Nora E. LaFreniere - Feb 20, 2024 Form 4 Insider Report for Otis Worldwide Corp (OTIS)

Role
EVP, General Counsel
Signature
Joshua Mullin, Attorney-in-Fact
Stock symbol
OTIS
Transactions as of
Feb 20, 2024
Transactions value $
-$2,008,755
Form type
4
Date filed
2/20/2024, 06:01 PM
Previous filing
Feb 8, 2024
Next filing
Jul 25, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OTIS Common Stock Options Exercise $358K +5.87K +14.28% $60.88 47K Feb 20, 2024 Direct
transaction OTIS Common Stock Options Exercise $452K +8.94K +19.02% $50.58 55.9K Feb 20, 2024 Direct
transaction OTIS Common Stock Tax liability -$810K -8.91K -15.92% $90.90 47K Feb 20, 2024 Direct
transaction OTIS Common Stock Sale -$2.01M -22.1K -47% $90.87 24.9K Feb 20, 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 Stock Appreciation Rights Options Exercise $0 -5.87K -100% $0.00* 0 Feb 20, 2024 Common Stock 5.87K $60.88 Direct
transaction OTIS Stock Appreciation Rights Options Exercise $0 -8.94K -100% $0.00* 0 Feb 20, 2024 Common Stock 8.94K $50.58 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $90.835 to $90.93, inclusive. The reporting person undertakes to provide the registrant, any security holder of the registrant, or the SEC staff, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth above.