Sally Loh - Mar 1, 2023 Form 3 Insider Report for Otis Worldwide Corp (OTIS)

Role
President, Otis China
Signature
Joshua Mullin, Attorney-in-Fact
Stock symbol
OTIS
Transactions as of
Mar 1, 2023
Transactions value $
$0
Form type
3
Date filed
3/3/2023, 03:25 PM
Next filing
Jun 2, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding OTIS Common Stock 11.6K Mar 1, 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) Mar 1, 2023 Common Stock 922 $0.00 Direct F1, F2
holding OTIS Restricted Stock Units (RSUs) Mar 1, 2023 Common Stock 566 $0.00 Direct F1, F3
holding OTIS Restricted Stock Units (RSUs) Mar 1, 2023 Common Stock 2.19K $0.00 Direct F1, F4
holding OTIS Restricted Stock Units (RSUs) Mar 1, 2023 Common Stock 289 $0.00 Direct F1, F5
holding OTIS Restricted Stock Units Mar 1, 2023 Common Stock 8.15K $0.00 Direct F1, F6
holding OTIS Stock Appreciation Rights Mar 1, 2023 Common Stock 3.15K $83.63 Direct F7
holding OTIS Stock Appreciation Rights Mar 1, 2023 Common Stock 3.37K $81.85 Direct F8
holding OTIS Stock Appreciation Rights Mar 1, 2023 Common Stock 3.65K $63.93 Direct F9
holding OTIS Stock Appreciation Right Mar 1, 2023 Common Stock 8.31K $80.97 Direct F10
holding OTIS Stock Appreciation Right Mar 1, 2023 Common Stock 9.45K $63.92 Direct F11
holding OTIS Stock Appreciation Right Mar 1, 2023 Common Stock 8.13K $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.