Judith Fran Marks - Feb 3, 2024 Form 4 Insider Report for Otis Worldwide Corp (OTIS)

Role
Chair, CEO & President, Director
Signature
Joshua Mullin, Attorney-in-Fact
Stock symbol
OTIS
Transactions as of
Feb 3, 2024
Transactions value $
-$749,909
Form type
4
Date filed
2/6/2024, 04:50 PM
Previous filing
Jun 15, 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 +10.2K +9.07% 123K Feb 3, 2024 Direct F1
transaction OTIS Common Stock Tax liability -$283K -3.11K -2.53% $90.97 120K Feb 3, 2024 Direct
transaction OTIS Common Stock Options Exercise +11.4K +9.5% 131K Feb 5, 2024 Direct F1
transaction OTIS Common Stock Tax liability -$467K -5.14K -3.93% $90.89 126K Feb 5, 2024 Direct
holding OTIS Common Stock 22.5K Feb 3, 2024 by 2023 GRAT F4

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 -10.2K -49.98% $0.00 10.2K Feb 3, 2024 Common Stock 10.2K Direct F1, F2
transaction OTIS Restricted Stock Units Options Exercise $0 -11.4K -100% $0.00* 0 Feb 5, 2024 Common Stock 11.4K 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.
F4 On August 10, 2023, the reporting person established a grantor retained annuity trust (GRAT) and contributed 22,500 of shares of the Issuer's common stock to it. The reporting person is the sole trustee and annuitant of the GRAT, which is scheduled to expire in accordance with its terms on August 10, 2025.