RAHUL GHAI - 01 Aug 2022 Form 4 Insider Report for Otis Worldwide Corp (OTIS)

Role: EVP, CFO
Signature: Joshua Mullin, Attorney-in-Fact
Issuer symbol: OTIS
Transactions as of: 01 Aug 2022
Net transactions value: -$1,071,866
Form type: 4
Filing time: 02 Aug 2022, 18:11:22 UTC
Previous filing: 05 May 2022
Next filing: 06 Sep 2023
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		-13,125	-45%		15,773	01 Aug 2022	Direct	F1
transaction	OTIS	Common Stock	Tax liability	$476,882	-6,092	-39%	$78.28	9,681	01 Aug 2022	Direct
transaction	OTIS	Common Stock	Sale	$48,550	-618	-6.4%	$78.56	9,063	01 Aug 2022	Direct
transaction	OTIS	Common Stock	Sale	$157,081	-2,000	-22%	$78.54	7,063	01 Aug 2022	Direct
transaction	OTIS	Common Stock	Sale	$7,788	-100	-1.4%	$77.88	6,963	02 Aug 2022	Direct
transaction	OTIS	Common Stock	Sale	$381,565	-4,900	-70%	$77.87	2,063	02 Aug 2022	Direct
holding	OTIS	Common Stock						19	01 Aug 2022	By IRA

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	-13,125	-100%	$0.000000^*	0	01 Aug 2022	Common Stock	13,125	$0.000000	Direct	F1, F2

* 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 reporting person was granted RSUs that vested in full on the third anniversary of the date of grant. These RSUs included the right to receive dividend equivalents credited as additional RSUs.