Fernandez Bernardo Calleja - 03 Feb 2023 Form 4 Insider Report for Otis Worldwide Corp (OTIS)

Role: President, Otis EMEA
Signature: Joshua Mullin, Attorney-in-Fact
Issuer symbol: OTIS
Transactions as of: 03 Feb 2023
Net transactions value: -$187,338
Form type: 4
Filing time: 07 Feb 2023, 17:23:48 UTC
Previous filing: 07 Feb 2022
Next filing: 16 Feb 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		+1,353	+10%		14,700	03 Feb 2023	Direct	F1
transaction	OTIS	Common Stock	Tax liability	$51,092	-603	-4.1%	$84.73	14,097	03 Feb 2023	Direct
transaction	OTIS	Common Stock	Options Exercise		+3,160	+22%		17,257	04 Feb 2023	Direct	F1
transaction	OTIS	Common Stock	Tax liability	$84,815	-1,001	-5.8%	$84.73	16,256	04 Feb 2023	Direct
transaction	OTIS	Common Stock	Options Exercise		+1,707	+11%		17,963	05 Feb 2023	Direct	F1
transaction	OTIS	Common Stock	Tax liability	$51,431	-607	-3.4%	$84.73	17,356	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	-1,353	-33%	$0.000000	2,716	03 Feb 2023	Common Stock	1,353		Direct	F1, F2
transaction	OTIS	Restricted Stock Units	Options Exercise	$0	-3,160	-100%	$0.000000^*	0	04 Feb 2023	Common Stock	3,160		Direct	F1, F3
transaction	OTIS	Restricted Stock Units	Options Exercise	$0	-1,707	-50%	$0.000000	1,714	05 Feb 2023	Common Stock	1,707	$0.000000	Direct	F1, F4
transaction	OTIS	Restricted Stock Units	Award	$0	+4,607		$0.000000	4,607	07 Feb 2023	Common Stock	4,607	$0.000000	Direct	F1, F5
transaction	OTIS	Stock Appreciation Rights	Award	$0	+15,730		$0.000000	15,730	07 Feb 2023	Common Stock	15,730	$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.