Stephane de Montlivault - Feb 6, 2024 Form 4 Insider Report for Otis Worldwide Corp (OTIS)

Signature
Joshua Mullin, Attorney-in-Fact
Stock symbol
OTIS
Transactions as of
Feb 6, 2024
Transactions value $
$0
Form type
4
Date filed
2/8/2024, 05:08 PM
Previous filing
Feb 6, 2024
Next filing
Feb 23, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OTIS Common Stock Award +20.8K +46.44% 65.7K Feb 6, 2024 Direct F4
transaction OTIS Common Stock Options Exercise +1.56K +2.37% 67.3K Feb 7, 2024 Direct F1

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 +4.28K $0.00 4.28K Feb 6, 2024 Common Stock 4.28K Direct F1, F2
transaction OTIS Stock Appreciation Rights Award $0 +16.2K $0.00 16.2K Feb 6, 2024 Common Stock 16.2K $91.94 Direct F2
transaction OTIS Restricted Stock Units Options Exercise $0 -1.56K -33.26% $0.00 3.12K Feb 7, 2024 Common Stock 1.56K 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 RSUs and stock appreciation rights vest in three substantially equal annual installments beginning on the first anniversary of the Transaction Date.
F3 On February 7, 2023, the reporting person was granted RSUs vesting in three substantially equal annual installments beginning on the first anniversary of the grant date. The first installment vested on the Transaction Date.
F4 The acquisition of Otis common stock represents the vesting of performance share units (PSUs) previously awarded on February 5, 2021. Each PSU has a value equal to one share of Otis common stock. These PSUs vested on the Transaction Date upon the achievement of the 3-year cycle preestablished performance targets. The performance criteria were certified to be achieved at the 200% level.