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

Role
President, Otis Americas
Signature
Joshua Mullin, Attorney-in-Fact
Issuer symbol
OTIS
Transactions as of
03 Feb 2023
Net transactions value
-$718,142
Form type
4
Filing time
07 Feb 2023, 17:24:10 UTC
Previous filing
15 Nov 2022
Next filing
02 Jun 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 +19% 8,478 03 Feb 2023 Direct F1
transaction OTIS Common Stock Tax liability $33,384 -394 -4.6% $84.73 8,084 03 Feb 2023 Direct
transaction OTIS Common Stock Options Exercise $124,120 +2,085 +26% $59.53 10,169 03 Feb 2023 Direct
transaction OTIS Common Stock Tax liability $124,067 -1,474 -14% $84.17 8,695 03 Feb 2023 Direct
transaction OTIS Common Stock Options Exercise $142,459 +2,340 +27% $60.88 11,035 03 Feb 2023 Direct
transaction OTIS Common Stock Tax liability $142,416 -1,692 -15% $84.17 9,343 03 Feb 2023 Direct
transaction OTIS Common Stock Sale $105,945 -1,259 -13% $84.15 8,084 03 Feb 2023 Direct
transaction OTIS Common Stock Sale $433,368 -5,142 -64% $84.28 2,942 03 Feb 2023 Direct
transaction OTIS Common Stock Options Exercise +2,107 +72% 5,049 04 Feb 2023 Direct F1
transaction OTIS Common Stock Tax liability $47,872 -565 -11% $84.73 4,484 04 Feb 2023 Direct
transaction OTIS Common Stock Options Exercise +1,712 +38% 6,196 05 Feb 2023 Direct F1
transaction OTIS Common Stock Tax liability $38,891 -459 -7.4% $84.73 5,737 05 Feb 2023 Direct
transaction OTIS Common Stock Sale $58,779 -700 -12% $83.97 5,037 06 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 Stock Appreciation Rights Options Exercise $0 -2,085 -100% $0.000000* 0 03 Feb 2023 Common Stock 2,085 $59.53 Direct
transaction OTIS Stock Appreciation Riights Options Exercise $0 -2,340 -100% $0.000000* 0 03 Feb 2023 Common Stock 2,340 $60.88 Direct
transaction OTIS Restricted Stock Units Options Exercise $0 -2,107 -100% $0.000000* 0 04 Feb 2023 Common Stock 2,107 Direct F1, F3
transaction OTIS Restricted Stock Unit Options Exercise $0 -1,712 -52% $0.000000 1,571 05 Feb 2023 Common Stock 1,712 Direct F1, F4
transaction OTIS Restricted Stock Units Award $0 +4,607 $0.000000 4,607 07 Feb 2023 Common Stock 4,607 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.