Anurag Maheshwari - Aug 12, 2022 Form 3 Insider Report for Otis Worldwide Corp (OTIS)

Role: EVP and CFO
Signature: Joshua Mullin, Attorney-in-Fact
Stock symbol: OTIS
Transactions as of: Aug 12, 2022
Transactions value $: $0
Form type: 3
Date filed: 8/18/2022, 08:17 PM
Next filing: Oct 5, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	OTIS	Common Stock						10.1K	Aug 12, 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
holding	OTIS	Restricted Stock Units (RSUs)							Aug 12, 2022	Common Stock	1.35K	$0.00	Direct	F1, F2
holding	OTIS	Restricted Stock Units (RSUs)							Aug 12, 2022	Common Stock	1.11K	$0.00	Direct	F1, F3
holding	OTIS	Restricted Stock Units (RSUs)							Aug 12, 2022	Common Stock	10.1K	$0.00	Direct	F1, F4
holding	OTIS	Restricted Stock Units (RSUs)							Aug 12, 2022	Common Stock	14.2K	$0.00	Direct	F1, F5
holding	OTIS	Stock Appreciation Rights							Aug 12, 2022	Common Stock	5.42K	$81.85	Direct	F6
holding	OTIS	Stock Appreciation Rights							Aug 12, 2022	Common Stock	7.21K	$63.93	Direct	F7
holding	OTIS	Stock Appreciation Rights							Aug 12, 2022	Common Stock	64.3K	$51.81	Direct	F8

* 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	These RSUs, which accrue dividend equivalents, are scheduled to vest in three equal annual installments beginning on the first anniversary of the date of grant. The date of grant was February 3, 2022.
F3	These RSUs, which accrue dividend equivalents, are scheduled to vest in two equal annual installments on the second and third anniversaries of the date of grant. The date of grant was February 5, 2021.
F4	These RSUs, which accrue dividend equivalents, are scheduled to vest in full on the third anniversary of the date of grant. The date of grant was June 1, 2020.
F5	These RSUs, which accrue dividend equivalents, are scheduled to vest in full on the third anniversary of the date of grant. The date of grant was May 11, 2020.
F6	These stock appreciation rights are scheduled to vest in three equal annual installments beginning on the first anniversary of the date of grant. The date of grant was February 3, 2022.
F7	These stock appreciation rights were granted on February 5, 2021. 2,404 vested on February 5,2022 and the remainder are scheduled to vest in two equal annual installments on the second and third anniversaries of the date of grant.
F8	These stock appreciation rights were granted on May 11, 2020. 21,000 vested on May 11, 2022 and the remainder vest in full on the third anniversary of the date of grant.