Rahul Ghai - Aug 1, 2022 Form 4 Insider Report for Otis Worldwide Corp (OTIS)

Role
EVP, CFO
Signature
Joshua Mullin, Attorney-in-Fact
Stock symbol
OTIS
Transactions as of
Aug 1, 2022
Transactions value $
-$1,071,866
Form type
4
Date filed
8/2/2022, 06:11 PM
Previous filing
May 5, 2022
Next filing
Sep 6, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OTIS Common Stock Options Exercise -13.1K -45.42% 15.8K Aug 1, 2022 Direct F1
transaction OTIS Common Stock Tax liability -$477K -6.09K -38.62% $78.28 9.68K Aug 1, 2022 Direct
transaction OTIS Common Stock Sale -$48.6K -618 -6.38% $78.56 9.06K Aug 1, 2022 Direct
transaction OTIS Common Stock Sale -$157K -2K -22.07% $78.54 7.06K Aug 1, 2022 Direct
transaction OTIS Common Stock Sale -$7.79K -100 -1.42% $77.88 6.96K Aug 2, 2022 Direct
transaction OTIS Common Stock Sale -$382K -4.9K -70.37% $77.87 2.06K Aug 2, 2022 Direct
holding OTIS Common Stock 19 Aug 1, 2022 By IRA

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 -13.1K -100% $0.00* 0 Aug 1, 2022 Common Stock 13.1K $0.00 Direct F1, F2
* 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 reporting person was granted RSUs that vested in full on the third anniversary of the date of grant. These RSUs included the right to receive dividend equivalents credited as additional RSUs.