and stock awards.
Year
2023
Total Compensation
$5.64M
Salary
$1.39M
Bonus
$3.50M
Other
$746.64K
Salary
$1.39MBoard Justification
The compensation philosophy emphasizes alignment with long-term performance and shareholder value, with a significant portion of compensation being at-risk and tied to performance metrics.
Bonus
$3.50MBoard Justification
The annual bonus is based on the achievement of corporate, segment, and individual performance objectives, with a final payout factor of 143.0% for 2023.
Other Compensation
$746.64KBoard Justification
Other compensation includes personal use of corporate aircraft, insurance premiums, contributions to retirement plans, financial planning, health benefits, and executive physical costs.
Restricted Stock
Board Justification
No stock awards vested in 2023 as the focus is on performance-based awards that vest over a longer period.
Performance Metrics
The performance metrics include sales growth, adjusted operating profit, and free cash flow, which are critical for determining annual bonuses.
David Gitlin
CEO of Carrier Global
Education
Bachelor's degree in Mechanical Engineering from the University of Maryland and an MBA from Harvard Business School.
Field of Expertise
Technology & Engineering - Engineering
Sector of Economy
Industrials
Born
January 1, 1976 - 49 years ago
CEO of Carrier Global for
5 years 8 months (Apr 2020 - Present)
Previous Experience
Prior to joining Carrier, Mr. Gitlin held various roles at United Technologies Corporation, including leading the aerospace systems division.
Holdings
Track David Gitlin's stock holdings and portfolio value over time.
Total Stock Sold
$19.52M
$19.52M
354,539 CARR shares
What if they kept their stock?
If David Gitlin didn't sell their stock, today they would have:
Extra CARR354,539 shares worth $19.32M.
This is -1.02% and $198.54K less than what they got when they sold the stock.
Insider Trading
David Gitlin's recent stock transactions, purchases, and sales filed with the SEC.
304,722 shares
CARR
Feb 3, 2025
Received
$19.20M
CARR at $54.16/share
Feb 8, 2024
Sale
210,857 shares
CARR
Feb 4, 2024
Received
184,960 shares
CARR
May 16, 2023
Received
$1.00M
CARR at $17.45/share
May 18, 2020
Purchase
$1.00M
CARR at $17.45/share
May 18, 2020
Received
Rivals
Compare David Gitlin with competitor CEOs and industry peers.
Todd M. Bluedorn
CEO of Lennox International
2019 Compensation
Stock
$5.25M
Salary
$1.23M
Bonus
$2.17M
Other
$47.30K
Total Holdings
$867.76K
Vicente Reynal
CEO of Ingersoll Rand
2023 Compensation
Stock
$0.00
Salary
$1.13M
Bonus
$3.43M
Other
$175.95K
Total Holdings
$49.37M
Richard J. Tobin
CEO of Dover
2023 Compensation
Stock
$3.25M
Salary
$1.29M
Bonus
$2.00M
Other
$207.19K
Total Holdings
$104.20K
David S. Regnery
CEO of Trane Technologies
2022 Compensation
Stock
$0.00
Salary
$1.24M
Bonus
$0.00
Other
$421.22K
Total Holdings
$91.16M
John H. Stone
CEO of Allegion
2023 Compensation
Stock
$1.38M
Salary
$1.03M
Bonus
$0.00
Other
$9.00K
Total Holdings
$33.20M