Abbe Luersman - 02 Aug 2023 Form 4 Insider Report for Otis Worldwide Corp (OTIS)

Role: EVP & CPO
Signature: Joshua Mullin, Attorney-in-fact
Issuer symbol: OTIS
Transactions as of: 02 Aug 2023
Net transactions value: -$32,538
Form type: 4
Filing time: 03 Aug 2023, 18:15:23 UTC
Previous filing: 07 Feb 2023
Next filing: 06 Feb 2024
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		+1,200	+74%		2,829	02 Aug 2023	Direct	F1
transaction	OTIS	Common Stock	Tax liability	$32,538	-364	-13%	$89.39	2,465	02 Aug 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	-1,200	-50%	$0.000000	1,205	02 Aug 2023	Common Stock	1,200		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 August 2, 2021, the reporting person was granted RSUs vesting in three substantially equal annual installments beginning on the first anniversary of the grant date. These RSUs include the right to receive dividend equivalents credited as additional RSUs. The second installment vested on the Transaction Date.