Abbe Luersman - 02 Aug 2021 Form 4 Insider Report for Otis Worldwide Corp (OTIS)

Role
EVP & CPO
Signature
Joshua A. Mullin
Issuer symbol
OTIS
Transactions as of
02 Aug 2021
Net transactions value
+$1,392,116
Form type
4
Filing time
04 Aug 2021, 16:23:45 UTC
Previous filing
04 Aug 2021
Next filing
07 Feb 2022
SEC
View on sec.gov

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 +3,507 3,507 02 Aug 2021 Common Stock 3,507 Direct F1, F2
transaction OTIS Restricted Stock Units Award +8,766 8,766 02 Aug 2021 Common Stock 8,766 Direct F1, F3
transaction OTIS Stock Appreciation Rights Award $1,392,116 +15,480 $89.93 15,480 02 Aug 2021 Common Stock 15,480 $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.