Peiming Zheng - May 7, 2024 Form 4 Insider Report for Otis Worldwide Corp (OTIS)

Role
EVP, Chief Product, Delivery
Signature
Joshua Mullin, Attorney-in-Fact
Stock symbol
OTIS
Transactions as of
May 7, 2024
Transactions value $
-$2,844,543
Form type
4
Date filed
5/8/2024, 05:16 PM
Previous filing
Mar 4, 2024
Next filing
Dec 4, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OTIS Common Stock Options Exercise $288K +4.72K +14.47% $60.88 37.4K May 7, 2024 Direct
transaction OTIS Common Stock Options Exercise $398K +7.87K +21.07% $50.58 45.2K May 7, 2024 Direct
transaction OTIS Common Stock Options Exercise $262K +4.47K +9.88% $58.66 49.7K May 7, 2024 Direct
transaction OTIS Common Stock Options Exercise $1.6M +23.6K +47.52% $67.83 73.3K May 7, 2024 Direct
transaction OTIS Common Stock Tax liability -$2.55M -27.1K -36.99% $94.01 46.2K May 7, 2024 Direct
transaction OTIS Common Stock Sale -$2.84M -30.4K -66.1% $93.69 15.6K May 7, 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 Disposed to Issuer $0 -4.72K -100% $0.00* 0 May 7, 2024 Common Stock 4.72K $60.88 Direct
transaction OTIS Stock Appreciation Rights Disposed to Issuer $0 -7.87K -100% $0.00* 0 May 7, 2024 Common Stock 7.87K $50.58 Direct
transaction OTIS Stock Appreciation Right Disposed to Issuer $0 -4.47K -100% $0.00* 0 May 7, 2024 Common Stock 4.47K $58.66 Direct
transaction OTIS Stock Appreciation Rights Disposed to Issuer $0 -23.6K -100% $0.00* 0 May 7, 2024 Common Stock 23.6K $67.83 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This is a weighted average exercise. The shares were sold in multiple transactions at prices ranging from $93.57 to $93.955, 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 range set forth above.