Viseras Enrique Minarro - Nov 1, 2024 Form 4 Insider Report for Otis Worldwide Corp (OTIS)

Role
President, Otis EMEA
Signature
Toby Smith, Attorney-in-fact
Stock symbol
OTIS
Transactions as of
Nov 1, 2024
Transactions value $
-$899,435
Form type
4
Date filed
11/4/2024, 04:13 PM
Previous filing
Feb 8, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OTIS Common Stock Options Exercise +2.69K 2.69K Nov 1, 2024 Direct F1
transaction OTIS Common Stock Tax liability -$126K -1.26K -47% $99.44 1.42K Nov 1, 2024 Direct
transaction OTIS Common Stock Options Exercise +16.6K +1162.64% 18K Nov 1, 2024 Direct F1
transaction OTIS Common Stock Tax liability -$774K -7.78K -43.28% $99.44 10.2K Nov 1, 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 -2.69K -33.3% $0.00 5.38K Nov 1, 2024 Common Stock 2.69K Direct F1, F2
transaction OTIS Restricted Stock Units Options Exercise $0 -16.6K -49.99% $0.00 16.6K Nov 1, 2024 Common Stock 16.6K 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 November 1, 2023 the reporting person was granted 7,946 RSUs that vest in three equal installments on the first, second and third anniversaries of the Transaction Date.
F3 On November 1, 2023, the reporting person was granted 32,609 RSUs that vest in two equal installments on the first and second anniversaries of the Transaction Date.