Judith Fran Marks - Feb 3, 2022 Form 4 Insider Report for Otis Worldwide Corp (OTIS)

Role
Chair, CEO & President, Director
Signature
Joshua Mullin, Attorney-in-Fact
Stock symbol
OTIS
Transactions as of
Feb 3, 2022
Transactions value $
$8,002,498
Form type
4
Date filed
2/7/2022, 03:35 PM
Next filing
Feb 7, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OTIS Common Stock Options Exercise +11K +27.87% 50.5K Feb 5, 2021 Direct F1
transaction OTIS Common Stock Tax liability -$412K -5K -9.9% $82.44 45.5K Feb 5, 2021 Direct
transaction OTIS Common Stock Options Exercise +42.2K +92.64% 87.7K Feb 5, 2021 Direct F1
transaction OTIS Common Stock Tax liability -$1.44M -17.4K -19.87% $82.44 70.3K Feb 5, 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 Award $0 +29.7K $0.00 29.7K Feb 3, 2022 Common Stock 29.7K $0.00 Direct F1, F2
transaction OTIS Stock Appreciation Rights Award $9.85M +120K $81.85 120K Feb 3, 2022 Common Stock 120K $81.85 Direct F2
transaction OTIS Restricted Stock Units Options Exercise $0 -11K -33.32% $0.00 22K Feb 5, 2022 Common Stock 11K $0.00 Direct F1, F3
transaction OTIS Restricted Stock Units Options Exercise $0 -42.2K -100% $0.00* 0 Feb 5, 2022 Common Stock 42.2K $0.00 Direct F1, F4
* 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.
F4 The reporting person was granted performance stock units by our former parent on Feb 5, 2019. These were converted into issuer RSUs that fully vested on the Transaction Date.