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

Role: EVP, General Counsel
Signature: Joshua Mullin, Attorney-in-Fact
Issuer symbol: OTIS
Transactions as of: 20 Feb 2024
Net transactions value: -$2,008,755
Form type: 4
Filing time: 20 Feb 2024, 18:01:50 UTC
Previous filing: 08 Feb 2024
Next filing: 25 Jul 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	$357,548	+5,873	+14%	$60.88	47,001	20 Feb 2024	Direct
transaction	OTIS	Common Stock	Options Exercise	$452,084	+8,938	+19%	$50.58	55,939	20 Feb 2024	Direct
transaction	OTIS	Common Stock	Tax liability	$809,555	-8,906	-16%	$90.90	47,033	20 Feb 2024	Direct
transaction	OTIS	Common Stock	Sale	$2,008,832	-22,106	-47%	$90.87	24,927	20 Feb 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	-5,873	-100%	$0.000000^*	0	20 Feb 2024	Common Stock	5,873	$60.88	Direct
transaction	OTIS	Stock Appreciation Rights	Options Exercise	$0	-8,938	-100%	$0.000000^*	0	20 Feb 2024	Common Stock	8,938	$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.

Content

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.