Anurag Maheshwari - 11 May 2023 Form 4 Insider Report for Otis Worldwide Corp (OTIS)

Role
EVP & CFO
Signature
Joshua Mullin, Attorney-in-Fact
Issuer symbol
OTIS
Transactions as of
11 May 2023
Net transactions value
-$507,494
Form type
4
Filing time
12 May 2023, 20:28:21 UTC
Previous filing
07 Feb 2023
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 +14,333 +133% 25,096 11 May 2023 Direct F1
transaction OTIS Common Stock Tax liability $507,494 -6,003 -24% $84.54 19,093 11 May 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 -14,333 -100% $0.000000* 0 11 May 2023 Common Stock 14,333 $0.000000 Direct F1, 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 On May 11, 2020, the reporting person was granted RSUs. These RSUs fully vested on the Transaction Date.