Michael Patrick Ryan - 03 Feb 2022 Form 4 Insider Report for Otis Worldwide Corp (OTIS)

Role
VP, CAO & Controller
Signature
Joshua Mullin, Attorney-in-Fact
Issuer symbol
OTIS
Transactions as of
03 Feb 2022
Net transactions value
+$240,465
Form type
4
Filing time
07 Feb 2022, 15:36:41 UTC
Previous filing
02 Dec 2021
Next filing
09 Aug 2022
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 +418 418 05 Feb 2021 Direct F1
transaction OTIS Common Stock Tax liability $12,696 -154 -37% $82.44 264 05 Feb 2021 Direct
transaction OTIS Common Stock Options Exercise +2,137 +809% 2,401 05 Feb 2021 Direct F1
transaction OTIS Common Stock Tax liability $51,113 -620 -26% $82.44 1,781 05 Feb 2021 Direct
transaction OTIS Common Stock Options Exercise +1,694 +95% 3,475 05 Feb 2021 Direct F1
transaction OTIS Common Stock Tax liability $40,560 -492 -14% $82.44 2,983 05 Feb 2021 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 Award $0 +1,040 $0.000000 1,040 03 Feb 2022 Common Stock 1,040 $0.000000 Direct F1, F2
transaction OTIS Stock Appreciation Rights Award $344,834 +4,213 $81.85 4,213 03 Feb 2022 Common Stock 4,213 $81.85 Direct F2
transaction OTIS Restricted Stock Units Options Exercise $0 -418 -33% $0.000000 846 05 Feb 2022 Common Stock 418 $0.000000 Direct F1, F3
transaction OTIS Restricted Stock Units Options Exercise $0 -2,137 -100% $0.000000* 0 05 Feb 2022 Common Stock 2,137 $0.000000 Direct F1, F4
transaction OTIS Restricted Stock Units Options Exercise $0 -1,694 -100% $0.000000* 0 05 Feb 2022 Common Stock 1,694 $0.000000 Direct F1, F5
* 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.
F2 The RSUs and stock appreciation rights vest in three equal annual installments beginning on the first anniversary of the Transaction Date. The RSUs include the right to receive dividend equivalents that are credited as additional RSUs.
F3 The reporting person was granted RSUs vesting in three equal annual installments beginning on the first anniversary of the grant date. These RSUs include the right to receive dividend equivalents credited as additional RSUs.
F4 The reporting person was granted performance stock units by our former parent on Feb 5, 2019. These were converted into issuer RSUs that fully vested on the Transaction Date.
F5 The reporting person was granted RSUs by our former parent on February 5, 2019. These RSUs, which included the right to receive dividend equivalents credited as additional RSUs, were converted into issuer RSUs that fully vested on the Transaction Date.