Michael Patrick Ryan - 03 Feb 2025 Form 4 Insider Report for Otis Worldwide Corp (OTIS)

Reporting relationship: SVP, CAO & Controller
Issuer ticker: OTIS
Reported as of: 03 Feb 2025
Net transaction value: -$69,796
SEC form: 4
Accepted by SEC: 05 Feb 2025, 20:31:21 UTC
Prior SEC filing: 04 Dec 2024
Next SEC filing: 10 Feb 2025
Source filing: View source filing
Reporting owner signature: Toby Smith, Attorney-in-Fact

Key filing fact

Michael Patrick Ryan filed Form 4 for Otis Worldwide Corp (OTIS) on 05 Feb 2025.

Key facts

This page summarizes Michael Patrick Ryan's Form 4 filing for Otis Worldwide Corp (OTIS).
6 reported transactions and 2 derivative rows are listed below.
Accepted by SEC: 05 Feb 2025, 20:31.

Change

Previous filing in this sequence was filed on 04 Dec 2024.
Current net transaction value: -$69,796.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

OTIS transaction

Common Stock

Options Exercise

Transaction value
Shares: +352
Change %: +47%
Price
Shares after: 1,108
Date: 03 Feb 2025
Ownership: Direct
Footnotes: F1

OTIS transaction

Common Stock

Tax liability

Transaction value: $9,739
Shares: -103
Change %: -9.3%
Price: $94.55
Shares after: 1,005
Date: 03 Feb 2025
Ownership: Direct

OTIS transaction

Common Stock

Award

Transaction value
Shares: +1,785
Change %: +178%
Price
Shares after: 2,790
Date: 04 Feb 2025
Ownership: Direct
Footnotes: F4

OTIS transaction

Common Stock

Tax liability

Transaction value: $60,057
Shares: -636
Change %: -23%
Price: $94.43
Shares after: 2,154
Date: 04 Feb 2025
Ownership: Direct

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

OTIS transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value: $0
Shares: -352
Change %: -100%
Price: $0.000000
Shares after: 0
Date: 03 Feb 2025
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 352
Exercise price
Footnotes: F1, F2

OTIS transaction Derivative

Restricted Stock Units

Award

Transaction value: $0
Shares: +1,577
Change %
Price: $0.000000
Shares after: 1,577
Date: 04 Feb 2025
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 1,577
Exercise price
Footnotes: F1, F3

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 4 footnotes

Footnote 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.

Footnote F2

On February 3, 2022, the reporting person was granted RSUs vesting in three substantially equal annual installments beginning on the first anniversary of the grant date. The last installment vested on the Transaction Date.

Footnote F3

RSUs vest in three substantially equal annual installments beginning on the first anniversary of the Transaction Date.

Footnote F4

The acquisition of Otis common stock represents the vesting of performance share units (PSUs) previously awarded on February 3, 2022. Each PSU has a value equal to one share of Otis common stock. These PSUs vested on the Transaction Date upon the achievement of the 3-year cycle preestablished performance targets. The performance criteria were certified to be achieved at the 82% level.