Christopher J. Kearney - Feb 4, 2022 Form 4 Insider Report for Otis Worldwide Corp (OTIS)

Role
Director
Signature
Joshua Mullin, Attorney-in-Fact
Stock symbol
OTIS
Transactions as of
Feb 4, 2022
Transactions value $
-$878,563
Form type
4
Date filed
2/7/2022, 03:36 PM
Previous filing
Dec 2, 2021
Next filing
May 23, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OTIS Common Stock Options Exercise +15.4K 15.4K Feb 4, 2022 Direct F2
transaction OTIS Common Stock Tax liability -$389K -4.71K -30.57% $82.44 10.7K Feb 4, 2022 Direct
transaction OTIS Common Stock Options Exercise +13.2K +123.49% 23.9K Feb 4, 2022 Direct F2
transaction OTIS Common Stock Tax liability -$490K -5.94K -24.84% $82.44 18K Feb 4, 2022 Direct
holding OTIS Common Stock 2.8K Feb 4, 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 -15.4K -100% $0.00* 0 Feb 4, 2022 Common Stock 15.4K Direct F2, F3
transaction OTIS Restricted Stock Units Options Exercise $0 -13.2K -100% $0.00* 0 Feb 4, 2022 Common Stock 13.2K 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.