Stephane de Montlivault - Feb 3, 2023 Form 4 Insider Report for Otis Worldwide Corp (OTIS)

Role
President, Otis Asia Pac
Signature
Joshua Mullin, Attorney-in-Fact
Stock symbol
OTIS
Transactions as of
Feb 3, 2023
Transactions value $
-$1,348,450
Form type
4
Date filed
2/7/2023, 05:25 PM
Previous filing
Feb 7, 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 +1.35K +5.93% 24.2K Feb 3, 2023 Direct F1
transaction OTIS Common Stock Options Exercise +6.5K +26.92% 30.7K Feb 4, 2023 Direct F1
transaction OTIS Common Stock Options Exercise +1.71K +5.57% 32.4K Feb 5, 2023 Direct F1
transaction OTIS Common Stock Options Exercise $202K +3.32K +10.25% $60.88 35.7K Feb 3, 2023 Direct
transaction OTIS Common Stock Tax liability -$202K -2.4K -6.72% $84.29 33.3K Feb 3, 2023 Direct
transaction OTIS Common Stock Options Exercise $284K +5.62K +16.88% $50.58 38.9K Feb 3, 2023 Direct
transaction OTIS Common Stock Tax liability -$284K -3.37K -8.66% $84.29 35.5K Feb 3, 2023 Direct
transaction OTIS Common Stock Options Exercise $315K +5.36K +15.09% $58.66 40.9K Feb 3, 2023 Direct
transaction OTIS Common Stock Tax liability -$314K -3.73K -9.12% $84.29 37.2K Feb 3, 2023 Direct
transaction OTIS Common Stock Sale -$1.1K -13 -0.03% $84.34 37.2K Feb 3, 2023 Direct
transaction OTIS Common Stock Sale -$404K -4.79K -12.88% $84.32 32.4K Feb 3, 2023 Direct
transaction OTIS Common Stock Sale -$944K -11.2K -34.62% $84.23 21.2K Feb 3, 2023 Direct F2

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 -1.35K -33.25% $0.00 2.72K Feb 3, 2023 Common Stock 1.35K Direct F1, F3
transaction OTIS Stock Appreciation Rights Options Exercise $0 -3.32K -100% $0.00* 0 Feb 3, 2023 Common Stock 3.32K $60.88 Direct
transaction OTIS Stock Appreciation Rights Options Exercise $0 -5.62K -100% $0.00* 0 Feb 3, 2023 Common Stock 5.62K $50.58 Direct
transaction OTIS Stock Appreciation Rights Options Exercise $0 -5.36K -100% $0.00* 0 Feb 3, 2023 Common Stock 5.36K $58.66 Direct
transaction OTIS Restricted Stock Units Options Exercise $0 -6.5K -100% $0.00* 0 Feb 4, 2023 Common Stock 6.5K Direct F1, F4
transaction OTIS Restricted Stock Units Options Exercise $0 -1.71K -49.9% $0.00 1.71K Feb 5, 2023 Common Stock 1.71K Direct F1, F5
transaction OTIS Restricted Stock Units Award $0 +4.61K $0.00 4.61K Feb 7, 2023 Common Stock 4.61K Direct F1, F5
transaction OTIS Stock Appreciation Rights Award $0 +15.7K $0.00 15.7K Feb 7, 2023 Common Stock 15.7K $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 $84.21 to $84.30, 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.