Viseras Enrique Minarro - 01 Nov 2024 Form 4 Insider Report for Otis Worldwide Corp (OTIS)

Role: President, Otis EMEA
Signature: Toby Smith, Attorney-in-fact
Issuer symbol: OTIS
Transactions as of: 01 Nov 2024
Net transactions value: -$899,435
Form type: 4
Filing time: 04 Nov 2024, 16:13:45 UTC
Previous filing: 08 Feb 2024
Next filing: 05 Feb 2025
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		+2,687			2,687	01 Nov 2024	Direct	F1
transaction	OTIS	Common Stock	Tax liability	$125,593	-1,263	-47%	$99.44	1,424	01 Nov 2024	Direct
transaction	OTIS	Common Stock	Options Exercise		+16,556	+1163%		17,980	01 Nov 2024	Direct	F1
transaction	OTIS	Common Stock	Tax liability	$773,842	-7,782	-43%	$99.44	10,198	01 Nov 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	-2,687	-33%	$0.000000	5,383	01 Nov 2024	Common Stock	2,687		Direct	F1, F2
transaction	OTIS	Restricted Stock Units	Options Exercise	$0	-16,556	-50%	$0.000000	16,564	01 Nov 2024	Common Stock	16,556		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.