Abbe Luersman - 03 Feb 2022 Form 4 Insider Report for Otis Worldwide Corp (OTIS)

Role
EVP & CPO
Signature
Joshua A. Mullin
Issuer symbol
OTIS
Transactions as of
03 Feb 2022
Net transactions value
+$1,231,515
Form type
4
Filing time
07 Feb 2022, 15:33:13 UTC
Previous filing
04 Aug 2021
Next filing
02 Aug 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 +3,713 3,713 03 Feb 2022 Common Stock 3,713 Direct F1, F2
transaction OTIS Stock Appreciation Rights Award $1,231,515 +15,046 $81.85 15,046 03 Feb 2022 Common Stock 15,046 $81.85 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted stock units (RSUs) convert into common stock on a one for one basis.
F2 The RSUs and stock appreciation rights vest in three equal annual installments beginning on the first anniversary of the Transaction Date. These RSUs include the right to receive dividend equivalents credited as additional RSUs.