Michael Patrick Ryan - 11 Nov 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: 11 Nov 2022
Net transactions value: $0
Form type: 4
Filing time: 15 Nov 2022, 15:08:19 UTC
Previous filing: 09 Aug 2022
Next filing: 07 Feb 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	$2,244	+29		$77.37	29	11 Nov 2022	Direct
transaction	OTIS	Common Stock	Tax liability	$2,244	-29	-100%	$77.37	0	11 Nov 2022	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	-29	-3.4%	$0.000000	826	11 Nov 2022	Common Stock	29	$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	Each restricted stock unit represents a contingent right to receive one share of common stock from the issuer.
F2	This transaction reflects a reduction in the RSUs otherwise deliverable upon future vesting in order to satisfy taxes that are due because the reporting person qualifies for retirement treatment under the award. These RSUs accrue dividend equivalents and were awarded on February 5, 2021.