Michael Patrick Ryan - Feb 3, 2023 Form 4 Insider Report for Otis Worldwide Corp (OTIS)

Role: VP, CAO & Controller
Signature: Joshua Mullin, Attorney-in-Fact
Stock symbol: OTIS
Transactions as of: Feb 3, 2023
Transactions value $: -$497,229
Form type: 4
Date filed: 2/7/2023, 05:24 PM
Previous filing: Nov 15, 2022
Next filing: Jun 2, 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		+349			349	Feb 3, 2023	Direct	F1
transaction	OTIS	Common Stock	Tax liability	-$10.8K	-128	-36.68%	$84.73	221	Feb 3, 2023	Direct
transaction	OTIS	Common Stock	Options Exercise		+1.81K	+818.1%		2.03K	Feb 4, 2023	Direct	F1
transaction	OTIS	Common Stock	Tax liability	-$44.5K	-525	-25.87%	$84.73	1.5K	Feb 4, 2023	Direct
transaction	OTIS	Common Stock	Options Exercise		+433	+28.79%		1.94K	Feb 5, 2023	Direct	F1
transaction	OTIS	Common Stock	Tax liability	-$10.7K	-126	-6.5%	$84.73	1.81K	Feb 5, 2023	Direct
transaction	OTIS	Common Stock	Options Exercise	$20.2K	+340	+18.77%	$59.53	2.15K	Feb 6, 2023	Direct
transaction	OTIS	Common Stock	Tax liability	-$20.2K	-239	-11.11%	$84.47	1.91K	Feb 6, 2023	Direct
transaction	OTIS	Common Stock	Options Exercise	$88.1K	+1.45K	+75.68%	$60.88	3.36K	Feb 6, 2023	Direct
transaction	OTIS	Common Stock	Tax liability	-$88K	-1.04K	-31.02%	$84.47	2.32K	Feb 6, 2023	Direct
transaction	OTIS	Common Stock	Options Exercise	-$88.3K	-1.75K	-30.05%	$50.58	4.06K	Feb 6, 2023	Direct
transaction	OTIS	Common Stock	Tax liability	-$88.2K	-1.04K	-25.7%	$84.47	3.02K	Feb 6, 2023	Direct
transaction	OTIS	Common Stock	Sale	-$8.45K	-100	-3.31%	$84.52	2.92K	Feb 6, 2023	Direct
transaction	OTIS	Common Stock	Sale	-$93.5K	-1.11K	-37.94%	$84.49	1.81K	Feb 6, 2023	Direct
transaction	OTIS	Common Stock	Sale	-$153K	-1.81K	-100%	$84.44	0	Feb 6, 2023	Direct

Showing 1 to 15 of 15 entries

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	-349	-33.08%	$0.00	706	Feb 3, 2023	Common Stock	349		Direct	F1, F2
transaction	OTIS	Restricted Stock Units	Options Exercise	$0	-1.81K	-100%	$0.00^*	0	Feb 4, 2023	Common Stock	1.81K		Direct	F1, F3
transaction	OTIS	Restricted Stock Units	Options Exercise	$0	-433	-52.23%	$0.00	396	Feb 5, 2023	Common Stock	433		Direct	F1, F4
transaction	OTIS	Stock Appreciation Rights	Options Exercise	$0	-340	-100%	$0.00^*	0	Feb 6, 2023	Common Stock	340	$59.53	Direct
transaction	OTIS	Stock Appreciation Rights	Options Exercise	$0	-1.45K	-100%	$0.00^*	0	Feb 6, 2023	Common Stock	1.45K	$60.88	Direct
transaction	OTIS	Stock Appreciation Rights	Options Exercise	$0	-1.75K	-100%	$0.00^*	0	Feb 6, 2023	Common Stock	1.75K	$50.58	Direct
transaction	OTIS	Restricted Stock Units	Award	$0	+1.08K		$0.00	1.08K	Feb 7, 2023	Common Stock	1.08K		Direct	F1, F5
transaction	OTIS	Stock Appreciation Rights	Award	$0	+3.67K		$0.00	3.67K	Feb 7, 2023	Common Stock	3.67K	$83.63	Direct	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. 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 first installment vested on the Transaction Date.
F3	The reporting person was granted RSUs by our former parent on February 4, 2020. These were converted into issuer RSUs that fully vested on the Transaction Date.
F4	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 second installment vested on the Transaction Date.
F5	RSUs and stock appreciation rights vest in three substantially equal annual installments beginning on the first anniversary of the Transaction Date.