Peiming Zheng - 03 Feb 2023 Form 4 Insider Report for Otis Worldwide Corp (OTIS)

Role
President, Otis China
Signature
Joshua Mullin, Attorney-in-Fact
Issuer symbol
OTIS
Transactions as of
03 Feb 2023
Net transactions value
-$1,505,991
Form type
4
Filing time
07 Feb 2023, 17:24:32 UTC
Previous filing
15 Nov 2022
Next filing
03 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 +1,353 +12% 12,855 03 Feb 2023 Direct F1
transaction OTIS Common Stock Tax liability $53,126 -627 -4.9% $84.73 12,228 03 Feb 2023 Direct
transaction OTIS Common Stock Options Exercise $369,443 +6,206 +51% $59.53 18,434 03 Feb 2023 Direct
transaction OTIS Common Stock Tax liability $369,346 -4,408 -24% $83.79 14,026 03 Feb 2023 Direct
transaction OTIS Common Stock Sale $150,780 -1,798 -13% $83.86 12,228 03 Feb 2023 Direct
transaction OTIS Common Stock Sale $949,705 -11,333 -93% $83.80 895 03 Feb 2023 Direct F2
transaction OTIS Common Stock Options Exercise +7,741 +865% 8,636 04 Feb 2023 Direct F1
transaction OTIS Common Stock Tax liability $288,590 -3,406 -39% $84.73 5,230 04 Feb 2023 Direct
transaction OTIS Common Stock Options Exercise +1,712 +33% 6,942 05 Feb 2023 Direct F1
transaction OTIS Common Stock Tax liability $63,886 -754 -11% $84.73 6,188 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, F3
transaction OTIS Stock Appreciation Rights Options Exercise $0 -6,206 -100% $0.000000* 0 03 Feb 2023 Common Stock 6,206 $59.53 Direct
transaction OTIS Restricted Stock Units Options Exercise $0 -7,741 -100% $0.000000* 0 04 Feb 2023 Common Stock 7,741 Direct F1, F4
transaction OTIS Restricted Stock Units Options Exercise $0 -1,712 -52% $0.000000 1,565 05 Feb 2023 Common Stock 1,712 Direct F1, F5
transaction OTIS Restricted Stock Units Award $0 +4,607 $0.000000 4,607 07 Feb 2023 Common Stock 4,607 Direct F1, F6
transaction OTIS Stock Appreciation Rights Award $0 +15,730 $0.000000 15,730 07 Feb 2023 Common Stock 15,730 $83.63 Direct F6
* 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 The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $83.75 to $83.94, inclusive. The reporting person undertakes to provide the registrant, any security holder of the registrant, or the SEC staff, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.
F3 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.
F4 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.
F5 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.
F6 RSUs and stock appreciation rights vest in three substantially equal annual installments beginning on the first anniversary of the Transaction Date.