Anurag Maheshwari - 03 Feb 2023 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 Feb 2023
Net transactions value: -$31,265
Form type: 4
Filing time: 07 Feb 2023, 17:23:24 UTC
Previous filing: 05 Oct 2022
Next filing: 12 May 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		+449	+4.4%		10,576	03 Feb 2023	Direct	F1
transaction	OTIS	Common Stock	Tax liability	$13,980	-165	-1.6%	$84.73	10,411	03 Feb 2023	Direct
transaction	OTIS	Common Stock	Options Exercise		+556	+5.3%		10,967	05 Feb 2023	Direct	F1
transaction	OTIS	Common Stock	Tax liability	$17,285	-204	-1.9%	$84.73	10,763	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	-449	-33%	$0.000000	907	03 Feb 2023	Common Stock	449		Direct	F1, F2
transaction	OTIS	Restricted Stock Units	Options Exercise	$0	-556	-50%	$0.000000	565	05 Feb 2023	Common Stock	556		Direct	F1, F3
transaction	OTIS	Restricted Stock Units	Award	$0	+7,985		$0.000000	7,985	07 Feb 2023	Common Stock	7,985		Direct	F1, F4
transaction	OTIS	Stock Appreciation Rights	Award	$0	+27,266		$0.000000	27,266	07 Feb 2023	Common Stock	27,266	$83.63	Direct	F4

* 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	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.
F4	RSUs and stock appreciation rights vest in three substantially equal annual installments beginning on the first anniversary of the Transaction Date.