Form 4 for OTIS Otis Worldwide
Accepted 2024-02-08 00:00:00 ET · period of report 2024-02-06 · accession 0001062993-24-002585 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2024-02-08 | 2024-02-06+ | OTIS | Maheshwari Anurag | EVP, CFO | F - Tax | $91.89 | -2,882 | 31.1K | -8% | -$264.8K |
| D | 2024-02-08 | 2024-02-07 | OTIS | Maheshwari Anurag | EVP, CFO | M - OptEx | — | +2,701 | 33.8K | +9% | — |
| D | 2024-02-08 | 2024-02-06 | OTIS | Maheshwari Anurag | EVP, CFO | A - Grant | — | +6,812 | 33.2K | +26% | — |
| DM | 2024-02-08 | 2024-02-06 | OTIS | Maheshwari Anurag | EVP, CFO | A - Grant | $0.00 | +39.5K | 31.2K | New | $0 |
| D | 2024-02-08 | 2024-02-07 | OTIS | Maheshwari Anurag | EVP, CFO | M - OptEx | $0.00 | -2,701 | 5,408 | -33% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2024-02-07 | F | D | 826 | $91.77 | 32,987 | D | — | — | |
| 2 | Common | Common Stock | 2024-02-07 | M | A | 2,701 | — | 33,813 | D | — | — | (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. |
| 3 | Common | Common Stock | 2024-02-06 | A | A | 6,812 | — | 33,168 | D | — | — | (F4) The acquisition of Otis common stock represents the vesting of performance share units (PSUs) previously awarded on February 5, 2021. Each PSU has a value equal to one share of Otis common stock. These PSUs vested on the Transaction Date upon the achievement of the 3-year cycle preestablished performance targets. The performance criteria were certified to be achieved at the 200% level. |
| 4 | Common | Common Stock | 2024-02-06 | F | D | 2,056 | $91.94 | 31,112 | D | — | — | |
| 5 | Derivative | Restricted Stock Units | 2024-02-06 | A | A | 8,268 | $0.00 | 8,268 | D | — · — to — | 8,268 Common Stock | (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 vest in three substantially equal annual installments beginning on the first anniversary of the Transaction Date. |
| 6 | Derivative | Restricted Stock Units | 2024-02-07 | M | D | 2,701 | $0.00 | 5,408 | D | — · — to — | 2,701 Common Stock | (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. (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 first installment vested on the Transaction Date. |
| 7 | Derivative | Stock Appreciation Rights | 2024-02-06 | A | A | 31,250 | $0.00 | 31,250 | D | $91.94 · — to 2034-02-05 | 31,250 Common Stock | (F2) RSUs and stock appreciation rights vest in three substantially equal annual installments beginning on the first anniversary of the Transaction Date. |