Abbe Luersman - 02 Aug 2022 Form 4 Insider Report for Otis Worldwide Corp (OTIS)

Role: EVP & CPO
Signature: Joshua A. Mullin
Issuer symbol: OTIS
Transactions as of: 02 Aug 2022
Net transactions value: -$27,808
Form type: 4
Filing time: 02 Aug 2022, 18:12:06 UTC
Previous filing: 07 Feb 2022
Next filing: 07 Feb 2023
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		+1,182			1,182	02 Aug 2022	Direct	F1
transaction	OTIS	Common Stock	Tax liability	$27,808	-359	-30%	$77.46	823	02 Aug 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	-1,182	-33%	$0.000000	2,369	02 Aug 2022	Common Stock	1,182	$0.000000	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.