Anurag Maheshwari - 03 Oct 2022 Form 4 Insider Report for Otis Worldwide Corp (OTIS)

Role
EVP & CFO
Signature
Joshua Mullin, Attorney-in-Fact
Issuer symbol
OTIS
Transactions as of
03 Oct 2022
Net transactions value
+$1,289,561
Form type
4
Filing time
05 Oct 2022, 18:17:10 UTC
Previous filing
18 Aug 2022
Next filing
07 Feb 2023
SEC
View on sec.gov

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 RSUs Award +5,445 5,445 03 Oct 2022 Common Stock 5,445 Direct F1, F2
transaction OTIS Stock Appreciation Rights Award $1,289,561 +19,706 $65.44 19,706 03 Oct 2022 Common Stock 19,706 $65.44 Direct 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 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 credited as additional RSUs.