Nora E. LaFreniere - Feb 6, 2025 Form 4 Insider Report for Otis Worldwide Corp (OTIS)

Role
EVP, General Counsel
Signature
Toby Smith, Attorney-in-Fact
Stock symbol
OTIS
Transactions as of
Feb 6, 2025
Transactions value $
-$303,349
Form type
4
Date filed
2/10/2025, 05:54 PM
Previous filing
Feb 5, 2025
Next filing
Feb 13, 2025
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 +1.59K +6.38% 26.5K Feb 6, 2025 Direct F1
transaction OTIS Common Stock Tax liability -$70.8K -737 -2.78% $96.05 25.8K Feb 6, 2025 Direct
transaction OTIS Common Stock Options Exercise +1.58K +6.13% 27.4K Feb 7, 2025 Direct F1
transaction OTIS Common Stock Tax liability -$69.5K -733 -2.68% $94.83 26.6K Feb 7, 2025 Direct
transaction OTIS Common Stock Sale -$163K -1.7K -6.38% $95.91 24.9K Feb 10, 2025 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 -1.59K -33.28% $0.00 3.19K Feb 6, 2025 Common Stock 1.59K Direct F1, F2
transaction OTIS Restricted Stock Units Options Exercise $0 -1.58K -49.83% $0.00 1.59K Feb 7, 2025 Common Stock 1.58K Direct F1, F3
* 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 6, 2024, 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 On February 7, 2023, 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.