Stephane de Montlivault - Feb 21, 2024 Form 4 Insider Report for Otis Worldwide Corp (OTIS)

Role
President, Otis Asia Pacific
Signature
Joshua Mullin, Attorney-in-Fact
Stock symbol
OTIS
Transactions as of
Feb 21, 2024
Transactions value $
-$1,675,557
Form type
4
Date filed
2/23/2024, 04:32 PM
Previous filing
Feb 8, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OTIS Common Stock Options Exercise $1.35M +19.8K +29.49% $67.83 87.1K Feb 21, 2024 Direct
transaction OTIS Common Stock Options Exercise $2.84M +44.4K +50.97% $63.92 132K Feb 21, 2024 Direct
transaction OTIS Common Stock Tax liability -$4.18M -45.9K -34.86% $91.25 85.7K Feb 21, 2024 Direct
transaction OTIS Common Stock Sale -$1.68M -18.4K -21.47% $91.10 67.3K Feb 21, 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 Appreciate Rights Options Exercise $0 -19.8K -100% $0.00* 0 Feb 21, 2024 Common Stock 19.8K $67.83 Direct
transaction OTIS Stock Appreciation Rights Options Exercise $0 -44.4K -100% $0.00* 0 Feb 21, 2024 Common Stock 44.4K $63.92 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 $90.96 to $91.28, 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.