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

Role
EVP, CFO
Signature
Joshua Mullin, Attorney-in-Fact
Stock symbol
OTIS
Transactions as of
Feb 3, 2022
Transactions value $
$2,974,336
Form type
4
Date filed
2/7/2022, 03:34 PM
Previous filing
Dec 2, 2021
Next filing
Feb 15, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OTIS Common Stock Options Exercise +3.89K +12950% 3.92K Feb 5, 2021 Direct F1
transaction OTIS Common Stock Tax liability -$104K -1.27K -32.36% $82.44 2.65K Feb 5, 2021 Direct
holding OTIS Common Stock 19 Feb 3, 2022 By IRA

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 $0 +9.28K $0.00 9.28K Feb 3, 2022 Common Stock 9.28K $0.00 Direct F1, F2
transaction OTIS Stock Appreciation Rights Award $3.08M +37.6K $81.85 37.6K Feb 3, 2022 Common Stock 37.6K $81.85 Direct F2
transaction OTIS Restricted Stock Units Options Exercise $0 -3.89K -33.3% $0.00 7.78K Feb 5, 2022 Common Stock 3.89K $0.00 Direct F1, F3
* 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. The RSUs include the right to receive dividend equivalents that are credited as additional RSUs.
F3 The reporting person was granted RSUs vesting in three equal annual installments beginning on the first anniversary of the grant date. These RSUs include the right to receive dividend equivalents credited as additional RSUs.