Peiming Zheng - Dec 2, 2024 Form 4 Insider Report for Otis Worldwide Corp (OTIS)

Role
EVP, Chief Product, Delivery
Signature
Toby Smith, Attorney-in-Fact
Stock symbol
OTIS
Transactions as of
Dec 2, 2024
Transactions value $
$0
Form type
4
Date filed
12/4/2024, 04:18 PM
Previous filing
May 8, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OTIS Common Stock Options Exercise $13.5K +133 +0.85% $101.80 15.7K Dec 2, 2024 Direct
transaction OTIS Common Stock Tax liability -$13.5K -133 -0.85% $101.80 15.6K Dec 2, 2024 Direct
transaction OTIS Common Stock Options Exercise $2.65K +26 +0.17% $101.80 15.6K Dec 2, 2024 Direct
transaction OTIS Common Stock Tax liability -$2.65K -26 -0.17% $101.80 15.6K Dec 2, 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 -133 -4.21% $0.00 3.03K Dec 2, 2024 Common Stock 133 Direct F1, F2
transaction OTIS Restricted Stock Units Options Exercise $0 -26 -4.24% $0.00 587 Dec 2, 2024 Common Stock 26 Direct F1, F3
transaction OTIS Restricted Stock Units Award $0 +29.8K $0.00 29.8K Dec 3, 2024 Common Stock 29.8K Direct F1, F4
* 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 rights to receive dividend equivalents that are credited as additional RSUs.
F2 This transaction reflects a reduction in the RSUs otherwise deliverable upon future vesting in order to satisfy taxes that are due because the reporting person qualifies for retirement treatment under the award. These RSUs were awarded on February 7, 2023.
F3 This transaction reflects a reduction in the RSUs otherwise deliverable upon future vesting in order to satisfy taxes that are due because the reporting person qualifies for retirement treatment under the award. These RSUs were awarded on March 1, 2023.
F4 One third of the RSUs are eligible to vest on the first anniversary of the Transaction Date and the remainder are eligible to vest on the third anniversary of the Transaction Date.