Harold Mcgraw III - 18 May 2023 Form 4 Insider Report for Otis Worldwide Corp (OTIS)

Reporting relationship: Director
Issuer ticker: OTIS
Reported as of: 18 May 2023
Net transaction value: +$186,000
SEC form: 4
Accepted by SEC: 22 May 2023, 18:15:04 UTC
Prior SEC filing: 23 May 2022
Source filing: View source filing
Reporting owner signature: Joshua Mullin, Attorney-in-fact

Key filing fact

Harold Mcgraw III filed Form 4 for Otis Worldwide Corp (OTIS) on 22 May 2023.

Key facts

This page summarizes Harold Mcgraw III's Form 4 filing for Otis Worldwide Corp (OTIS).
1 reported transaction and 1 derivative row are listed below.
Accepted by SEC: 22 May 2023, 18:15.

Change

Previous filing in this sequence was filed on 23 May 2022.
Current net transaction value: +$186,000.

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 derivative securities

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

OTIS transaction Derivative

Deferred Stock Units

Award

Transaction value: $186,000
Shares: +2,201
Change %: +6.4%
Price: $84.50
Shares after: 36,749
Date: 18 May 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 2,201
Exercise price
Footnotes: F1

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

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 1 footnote

Footnote F1

The reporting person acquired these deferred stock units (DSUs) under the Board of Directors Deferred Stock Unit Plan (the Plan) for service as a non-employee director. The Plan provides for payment of a portion or all of the annual director compensation in DSUs. Upon retirement or termination, the DSUs in the director's account under the Plan are converted into an equal number of shares of common stock that, at the director's previous election, are distributed either in a lump-sum or in installments. The total also includes vested DSUs and vested deferred restricted stock units that the reporting person received from UTC, our former parent company, that were converted in the spin-off from UTC. Vested deferred restricted stock units are equivalent to DSUs. Both DSUs and deferred restricted stock units accrue dividend equivalents.