Michael Patrick Ryan - Nov 11, 2022 Form 4 Insider Report for Otis Worldwide Corp (OTIS)

Role
VP, CAO & Controller
Signature
Joshua Mullin, Attorney-in-Fact
Stock symbol
OTIS
Transactions as of
Nov 11, 2022
Transactions value $
$0
Form type
4
Date filed
11/15/2022, 03:08 PM
Previous filing
Aug 9, 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 $2.24K +29 $77.37 29 Nov 11, 2022 Direct
transaction OTIS Common Stock Tax liability -$2.24K -29 -100% $77.37 0 Nov 11, 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 -29 -3.39% $0.00 826 Nov 11, 2022 Common Stock 29 $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 Each restricted stock unit represents a contingent right to receive one share of common stock from the issuer.
F2 This transaction reflects a reduction in the RSUs otherwise deliverable upon future vesting in order to satisfy taxes that are due because the reporting person qualifies for retirement treatment under the award. These RSUs accrue dividend equivalents and were awarded on February 5, 2021.