Abbe Luersman - Feb 3, 2022 Form 4 Insider Report for Otis Worldwide Corp (OTIS)

Role
EVP & CPO
Signature
Joshua A. Mullin
Stock symbol
OTIS
Transactions as of
Feb 3, 2022
Transactions value $
$1,231,515
Form type
4
Date filed
2/7/2022, 03:33 PM
Previous filing
Aug 4, 2021
Next filing
Aug 2, 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 +3.71K 3.71K Feb 3, 2022 Common Stock 3.71K Direct F1, F2
transaction OTIS Stock Appreciation Rights Award $1.23M +15K $81.85 15K Feb 3, 2022 Common Stock 15K $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.