Michael Patrick Ryan - Feb 3, 2023 Form 4 Insider Report for Otis Worldwide Corp (OTIS)

Role
VP, CAO & Controller
Signature
Joshua Mullin, Attorney-in-Fact
Stock symbol
OTIS
Transactions as of
Feb 3, 2023
Transactions value $
-$497,229
Form type
4
Date filed
2/7/2023, 05:24 PM
Previous filing
Nov 15, 2022
Next filing
Jun 2, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OTIS Common Stock Options Exercise +349 349 Feb 3, 2023 Direct F1
transaction OTIS Common Stock Tax liability -$10.8K -128 -36.68% $84.73 221 Feb 3, 2023 Direct
transaction OTIS Common Stock Options Exercise +1.81K +818.1% 2.03K Feb 4, 2023 Direct F1
transaction OTIS Common Stock Tax liability -$44.5K -525 -25.87% $84.73 1.5K Feb 4, 2023 Direct
transaction OTIS Common Stock Options Exercise +433 +28.79% 1.94K Feb 5, 2023 Direct F1
transaction OTIS Common Stock Tax liability -$10.7K -126 -6.5% $84.73 1.81K Feb 5, 2023 Direct
transaction OTIS Common Stock Options Exercise $20.2K +340 +18.77% $59.53 2.15K Feb 6, 2023 Direct
transaction OTIS Common Stock Tax liability -$20.2K -239 -11.11% $84.47 1.91K Feb 6, 2023 Direct
transaction OTIS Common Stock Options Exercise $88.1K +1.45K +75.68% $60.88 3.36K Feb 6, 2023 Direct
transaction OTIS Common Stock Tax liability -$88K -1.04K -31.02% $84.47 2.32K Feb 6, 2023 Direct
transaction OTIS Common Stock Options Exercise -$88.3K -1.75K -30.05% $50.58 4.06K Feb 6, 2023 Direct
transaction OTIS Common Stock Tax liability -$88.2K -1.04K -25.7% $84.47 3.02K Feb 6, 2023 Direct
transaction OTIS Common Stock Sale -$8.45K -100 -3.31% $84.52 2.92K Feb 6, 2023 Direct
transaction OTIS Common Stock Sale -$93.5K -1.11K -37.94% $84.49 1.81K Feb 6, 2023 Direct
transaction OTIS Common Stock Sale -$153K -1.81K -100% $84.44 0 Feb 6, 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 -349 -33.08% $0.00 706 Feb 3, 2023 Common Stock 349 Direct F1, F2
transaction OTIS Restricted Stock Units Options Exercise $0 -1.81K -100% $0.00* 0 Feb 4, 2023 Common Stock 1.81K Direct F1, F3
transaction OTIS Restricted Stock Units Options Exercise $0 -433 -52.23% $0.00 396 Feb 5, 2023 Common Stock 433 Direct F1, F4
transaction OTIS Stock Appreciation Rights Options Exercise $0 -340 -100% $0.00* 0 Feb 6, 2023 Common Stock 340 $59.53 Direct
transaction OTIS Stock Appreciation Rights Options Exercise $0 -1.45K -100% $0.00* 0 Feb 6, 2023 Common Stock 1.45K $60.88 Direct
transaction OTIS Stock Appreciation Rights Options Exercise $0 -1.75K -100% $0.00* 0 Feb 6, 2023 Common Stock 1.75K $50.58 Direct
transaction OTIS Restricted Stock Units Award $0 +1.08K $0.00 1.08K Feb 7, 2023 Common Stock 1.08K Direct F1, F5
transaction OTIS Stock Appreciation Rights Award $0 +3.67K $0.00 3.67K Feb 7, 2023 Common Stock 3.67K $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.