Sundar PichaiSundar Pichai earned $164M in 2023

David Gitlin is the Chief Executive Officer of Carrier Global Corporation, where he's leading a major transformation of the company. Under his watch, Carrier has acquired Viessmann Climate Solutions for about $13 billion and divested its Fire & Security and...

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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 3 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

See how much did David Gitlin make over time.

David Gitlin's total direct holdings in Carrier Global Corporation have fluctuated as he adapted his portfolio to align with company goals. At times, he has had significant equity in performance-based awards tied to the company’s stock price and earnings growth....

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Total Stock Sold

$19.52M

CARR

$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 $8.61M.
This is -55.9% and $10.91M less than what they got when they sold the stock.

Insider Trading

See recent insider trades of David Gitlin.

CARR

152,361 shares

CARR

Feb 3, 2025

Received

CARR

$19.20M

CARR at $54.16/share

Feb 8, 2024

Sale

CARR

210,857 shares

CARR

Feb 4, 2024

Received

CARR

184,960 shares

CARR

May 16, 2023

Received

CARR

$1.00M

CARR at $17.45/share

May 18, 2020

Purchase

CARR

$1.00M

CARR at $17.45/share

May 18, 2020

Received

Compensation History

See how much did David Gitlin make over time.

In 2023, David Gitlin's total compensation reached about $17.5 million. This includes a base salary of $1.39 million and a performance bonus of $3.5 million, which was based on achieving rigorous company goals. The bonus reflects a strong payout factor of 143%, indicating that the company's performance metrics were met or exceeded. Notably, Gitlin's compensation package is structured to promote long-term growth and shareholder value, with a significant portion of his pay contingent on performance. His package also includes supplemental equity grants that vest over time, which ties his financial success directly to Carrier's future performance. This pay structure signals a clear commitment to aligning personal and shareholder interests in the company's success.

Year

2023

Total Compensation

$5.64M

Salary

$1.39M

Board 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

$3.50M

Board 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

$746.64K

Board 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

$0.00(0 N/A)

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.