Peiming Zheng - 10 Nov 2023 Form 4 Insider Report for Otis Worldwide Corp (OTIS)

Role: EVP, Chief Product, Delivery
Signature: Joshua Mullin, Attorney-in-Fact
Issuer symbol: OTIS
Transactions as of: 10 Nov 2023
Net transactions value: $0
Form type: 4
Filing time: 13 Nov 2023, 17:26:00 UTC
Previous filing: 02 Jun 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	$9,515	+116	+0.67%	$82.03	17,357	10 Nov 2023	Direct
transaction	OTIS	Common Stock	Tax liability	$9,515	-116	-0.67%	$82.03	17,241	10 Nov 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	-116	-4.2%	$0.000000	2,632	10 Nov 2023	Common Stock	116		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 rights to receive dividend equivalents that are credited as additional RSUs.
F2	This transaction reflects a reduction in the RSUs otherwise deliverable upon future vesting in order to satisfy taxes that are due because the reporting person qualifies for retirement treatment under the award. These RSUs were awarded on February 3, 2022.