Sally Loh - 01 Mar 2023 Form 3 Insider Report for Otis Worldwide Corp (OTIS)

Role
President, Otis China
Signature
Joshua Mullin, Attorney-in-Fact
Issuer symbol
OTIS
Transactions as of
01 Mar 2023
Net transactions value
$0
Form type
3
Filing time
03 Mar 2023, 15:25:29 UTC
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
holding OTIS Common Stock 11,579 01 Mar 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
holding OTIS Restricted Stock Units (RSUs) 01 Mar 2023 Common Stock 922 $0.000000 Direct F1, F2
holding OTIS Restricted Stock Units (RSUs) 01 Mar 2023 Common Stock 566 $0.000000 Direct F1, F3
holding OTIS Restricted Stock Units (RSUs) 01 Mar 2023 Common Stock 2,187 $0.000000 Direct F1, F4
holding OTIS Restricted Stock Units (RSUs) 01 Mar 2023 Common Stock 289 $0.000000 Direct F1, F5
holding OTIS Restricted Stock Units 01 Mar 2023 Common Stock 8,146 $0.000000 Direct F1, F6
holding OTIS Stock Appreciation Rights 01 Mar 2023 Common Stock 3,146 $83.63 Direct F7
holding OTIS Stock Appreciation Rights 01 Mar 2023 Common Stock 3,371 $81.85 Direct F8
holding OTIS Stock Appreciation Rights 01 Mar 2023 Common Stock 3,650 $63.93 Direct F9
holding OTIS Stock Appreciation Right 01 Mar 2023 Common Stock 8,314 $80.97 Direct F10
holding OTIS Stock Appreciation Right 01 Mar 2023 Common Stock 9,448 $63.92 Direct F11
holding OTIS Stock Appreciation Right 01 Mar 2023 Common Stock 8,125 $67.83 Direct F12
* 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 These RSUs are scheduled to vest in three substantially equal annual installments beginning on the first anniversary of the date of grant. The date of grant was February 7, 2023.
F3 These RSUs are scheduled to vest in two substantially equal annual installments on the second and third anniversaries of the date of grant. The date of grant was February 3, 2022.
F4 These RSUs are scheduled to vest in two substantially equal annual installments on the second and third anniversaries of the date of grant. The date of grant was June 1, 2021.
F5 These RSUs are scheduled to vest on the third anniversary of the date of grant. The date of grant was February 5, 2021.
F6 These RSUs are scheduled to vest in full on the third anniversary of the date of grant. The date of grant was June 1, 2020.
F7 These stock appreciation rights (SARs) were granted on February 7, 2023. They are scheduled to become exercisable in three substantially equal annual installments beginning on the first anniversary of the date of grant.
F8 These SARs were granted on February 3, 2022. 1,123 became exercisable on the first anniversary of the date of grant and the remainder are scheduled to become exercisable in two substantially equal annual installments on the second and third anniversaries of the date of grant.
F9 These SARs were granted on February 5, 2021. A total of 2,433 became exercisable on the first and second anniversaries of the date of grant and the remainder are scheduled to become exercisable on the third anniversary of the date of grant.
F10 These SARs were granted on February 4, 2020. They vested in full on the third anniversary of the date of grant.
F11 These SARs were granted on February 5, 2019. They vested in full on the third anniversary of the date of grant.
F12 These SARs were granted on January 2, 2018. They vested in full on the third anniversary of the date of grant.