Peiming Zheng - Mar 1, 2023 Form 4 Insider Report for Otis Worldwide Corp (OTIS)

Role: EVP, Chief Product, Delivery
Signature: Joshua Mullin, Attorney-in-Fact
Stock symbol: OTIS
Transactions as of: Mar 1, 2023
Transactions value $: $0
Form type: 4
Date filed: 3/3/2023, 03:28 PM
Previous filing: Feb 7, 2023
Next filing: Jun 2, 2023
SEC: View on sec.gov

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	+894		$0.00	894	Mar 1, 2023	Common Stock	894		Direct	F1, F2
transaction	OTIS	Stock Appreciation Rights	Award	$0	+2.94K		$0.00	2.94K	Mar 1, 2023	Common Stock	2.94K	$85.23	Direct	F2

Showing 1 to 2 of 2 entries

* 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	RSUs and stock appreciation rights (SARs) vest in three equal annual installments beginning on the first anniversary of the Transaction Date. SARs become exercisable upon vesting.