Carrier Global CEO David Gitlin Sold $30.1M Then Bought $1M — A Rare CEO Reversal

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