Major Shareholder Maintains 4% Stake Despite Large Block Deal; Strategic Partnership Continues

Majority shareholder Bisman affiliate executed a Rule 144 block trade through J.P. Morgan on May 20, selling approximately 12 million shares of Carrier common stock at $62.01 per share and raising about $750 million in liquidity, the company disclosed. Even after this sale, Bisman Trager Holdco and related entities continue to hold roughly 38 million shares—about the mid-4% range of outstanding stock. The Bisman group said the transaction was a portfolio realignment and that it remains committed as a long-term shareholder and board participant.

Maximilian Bisman, the reporting party for the transaction, reduced his indirect stake via entities under the Bisman Generations Group but still holds interests valued at approximately $2.3 billion to $2.4 billion (around KRW 3 trillion). Bisman, a member of Carrier’s board, is slated to become chairman of the Technology & Innovation Committee, ensuring continued strategic and technical collaboration.

Meanwhile, in its Q1 2026 results announced at the end of April, Carrier beat market expectations for both revenues and earnings. Research firm Argus recently raised its price target on Carrier to $75 while maintaining a “buy” rating. Carrier’s stock has traded around $60 in mid-May, and management used a recent global industrial and transportation conference to outline its business strategy and medium- to long-term outlook.

Headquartered in Florida, Carrier Global Corporation is a leading provider of HVAC, refrigeration, building automation, and fire & security solutions. Spun off from United Technologies and now operating as an independent public company, Carrier is well positioned to capitalize on rising demand for high-efficiency HVAC systems and smart building solutions. Driven by energy-efficiency and carbon-reduction trends, the commercial and residential equipment replacement markets are cited as key growth drivers for the global HVAC industry.