Sally Loh - 01 Mar 2024 Form 4 Insider Report for Otis Worldwide Corp (OTIS)

Role: President, Otis China
Signature: Joshua Mullin, Attorney-in-Fact
Issuer symbol: OTIS
Transactions as of: 01 Mar 2024
Net transactions value: $0
Form type: 4
Filing time: 04 Mar 2024, 17:41:39 UTC
Previous filing: 08 Feb 2024
Next filing: 03 Jun 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		+1,207	+4.8%		26,419	01 Mar 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	Restricted Stock Units	Options Exercise	$0	-1,207	-33%	$0.000000	2,424	01 Mar 2024	Common Stock	1,207		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.