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

Signature
Joshua Mullin, Attorney-in-Fact
Issuer symbol
OTIS
Transactions as of
23 Jul 2024
Net transactions value
$0
Form type
4
Filing time
25 Jul 2024, 18:52:04 UTC
Previous filing
20 Feb 2024
Next filing
11 Dec 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 +30,808 $0.000000 30,808 23 Jul 2024 Common Stock 30,808 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.