Peiming Zheng - 01 Mar 2024 Form 4 Insider Report for Otis Worldwide Corp (OTIS)

Signature
Joshua Mullin, Attorney-in-Fact
Issuer symbol
OTIS
Transactions as of
01 Mar 2024
Net transactions value
-$13,395
Form type
4
Filing time
04 Mar 2024, 17:41:16 UTC
Previous filing
08 Feb 2024
Next filing
08 May 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OTIS Common Stock Options Exercise +301 +0.93% 32,782 01 Mar 2024 Direct F1
transaction OTIS Common Stock Tax liability $13,395 -140 -0.43% $95.68 32,642 01 Mar 2024 Direct

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 Options Exercise $0 -301 -33% $0.000000 606 01 Mar 2024 Common Stock 301 Direct F1, 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 On March 1, 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.