Echevarria Maria Cristina Mendez - Aug 23, 2024 Form 3 Insider Report for Otis Worldwide Corp (OTIS)

Role: EVP & CFO
Signature: Joshua Mullin, Attorney-in-fact
Stock symbol: OTIS
Transactions as of: Aug 23, 2024
Transactions value $: $0
Form type: 3
Date filed: 8/27/2024, 04:01 PM

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	OTIS	Common Stock						1.38K	Aug 23, 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
holding	OTIS	RSUs							Aug 23, 2024	Common Stock	890	$0.00	Direct	F1, F2
holding	OTIS	RSUs							Aug 23, 2024	Common Stock	4.32K	$0.00	Direct	F1, F3
holding	OTIS	RSUs							Aug 23, 2024	Common Stock	652	$0.00	Direct	F1, F4
holding	OTIS	RSUs							Aug 23, 2024	Common Stock	831	$0.00	Direct	F1, F5
holding	OTIS	RSUs							Aug 23, 2024	Common Stock	290	$0.00	Direct	F1, F6
holding	OTIS	SARs							Aug 23, 2024	Common Stock	3.34K	$91.94	Direct	F7
holding	OTIS	SARs							Aug 23, 2024	Common Stock	3.25K	$83.63	Direct	F8
holding	OTIS	SARs							Aug 23, 2024	Common Stock	3.31K	$81.85	Direct	F9

* 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	These RSUs are scheduled to vest in three substantially equal annual installments beginning on the first anniversary of the date of grant. The date of grant was February 6, 2024.
F3	25% of these RSUs are scheduled to vest on October 2, 2025 and the remaining 75% are scheduled to vest on October 2, 2027.
F4	These RSUs are scheduled to vest in two substantially equal annual installments on the second and third anniversaries of the date of grant. The date of grant was February 7, 2023.
F5	These RSUs are scheduled to vest on the third anniversary of the date of grant. The date of grant was March 1, 2022.
F6	These RSUs are scheduled to vest on the third anniversary of the date of grant. The date of grant was February 3, 2022.
F7	These Stock Appreciation Rights (SARs) were granted on February 6, 2024. They are scheduled to become exercisable in three substantially equal annual installments beginning on the first anniversary of the date of grant.
F8	These SARs were granted on February 7, 2023. 1,083 SARs became exercisable on the first anniversary of the date of grant and the remainder are scheduled to become exercisable in two substantially equal annual installments on the second and third anniversaries of the date of grant.
F9	These SARs were granted on February 3, 2022. 1,104 SARs are scheduled to become exercisable on the third anniversary of the date of grant. A total of 2,207 SARs became exercisable on the first and second anniversaries of the date of grant.