Nora E. LaFreniere - 06 Feb 2025 Form 4 Insider Report for Otis Worldwide Corp (OTIS)

Role
EVP, General Counsel
Signature
Toby Smith, Attorney-in-Fact
Issuer symbol
OTIS
Transactions as of
06 Feb 2025
Net transactions value
-$303,349
Form type
4
Filing time
10 Feb 2025, 17:54:10 UTC
Previous filing
05 Feb 2025
Next filing
13 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 +1,590 +6.4% 26,517 06 Feb 2025 Direct F1
transaction OTIS Common Stock Tax liability $70,789 -737 -2.8% $96.05 25,780 06 Feb 2025 Direct
transaction OTIS Common Stock Options Exercise +1,580 +6.1% 27,360 07 Feb 2025 Direct F1
transaction OTIS Common Stock Tax liability $69,510 -733 -2.7% $94.83 26,627 07 Feb 2025 Direct
transaction OTIS Common Stock Sale $163,050 -1,700 -6.4% $95.91 24,927 10 Feb 2025 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 -1,590 -33% $0.000000 3,188 06 Feb 2025 Common Stock 1,590 Direct F1, F2
transaction OTIS Restricted Stock Units Options Exercise $0 -1,580 -50% $0.000000 1,591 07 Feb 2025 Common Stock 1,580 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 February 6, 2024, the reporting person was granted RSUs vesting in three substantially equal annual installments beginning on the first anniversary of the grant date. The first installment vested on the Transaction Date.
F3 On February 7, 2023, the reporting person was granted RSUs vesting in three substantially equal annual installments beginning on the first anniversary of the grant date. The second installment vested on the Transaction Date.