Judith F. Marks - 03 Feb 2023 Form 4 Insider Report for Otis Worldwide Corp (OTIS)

Role
Chair, CEO & President, Director
Signature
Joshua Mullin, Attorney-in-Fact
Issuer symbol
OTIS
Transactions as of
03 Feb 2023
Transactions value $
-$1,909,645
Form type
4
Filing time
07 Feb 2023, 17:21:43
Previous filing
07 Feb 2022
Next filing
06 Mar 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 +10K +14.29% 80.3K 03 Feb 2023 Direct F1
transaction OTIS Common Stock Tax liability -$260K -3.07K -3.82% $84.73 77.3K 03 Feb 2023 Direct
transaction OTIS Common Stock Options Exercise +32.3K +41.83% 110K 04 Feb 2023 Direct F1
transaction OTIS Common Stock Tax liability -$1.22M -14.4K -13.13% $84.73 95.2K 04 Feb 2023 Direct
transaction OTIS Common Stock Options Exercise +11.2K +11.74% 106K 05 Feb 2023 Direct F1
transaction OTIS Common Stock Tax liability -$430K -5.08K -4.77% $84.73 101K 05 Feb 2023 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 -10K -33.32% $0.00 20.1K 03 Feb 2023 Common Stock 10K Direct F1, F2
transaction OTIS Restricted Stock Units Options Exercise $0 -32.3K -100% $0.00* 0 04 Feb 2023 Common Stock 32.3K Direct F1, F3
transaction OTIS Restricted Stock Units Options Exercise $0 -11.2K -49.98% $0.00 11.2K 05 Feb 2023 Common Stock 11.2K Direct F1, F4
transaction OTIS Restricted Stock Units Award $0 +33.8K $0.00 33.8K 07 Feb 2023 Common Stock 33.8K Direct F1, F5
transaction OTIS Stock Appreciation Rights Award $0 +115K $0.00 115K 07 Feb 2023 Common Stock 115K $83.63 Direct F5
* 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. RSUs include the right to receive dividend equivalents that are credited as additional RSUs.
F2 On February 3, 2022, the reporting person was granted RSUs vesting in three substantially equal annual installments beginning on the first anniversary of the grant date. The first installment vested on the Transaction Date.
F3 The reporting person was granted RSUs by our former parent on February 4, 2020. These were converted into issuer RSUs that fully vested on the Transaction Date.
F4 On February 5, 2021, the reporting person was granted RSUs vesting in three substantially equal annual installments beginning on the first anniversary of the grant date. The second installment vested on the Transaction Date.
F5 RSUs and stock appreciation rights vest in three substantially equal annual installments beginning on the first anniversary of the Transaction Date.