Anurag Maheshwari - Oct 3, 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
Oct 3, 2023
Transactions value $
-$67,172
Form type
4
Date filed
10/10/2023, 05:35 PM
Previous filing
Jun 2, 2023
Next filing
Feb 6, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OTIS Common Stock Options Exercise +1.84K +7.45% 26.5K Oct 3, 2023 Direct F1
transaction OTIS Common Stock Tax liability -$67.2K -846 -3.19% $79.40 25.7K Oct 3, 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 -1.84K -33.3% $0.00 3.69K Oct 3, 2023 Common Stock 1.84K 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 credited as additional RSUs.
F2 On October 3, 2022, the reporting person was granted RSUs vesting in three equal annual installments beginning on the first anniversary of the grant date. The first installment vested on the Transaction Date.