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

Role
EVP & CFO
Signature
Joshua Mullin, Attorney-in-Fact
Stock symbol
OTIS
Transactions as of
May 11, 2023
Transactions value $
-$507,494
Form type
4
Date filed
5/12/2023, 08:28 PM
Previous filing
Feb 7, 2023
Next filing
Jun 2, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OTIS Common Stock Options Exercise +14.3K +133.17% 25.1K May 11, 2023 Direct F1
transaction OTIS Common Stock Tax liability -$507K -6K -23.92% $84.54 19.1K May 11, 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 -14.3K -100% $0.00* 0 May 11, 2023 Common Stock 14.3K $0.00 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.