RAHUL GHAI - 03 Feb 2022 Form 4 Insider Report for Otis Worldwide Corp (OTIS)

Role: EVP, CFO
Signature: Joshua Mullin, Attorney-in-Fact
Issuer symbol: OTIS
Transactions as of: 03 Feb 2022
Net transactions value: +$2,974,336
Form type: 4
Filing time: 07 Feb 2022, 15:34:43 UTC
Previous filing: 02 Dec 2021
Next filing: 15 Feb 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	OTIS	Common Stock	Options Exercise		+3,885	+12950%		3,915	05 Feb 2021	Direct	F1
transaction	OTIS	Common Stock	Tax liability	$104,451	-1,267	-32%	$82.44	2,648	05 Feb 2021	Direct
holding	OTIS	Common Stock						19	03 Feb 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	+9,282		$0.000000	9,282	03 Feb 2022	Common Stock	9,282	$0.000000	Direct	F1, F2
transaction	OTIS	Stock Appreciation Rights	Award	$3,078,788	+37,615		$81.85	37,615	03 Feb 2022	Common Stock	37,615	$81.85	Direct	F2
transaction	OTIS	Restricted Stock Units	Options Exercise	$0	-3,885	-33%	$0.000000	7,781	05 Feb 2022	Common Stock	3,885	$0.000000	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.