Tracy A. Embree - 06 Feb 2024 Form 4 Insider Report for Otis Worldwide Corp (OTIS)

Role
President, Otis Americas
Signature
Joshua Mullin, Attorney-in-Fact
Issuer symbol
OTIS
Transactions as of
06 Feb 2024
Net transactions value
$0
Form type
4
Filing time
08 Feb 2024, 17:06:41 UTC
Previous filing
02 Nov 2023
Next filing
20 May 2024
SEC
View on sec.gov

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 +7,128 $0.000000 7,128 06 Feb 2024 Common Stock 7,128 Direct F1, F2
transaction OTIS Stock Appreciation Rights Award $0 +26,940 $0.000000 26,940 06 Feb 2024 Common Stock 26,940 $91.94 Direct 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 RSUs and stock appreciation rights vest in three substantially equal annual installments beginning on the first anniversary of the Transaction Date.