Joseph Jay Armas - 01 May 2025 Form 3 Insider Report for Otis Worldwide Corp (OTIS)

Role
President, Otis US & Canada
Signature
Toby Smith, Attorney-in-Fact
Issuer symbol
OTIS
Transactions as of
01 May 2025
Net transactions value
$0
Form type
3
Filing time
09 May 2025, 17:02:14 UTC
Next filing
03 Jun 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Armas Joseph Jay President, Otis US & Canada 1 CARRIER PLACE, FARMINGTON Toby Smith, Attorney-in-Fact 09 May 2025 0002067209

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding OTIS Common Stock 260 01 May 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
holding OTIS Restricted Stock Units 01 May 2025 Common Stock 1,282 $0.000000 Direct F1, F2
holding OTIS Restricted Stock Units 01 May 2025 Common Stock 565 $0.000000 Direct F1, F3
holding OTIS Restricted Stock Units 01 May 2025 Common Stock 228 $0.000000 Direct F1, F4
holding OTIS Stock Appreciation Rights 01 May 2025 Common Stock 2,625 $91.94 Direct F5
holding OTIS Stock Appreciation Rights 01 May 2025 Common Stock 1,119 $83.63 Direct F6
holding OTIS Stock Appreciation Rights 01 May 2025 Common Stock 403 $81.85 Direct F7
holding OTIS SRP Stock Unit 01 May 2025 Common Stock 35 Direct F8
* 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 and include the right to receive dividend equivalents that are credited as additional RSUs.
F2 These RSUs are scheduled to vest in three substantially equal annual installments beginning on the first anniversary of the date of grant. The date of grant was February 4, 2025.
F3 These RSUs are scheduled to vest in two substantially equal annual installments on the second and third anniversaries of the date of grant. The date of grant was February 6, 2024.
F4 These RSUs are scheduled to vest on the third anniversary of the date of grant. The date of grant was February 7, 2023.
F5 These Stock Appreciation Rights (SARs) were granted on February 6, 2024. 541 SARs became exercisable on the first anniversary of the date of grant and the remaining 2,084 SARs are scheduled to become exercisable in two substantially equal annual installments on the second and third anniversaries of the date of grant.
F6 These SARs were granted on February 7, 2023. 384 SARs became exercisable on the first and second anniversaries of the date of grant. The remaining 735 SARs are scheduled to become exercisable on the third anniversary of the date of grant.
F7 These SARs were granted on February 3, 2022 and became fully exercisable on the third anniversary of the date of grant.
F8 Each Savings Restoration Plan ("SRP") stock unit is the economic equivalent of one share of Otis common stock. The SRP is an excess benefit plan. No new allocations can be made in SRP stock units under the plan but the SRP stock units accrue dividend equivalents. The SRP stock units will be settled in cash upon the reporting person's retirement or other termination of service.

Remarks:

Exhibit List: Exhibit 24 - Power of Attorney