Michael Patrick Ryan - 03 Feb 2023 Form 4 Insider Report for Otis Worldwide Corp (OTIS)

Reporting relationship: VP, CAO & Controller
Issuer ticker: OTIS
Reported as of: 03 Feb 2023
Net transaction value: -$497,229
SEC form: 4
Accepted by SEC: 07 Feb 2023, 17:24:54 UTC
Prior SEC filing: 15 Nov 2022
Next SEC filing: 02 Jun 2023
Source filing: View source filing
Reporting owner signature: Joshua Mullin, Attorney-in-Fact

Key filing fact

Michael Patrick Ryan filed Form 4 for Otis Worldwide Corp (OTIS) on 07 Feb 2023.

Key facts

This page summarizes Michael Patrick Ryan's Form 4 filing for Otis Worldwide Corp (OTIS).
23 reported transactions and 8 derivative rows are listed below.
Accepted by SEC: 07 Feb 2023, 17:24.

Change

Previous filing in this sequence was filed on 15 Nov 2022.
Current net transaction value: -$497,229.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

OTIS transaction

Common Stock

Options Exercise

Transaction value
Shares: +349
Change %
Price
Shares after: 349
Date: 03 Feb 2023
Ownership: Direct
Footnotes: F1

OTIS transaction

Common Stock

Tax liability

Transaction value: $10,845
Shares: -128
Change %: -37%
Price: $84.73
Shares after: 221
Date: 03 Feb 2023
Ownership: Direct

OTIS transaction

Common Stock

Options Exercise

Transaction value
Shares: +1,808
Change %: +818%
Price
Shares after: 2,029
Date: 04 Feb 2023
Ownership: Direct
Footnotes: F1

OTIS transaction

Common Stock

Tax liability

Transaction value: $44,483
Shares: -525
Change %: -26%
Price: $84.73
Shares after: 1,504
Date: 04 Feb 2023
Ownership: Direct

OTIS transaction

Common Stock

Options Exercise

Transaction value
Shares: +433
Change %: +29%
Price
Shares after: 1,937
Date: 05 Feb 2023
Ownership: Direct
Footnotes: F1

OTIS transaction

Common Stock

Tax liability

Transaction value: $10,676
Shares: -126
Change %: -6.5%
Price: $84.73
Shares after: 1,811
Date: 05 Feb 2023
Ownership: Direct

OTIS transaction

Common Stock

Options Exercise

Transaction value: $20,240
Shares: +340
Change %: +19%
Price: $59.53
Shares after: 2,151
Date: 06 Feb 2023
Ownership: Direct

OTIS transaction

Common Stock

Tax liability

Transaction value: $20,188
Shares: -239
Change %: -11%
Price: $84.47
Shares after: 1,912
Date: 06 Feb 2023
Ownership: Direct

OTIS transaction

Common Stock

Options Exercise

Transaction value: $88,093
Shares: +1,447
Change %: +76%
Price: $60.88
Shares after: 3,359
Date: 06 Feb 2023
Ownership: Direct

OTIS transaction

Common Stock

Tax liability

Transaction value: $88,018
Shares: -1,042
Change %: -31%
Price: $84.47
Shares after: 2,317
Date: 06 Feb 2023
Ownership: Direct

OTIS transaction

Common Stock

Options Exercise

Transaction value: $88,262
Shares: -1,745
Change %: -30%
Price: $50.58
Shares after: 4,062
Date: 06 Feb 2023
Ownership: Direct

OTIS transaction

Common Stock

Tax liability

Transaction value: $88,187
Shares: -1,044
Change %: -26%
Price: $84.47
Shares after: 3,018
Date: 06 Feb 2023
Ownership: Direct

OTIS transaction

Common Stock

Sale

Transaction value: $8,452
Shares: -100
Change %: -3.3%
Price: $84.52
Shares after: 2,918
Date: 06 Feb 2023
Ownership: Direct

OTIS transaction

Common Stock

Sale

Transaction value: $93,530
Shares: -1,107
Change %: -38%
Price: $84.49
Shares after: 1,811
Date: 06 Feb 2023
Ownership: Direct

OTIS transaction

Common Stock

Sale

Transaction value: $152,921
Shares: -1,811
Change %: -100%
Price: $84.44
Shares after: 0
Date: 06 Feb 2023
Ownership: Direct

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

OTIS transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value: $0
Shares: -349
Change %: -33%
Price: $0.000000
Shares after: 706
Date: 03 Feb 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 349
Exercise price
Footnotes: F1, F2

OTIS transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value: $0
Shares: -1,808
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 04 Feb 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 1,808
Exercise price
Footnotes: F1, F3

OTIS transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value: $0
Shares: -433
Change %: -52%
Price: $0.000000
Shares after: 396
Date: 05 Feb 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 433
Exercise price
Footnotes: F1, F4

OTIS transaction Derivative

Stock Appreciation Rights

Options Exercise

Transaction value: $0
Shares: -340
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 06 Feb 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 340
Exercise price: $59.53

OTIS transaction Derivative

Stock Appreciation Rights

Options Exercise

Transaction value: $0
Shares: -1,447
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 06 Feb 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 1,447
Exercise price: $60.88

OTIS transaction Derivative

Stock Appreciation Rights

Options Exercise

Transaction value: $0
Shares: -1,745
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 06 Feb 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 1,745
Exercise price: $50.58

OTIS transaction Derivative

Restricted Stock Units

Award

Transaction value: $0
Shares: +1,075
Change %
Price: $0.000000
Shares after: 1,075
Date: 07 Feb 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 1,075
Exercise price
Footnotes: F1, F5

OTIS transaction Derivative

Stock Appreciation Rights

Award

Transaction value: $0
Shares: +3,671
Change %
Price: $0.000000
Shares after: 3,671
Date: 07 Feb 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 3,671
Exercise price: $83.63
Footnotes: F5

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 5 footnotes

Footnote 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.

Footnote 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.

Footnote 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.

Footnote 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.

Footnote F5

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