Peiming Zheng - Mar 1, 2023 Form 4 Insider Report for Otis Worldwide Corp (OTIS)

Role
EVP, Chief Product, Delivery
Signature
Joshua Mullin, Attorney-in-Fact
Stock symbol
OTIS
Transactions as of
Mar 1, 2023
Transactions value $
$0
Form type
4
Date filed
3/3/2023, 03:28 PM
Previous filing
Feb 7, 2023
Next filing
Jun 2, 2023

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 Award $0 +894 $0.00 894 Mar 1, 2023 Common Stock 894 Direct F1, F2
transaction OTIS Stock Appreciation Rights Award $0 +2.94K $0.00 2.94K Mar 1, 2023 Common Stock 2.94K $85.23 Direct F2
* 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 RSUs and stock appreciation rights (SARs) vest in three equal annual installments beginning on the first anniversary of the Transaction Date. SARs become exercisable upon vesting.