Echevarria Maria Cristina Mendez - Mar 1, 2025 Form 4 Insider Report for Otis Worldwide Corp (OTIS)

Role: EVP & CFO
Signature: Toby Smith, Attorney-in-Fact
Stock symbol: OTIS
Transactions as of: Mar 1, 2025
Transactions value $: -$32,728
Form type: 4
Date filed: 3/3/2025, 05:11 PM
Previous filing: Feb 10, 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		+838	+30.1%		3.62K	Mar 1, 2025	Direct	F1
transaction	OTIS	Common Stock	Tax liability	-$32.7K	-328	-9.06%	$99.78	3.29K	Mar 1, 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	-838	-100%	$0.00	0	Mar 1, 2025	Common Stock	838		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 March 1, 2022, the reporting person was granted RSUs vesting in three substantially equal annual installments beginning on the first anniversary of the grant date. The third and final installment vested on the Transaction Date.