Viseras Enrique Minarro - Nov 1, 2023 Form 4 Insider Report for Otis Worldwide Corp (OTIS)

Role
President, Otis EMEA
Signature
Caroline Coursant, Attorney-in-Fact
Stock symbol
OTIS
Transactions as of
Nov 1, 2023
Transactions value $
$0
Form type
4
Date filed
11/2/2023, 06:02 PM
Previous filing
Oct 10, 2023
Next filing
Feb 8, 2024

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 Award $0 +7.95K $0.00 7.95K Nov 1, 2023 Common Stock 7.95K Direct F1, F2
transaction OTIS Stock Appreciation Rights Award $0 +25.7K $0.00 25.7K Nov 1, 2023 Common Stock 25.7K $76.81 Direct F2
transaction OTIS Restricted Stock Units Award $0 +32.6K $0.00 32.6K Nov 1, 2023 Common Stock 32.6K Direct F1, F3
* 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 These RSUs and stock appreciation rights (SARs) vest in three equal annual installments beginning on the first anniversary of the Transaction Date. SARs become exercisable upon vesting.
F3 These RSUs, which were granted to the reporting person in respect of equity awards that the reporting person forfeited upon joining the issuer, vest in two equal installments on the first and second anniversaries of the Transaction Date.