Echevarria Maria Cristina Mendez - 23 Aug 2024 Form 4 Insider Report for Otis Worldwide Corp (OTIS)

Role
EVP & CFO
Signature
Joshua Mullin, Attorney-in-fact
Issuer symbol
OTIS
Transactions as of
23 Aug 2024
Net transactions value
$0
Form type
4
Filing time
27 Aug 2024, 16:30:49 UTC
Next filing
05 Feb 2025
SEC
View on sec.gov

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 RSUs Award $0 +6,184 $0.000000 6,184 23 Aug 2024 Common Stock 6,184 Direct F1, F2
transaction OTIS SARs Award $0 +24,161 $0.000000 24,161 23 Aug 2024 Common Stock 24,161 $94.20 Direct 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. RSUs include the right to receive dividend equivalents that are credited as additional RSUs.
F2 RSUs and stock appreciation rights (SARs) vest in three substantially equal annual installments beginning on the first anniversary of the Transaction Date.