Abbe Luersman - Aug 2, 2022 Form 4 Insider Report for Otis Worldwide Corp (OTIS)

Role
EVP & CPO
Signature
Joshua A. Mullin
Stock symbol
OTIS
Transactions as of
Aug 2, 2022
Transactions value $
-$27,808
Form type
4
Date filed
8/2/2022, 06:12 PM
Previous filing
Feb 7, 2022
Next filing
Feb 7, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OTIS Common Stock Options Exercise +1.18K 1.18K Aug 2, 2022 Direct F1
transaction OTIS Common Stock Tax liability -$27.8K -359 -30.37% $77.46 823 Aug 2, 2022 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 Options Exercise $0 -1.18K -33.29% $0.00 2.37K Aug 2, 2022 Common Stock 1.18K $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 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.