Michael Patrick Ryan - 01 Jun 2023 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: 01 Jun 2023
Net transactions value: -$320,090
Form type: 4
Filing time: 02 Jun 2023, 18:01:41 UTC
Previous filing: 07 Feb 2023
Next filing: 28 Jul 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		+10,299			10,299	01 Jun 2023	Direct	F1
transaction	OTIS	Common Stock	Tax liability	$320,090	-3,927	-38%	$81.51	6,372	01 Jun 2023	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	-10,299	-100%	$0.000000^*	0	01 Jun 2023	Common Stock	10,299		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. RSUs include the right to receive dividend equivalents that are credited as additional RSUs.
F2	On June 1, 2020, the reporting person was granted Founders RSUs that vested in full on the third anniversary of the date of grant (the Transaction Date). These Founders RSUs included the right to receive dividend equivalents credited as additional RSUs.