Nora E. LaFreniere - 03 Feb 2022 Form 4 Insider Report for Otis Worldwide Corp (OTIS)

Role
EVP, General Counsel
Signature
Joshua Mullin, Attorney-in-Fact
Issuer symbol
OTIS
Transactions as of
03 Feb 2022
Net transactions value
+$1,071,397
Form type
4
Filing time
07 Feb 2022, 15:35:53 UTC
Previous filing
02 Dec 2021
Next filing
01 Aug 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 +1,812 +13% 16,115 05 Feb 2021 Direct F1
transaction OTIS Common Stock Tax liability $71,228 -864 -5.4% $82.44 15,251 05 Feb 2021 Direct
transaction OTIS Common Stock Options Exercise +11,926 +78% 27,177 05 Feb 2021 Direct F1
transaction OTIS Common Stock Tax liability $285,984 -3,469 -13% $82.44 23,708 05 Feb 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 +4,307 $0.000000 4,307 03 Feb 2022 Common Stock 4,307 $0.000000 Direct F1, F2
transaction OTIS Stock Appreciation Rights Award $1,428,610 +17,454 $81.85 17,454 03 Feb 2022 Common Stock 17,454 $81.85 Direct F2
transaction OTIS Restricted Stock Units Options Exercise $0 -1,812 -33% $0.000000 3,632 05 Feb 2022 Common Stock 1,812 $0.000000 Direct F1, F3
transaction OTIS Restricted Stock Units Options Exercise $0 -11,926 -100% $0.000000* 0 05 Feb 2022 Common Stock 11,926 $0.000000 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.