Abbe Luersman - 02 Aug 2024 Form 4 Insider Report for Otis Worldwide Corp (OTIS)

Role
EVP & CPO
Signature
Joshua Mullin, Attorney-in-fact
Issuer symbol
OTIS
Transactions as of
02 Aug 2024
Net transactions value
-$440,240
Form type
4
Filing time
05 Aug 2024, 16:04:57 UTC
Previous filing
08 Feb 2024
Next filing
08 Nov 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 +10,376 +78% 23,661 02 Aug 2024 Direct F1
transaction OTIS Common Stock Tax liability $440,240 -4,669 -20% $94.29 18,992 02 Aug 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 -1,224 -100% $0.000000* 0 02 Aug 2024 Common Stock 1,224 Direct F1, F2
transaction OTIS Restricted Stock Units Options Exercise $0 -9,152 -100% $0.000000* 0 02 Aug 2024 Common Stock 9,152 Direct F1, F3
* 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 August 2, 2021, the reporting person was granted RSUs vesting in three substantially equal annual installments beginning on the first anniversary of the grant date. The final installment vested on the Transaction Date.
F3 On August 2, 2021, the reporting person was granted RSUs vesting in full on the third anniversary of the grant date.