Michael Patrick Ryan - 03 Feb 2022 Form 4 Insider Report for Otis Worldwide Corp (OTIS)

Reporting relationship: VP, CAO & Controller
Issuer ticker: OTIS
Reported as of: 03 Feb 2022
Net transaction value: +$240,465
SEC form: 4
Accepted by SEC: 07 Feb 2022, 15:36:41 UTC
Prior SEC filing: 02 Dec 2021
Next SEC filing: 09 Aug 2022
Source filing: View source filing
Reporting owner signature: Joshua Mullin, Attorney-in-Fact

Key filing fact

Michael Patrick Ryan filed Form 4 for Otis Worldwide Corp (OTIS) on 07 Feb 2022.

Key facts

This page summarizes Michael Patrick Ryan's Form 4 filing for Otis Worldwide Corp (OTIS).
11 reported transactions and 5 derivative rows are listed below.
Accepted by SEC: 07 Feb 2022, 15:36.

Change

Previous filing in this sequence was filed on 02 Dec 2021.
Current net transaction value: +$240,465.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

OTIS transaction

Common Stock

Options Exercise

Transaction value
Shares: +418
Change %
Price
Shares after: 418
Date: 05 Feb 2021
Ownership: Direct
Footnotes: F1

OTIS transaction

Common Stock

Tax liability

Transaction value: $12,696
Shares: -154
Change %: -37%
Price: $82.44
Shares after: 264
Date: 05 Feb 2021
Ownership: Direct

OTIS transaction

Common Stock

Options Exercise

Transaction value
Shares: +2,137
Change %: +809%
Price
Shares after: 2,401
Date: 05 Feb 2021
Ownership: Direct
Footnotes: F1

OTIS transaction

Common Stock

Tax liability

Transaction value: $51,113
Shares: -620
Change %: -26%
Price: $82.44
Shares after: 1,781
Date: 05 Feb 2021
Ownership: Direct

OTIS transaction

Common Stock

Options Exercise

Transaction value
Shares: +1,694
Change %: +95%
Price
Shares after: 3,475
Date: 05 Feb 2021
Ownership: Direct
Footnotes: F1

OTIS transaction

Common Stock

Tax liability

Transaction value: $40,560
Shares: -492
Change %: -14%
Price: $82.44
Shares after: 2,983
Date: 05 Feb 2021
Ownership: Direct

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

OTIS transaction Derivative

Restricted Stock Units

Award

Transaction value: $0
Shares: +1,040
Change %
Price: $0.000000
Shares after: 1,040
Date: 03 Feb 2022
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 1,040
Exercise price: $0.000000
Footnotes: F1, F2

OTIS transaction Derivative

Stock Appreciation Rights

Award

Transaction value: $344,834
Shares: +4,213
Change %
Price: $81.85
Shares after: 4,213
Date: 03 Feb 2022
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 4,213
Exercise price: $81.85
Footnotes: F2

OTIS transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value: $0
Shares: -418
Change %: -33%
Price: $0.000000
Shares after: 846
Date: 05 Feb 2022
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 418
Exercise price: $0.000000
Footnotes: F1, F3

OTIS transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value: $0
Shares: -2,137
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 05 Feb 2022
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 2,137
Exercise price: $0.000000
Footnotes: F1, F4

OTIS transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value: $0
Shares: -1,694
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 05 Feb 2022
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 1,694
Exercise price: $0.000000
Footnotes: F1, F5

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 5 footnotes

Footnote F1

Restricted stock units (RSUs) convert into common stock on a one for one basis.

Footnote 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.

Footnote 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.

Footnote 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.

Footnote F5

The reporting person was granted RSUs by our former parent on February 5, 2019. These RSUs, which included the right to receive dividend equivalents credited as additional RSUs, were converted into issuer RSUs that fully vested on the Transaction Date.