Nora E. LaFreniere - 03 Feb 2023 Form 4 Insider Report for Otis Worldwide Corp (OTIS)

Role
EVP, General Counsel
Signature
Joshua Mullin, Attorney-in-Fact
Issuer symbol
OTIS
Transactions as of
03 Feb 2023
Net transactions value
-$1,328,625
Form type
4
Filing time
07 Feb 2023, 17:25:33 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 $1,133,987 +19,049 +154% $59.53 31,425 03 Feb 2023 Direct
transaction OTIS Common Stock Tax liability $1,133,827 -13,535 -43% $83.77 17,890 03 Feb 2023 Direct
transaction OTIS Common Stock Sale $462,349 -5,514 -31% $83.85 12,376 03 Feb 2023 Direct
transaction OTIS Common Stock Sale $502,860 -6,000 -48% $83.81 6,376 03 Feb 2023 Direct
transaction OTIS Common Stock Options Exercise +1,454 +23% 7,830 03 Feb 2023 Direct F1
transaction OTIS Common Stock Tax liability $38,722 -457 -5.8% $84.73 7,373 03 Feb 2023 Direct
transaction OTIS Common Stock Options Exercise +8,496 +115% 15,869 04 Feb 2023 Direct F1
transaction OTIS Common Stock Tax liability $254,614 -3,005 -19% $84.73 12,864 04 Feb 2023 Direct
transaction OTIS Common Stock Options Exercise +1,845 +14% 14,709 05 Feb 2023 Direct F1
transaction OTIS Common Stock Tax liability $70,241 -829 -5.6% $84.73 13,880 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 -1,454 -33% $0.000000 2,917 03 Feb 2023 Common Stock 1,454 Direct F1, F2
transaction OTIS Stock Appreciation Rights Options Exercise $0 -19,049 -100% $0.000000* 0 03 Feb 2023 Common Stock 19,049 $59.53 Direct
transaction OTIS Restricted Stock Units Options Exercise $0 -8,496 -100% $0.000000* 0 04 Feb 2023 Common Stock 8,496 Direct F1, F3
transaction OTIS Restricted Stock Units Options Exercise $0 -1,845 -52% $0.000000 1,686 05 Feb 2023 Common Stock 1,845 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 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 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 equal annual installments beginning on the first anniversary of the Transaction Date.