Nora E. LaFreniere - Jul 23, 2024 Form 4 Insider Report for Otis Worldwide Corp (OTIS)

Role
EVP, General Counsel
Signature
Joshua Mullin, Attorney-in-Fact
Stock symbol
OTIS
Transactions as of
Jul 23, 2024
Transactions value $
$0
Form type
4
Date filed
7/25/2024, 06:52 PM
Previous filing
Feb 20, 2024

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 Award $0 +30.8K $0.00 30.8K Jul 23, 2024 Common Stock 30.8K 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 and include the right to receive dividend equivalents that are credited as additional RSUs.
F2 One third of the RSUs are eligible to vest on the first anniversary of the Transaction Date and the remainder are eligible to vest on the third anniversary of the Transaction Date.