Michael Patrick Ryan - Feb 3, 2024 Form 4 Insider Report for Otis Worldwide Corp (OTIS)

Signature
Joshua Mullin, Attorney-in-Fact
Stock symbol
OTIS
Transactions as of
Feb 3, 2024
Transactions value $
-$22,460
Form type
4
Date filed
2/6/2024, 04:49 PM
Previous filing
Jul 28, 2023
Next filing
Feb 8, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OTIS Common Stock Options Exercise +354 354 Feb 3, 2024 Direct F1
transaction OTIS Common Stock Tax liability -$11.8K -130 -36.72% $90.97 224 Feb 3, 2024 Direct
transaction OTIS Common Stock Options Exercise +402 +179.46% 626 Feb 5, 2024 Direct F1
transaction OTIS Common Stock Tax liability -$10.6K -117 -18.69% $90.89 509 Feb 5, 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 -354 -49.37% $0.00 363 Feb 3, 2024 Common Stock 354 Direct F1, F2
transaction OTIS Restricted Stock Units Options Exercise $0 -402 -100% $0.00* 0 Feb 5, 2024 Common Stock 402 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 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 second installment vested on the Transaction Date.
F3 On February 5, 2021, 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.