Viseras Enrique Minarro - Feb 6, 2024 Form 4 Insider Report for Otis Worldwide Corp (OTIS)

Role
President, Otis EMEA
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, 05:09 PM
Previous filing
Nov 2, 2023
Next filing
Nov 4, 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 +7.13K $0.00 7.13K Feb 6, 2024 Common Stock 7.13K Direct F1, F2
transaction OTIS Stock Appreciation Rights Award $0 +26.9K $0.00 26.9K Feb 6, 2024 Common Stock 26.9K $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.