CHRISTOPHER J. KEARNEY - 04 Feb 2022 Form 4 Insider Report for Otis Worldwide Corp (OTIS)

Role: Director
Signature: Joshua Mullin, Attorney-in-Fact
Issuer symbol: OTIS
Transactions as of: 04 Feb 2022
Net transactions value: -$878,563
Form type: 4
Filing time: 07 Feb 2022, 15:36:30 UTC
Previous filing: 02 Dec 2021
Next filing: 23 May 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		+15,420			15,420	04 Feb 2022	Direct	F2
transaction	OTIS	Common Stock	Tax liability	$388,622	-4,714	-31%	$82.44	10,706	04 Feb 2022	Direct
transaction	OTIS	Common Stock	Options Exercise		+13,221	+123%		23,927	04 Feb 2022	Direct	F2
transaction	OTIS	Common Stock	Tax liability	$489,941	-5,943	-25%	$82.44	17,984	04 Feb 2022	Direct
holding	OTIS	Common Stock						2,797	04 Feb 2022	By Trust	F1

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	Options Exercise	$0	-15,420	-100%	$0.000000^*	0	04 Feb 2022	Common Stock	15,420		Direct	F2, F3
transaction	OTIS	Restricted Stock Units	Options Exercise	$0	-13,221	-100%	$0.000000^*	0	04 Feb 2022	Common Stock	13,221		Direct	F2, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	These shares were mistakenly reported as directly owned on the Form 4 reporting a November 30, 2021 transaction.
F2	Restricted stock units (RSUs) convert into common stock on a one for one basis.
F3	These RSUs, which were granted when the reporting person served as the issuer's Executive Chair, fully vested when the reporting person's employment with the issuer ceased. The reporting person continues to serve on the issuer's Board as a non-employee director. The RSUs included the right to right dividend equivalents credited as additional RSUs.