James F. Cramer - Jun 1, 2023 Form 4 Insider Report for Otis Worldwide Corp (OTIS)

Role: President, Otis Americas
Signature: Joshua Mullin, Attorney-in-Fact
Stock symbol: OTIS
Transactions as of: Jun 1, 2023
Transactions value $: -$740,192
Form type: 4
Date filed: 6/2/2023, 05:59 PM
Previous filing: Feb 7, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	OTIS	Common Stock	Options Exercise		+20.6K	+408.95%		25.6K	Jun 1, 2023	Direct	F1
transaction	OTIS	Common Stock	Tax liability	-$740K	-9.08K	-35.42%	$81.51	16.6K	Jun 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
transaction	OTIS	Restricted Stock Units	Options Exercise	$0	-20.6K	-100%	$0.00^*	0	Jun 1, 2023	Common Stock	20.6K		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 June 1, 2020, the reporting person was granted Founders RSUs that vested in full on the third anniversary of the date of grant (the Transaction Date). These Founders RSUs included the right to receive dividend equivalents credited as additional RSUs.