Abbe Luersman - Feb 3, 2023 Form 4 Insider Report for Otis Worldwide Corp (OTIS)

Role
EVP & CPO
Signature
Joshua A. Mullin
Stock symbol
OTIS
Transactions as of
Feb 3, 2023
Transactions value $
-$37,790
Form type
4
Date filed
2/7/2023, 05:22 PM
Previous filing
Aug 2, 2022
Next filing
Aug 3, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OTIS Common Stock Options Exercise +1.25K +152.13% 2.08K Feb 3, 2023 Direct F1
transaction OTIS Common Stock Tax liability -$37.8K -446 -21.49% $84.73 1.63K Feb 3, 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 -1.25K -33.23% $0.00 2.52K Feb 3, 2023 Common Stock 1.25K Direct F1, F2
transaction OTIS Restricted Stock Units Award $0 +3.99K $0.00 3.99K Feb 7, 2023 Common Stock 3.99K Direct F1, F3
transaction OTIS Stock Appreciation Riights Award $0 +13.6K $0.00 13.6K Feb 7, 2023 Common Stock 13.6K $83.63 Direct F3
* 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 RSUs and stock appreciation rights vest in three substantially equal annual installments beginning on the first anniversary of the Transaction Date.