Carrier Global CEO David Gitlin Sold $30.1M Then Bought $1M — A Rare CEO Reversal
Carrier Global CEO David Gitlin sold $30.1M in CARR stock, including a $19.2M single-day sale. Then in November 2025, he made a rare $1M open-market purchase at $52.62/share.
David L. Gitlin, CEO of Carrier Global (CARR), has filed 133 insider transactions including $30.1 million in career sales — but his most recent filing is a $1.0 million open-market purchase. The November 2025 buy of 19,300 shares at $52.62 marks a clear reversal from his prior selling pattern, which included a $19.2M single-day disposition in February 2024.
The Numbers
| Metric | Value |
|---|---|
| Career Sell Value | $30.1M |
| Career Buy Value | $2.0M |
| Total Transactions | 133 |
| Last Transaction | 2026-02-01 |
| Shares Remaining | 534,474 |
Recent Activity
| Date | Type | Shares | Price | Est. Value |
|---|---|---|---|---|
| 2025-11-25 | Buy | 19,300 | $52.6203 | $1.0M |
Gitlin's February 2024 activity was a massive exercise-and-sell: 473,269 options exercised and 354,539 shares sold at $54.16, netting $19.2M in a single day. Twenty-one months later, he reversed course with a $1M open-market purchase at a similar price level. This buy-at-the-same-price-you-sold pattern is a powerful insider signal — the CEO chose to put personal cash into shares he'd previously monetized from compensation.
What It Means
The contrast between Gitlin's $19.2M sell and his subsequent $1M buy deserves attention. A CEO who cashes out $19M from options and then buys back $1M at nearly the same price is making a deliberate statement. The $2M in career purchases against $30.1M in sales still skews heavily toward selling, but the timing of the buy — after Carrier's acquisition of Viessmann's climate division — may signal confidence in the company's transformation.
With 534,474 shares remaining, Gitlin holds a substantial ~$28M position in CARR. The November 2025 purchase adds to this base at a time when Carrier is integrating its largest-ever acquisition and pivoting toward energy-efficient HVAC solutions. For investors, a CEO buying stock after a period of heavy selling is one of the most bullish insider signals — it suggests Gitlin sees value at current levels that wasn't present when he was selling.
What to Watch
- Whether Gitlin makes additional open-market purchases in Q1 2026
- Carrier's Viessmann integration milestones and margin expansion targets
- HVAC demand trends amid European energy efficiency mandates
- Other Carrier C-suite buying activity following the CEO's lead
Breaking News Editor at 13F Insight. First to report on major SEC filings, institutional moves, and regulatory developments.
More from Alex →