Christopher J. Kearney - Nov 30, 2021 Form 4 Insider Report for Otis Worldwide Corp (OTIS)

Role: Executive Chairman, Director
Signature: Joshua Mullin, Attorney-in-Fact
Stock symbol: OTIS
Transactions as of: Nov 30, 2021
Transactions value $: $0
Form type: 4
Date filed: 12/2/2021, 02:32 PM
Previous filing: Jun 3, 2021
Next filing: Feb 7, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	OTIS	Common Stock	Options Exercise	$41.4K	+515	+18.41%	$80.40	3.31K	Nov 30, 2021	Direct
transaction	OTIS	Common Stock	Tax liability	-$41.4K	-515	-15.55%	$80.40	2.8K	Nov 30, 2021	Direct

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	Options Exercise	$0	-515	-3.24%	$0.00	15.4K	Nov 30, 2021	Common Stock	515	$0.00	Direct	F1, 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 represents a contingent right to receive one share of common stock from the issuer.
F2	This transaction reflects a reduction in the RSUs otherwise deliverable upon future vesting in order to satisfy FICA taxes that are due because the reporting person qualifies for retirement treatment under the award. These RSUs accrue dividend equivalents.