Abbe Luersman - Aug 2, 2021 Form 4 Insider Report for Otis Worldwide Corp (OTIS)

Role
EVP & CPO
Signature
Joshua A. Mullin
Stock symbol
OTIS
Transactions as of
Aug 2, 2021
Transactions value $
$1,392,116
Form type
4
Date filed
8/4/2021, 04:23 PM
Previous filing
Aug 4, 2021
Next filing
Feb 7, 2022

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction OTIS Restricted Stock Units Award +3.51K 3.51K Aug 2, 2021 Common Stock 3.51K Direct F1, F2
transaction OTIS Restricted Stock Units Award +8.77K 8.77K Aug 2, 2021 Common Stock 8.77K Direct F1, F3
transaction OTIS Stock Appreciation Rights Award $1.39M +15.5K $89.93 15.5K Aug 2, 2021 Common Stock 15.5K $89.93 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each Restricted Stock Unit, including dividend equivalents that accrue during the vesting period, represents a contingent right to receive one share of Otis common stock.
F2 These Restricted Stock Units and SARs both vest ratably with respect to one-third of the underlying award on each of the first three anniversaries of the date of grant.
F3 These Restricted Stock Units cliff vest on the third anniversary of the date of grant.