Filing Details
- Accession Number:
- 0001062993-23-002404
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2023-02-07 18:24:10
- Reporting Period:
- 2023-02-03
- Accepted Time:
- 2023-02-07 18:24:10
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 1781335 | Otis Worldwide Corp | OTIS | Electronic & Other Electrical Equipment (No Computer Equip) (3600) | 833789412 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1816080 | F. James Cramer | 1 Carrier Place Farmington CT 06032 | President, Otis Americas | No | Yes | No | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock | Acquisiton | 2023-02-03 | 1,353 | $0.00 | 8,478 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2023-02-03 | 394 | $84.73 | 8,084 | No | 4 | F | Direct | |
| Common Stock | Acquisiton | 2023-02-03 | 2,085 | $59.53 | 10,169 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2023-02-03 | 1,474 | $84.17 | 8,695 | No | 4 | F | Direct | |
| Common Stock | Acquisiton | 2023-02-03 | 2,340 | $60.88 | 11,035 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2023-02-03 | 1,692 | $84.17 | 9,343 | No | 4 | F | Direct | |
| Common Stock | Disposition | 2023-02-03 | 1,259 | $84.15 | 8,084 | No | 4 | S | Direct | |
| Common Stock | Disposition | 2023-02-03 | 5,142 | $84.28 | 2,942 | No | 4 | S | Direct | |
| Common Stock | Acquisiton | 2023-02-04 | 2,107 | $0.00 | 5,049 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2023-02-04 | 565 | $84.73 | 4,484 | No | 4 | F | Direct | |
| Common Stock | Acquisiton | 2023-02-05 | 1,712 | $0.00 | 6,196 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2023-02-05 | 459 | $84.73 | 5,737 | No | 4 | F | Direct | |
| Common Stock | Disposition | 2023-02-06 | 700 | $83.97 | 5,037 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | M | Direct | |
| No | 4 | F | Direct | |
| No | 4 | M | Direct | |
| No | 4 | F | Direct | |
| No | 4 | M | Direct | |
| No | 4 | F | Direct | |
| No | 4 | S | Direct | |
| No | 4 | S | Direct | |
| No | 4 | M | Direct | |
| No | 4 | F | Direct | |
| No | 4 | M | Direct | |
| No | 4 | F | Direct | |
| No | 4 | S | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Stock | Restricted Stock Units | Disposition | 2023-02-03 | 1,353 | $0.00 | 1,353 | $0.00 |
| Common Stock | Stock Appreciation Rights | Disposition | 2023-02-03 | 2,085 | $0.00 | 2,085 | $59.53 |
| Common Stock | Stock Appreciation Riights | Disposition | 2023-02-03 | 2,340 | $0.00 | 2,340 | $60.88 |
| Common Stock | Restricted Stock Units | Disposition | 2023-02-04 | 2,107 | $0.00 | 2,107 | $0.00 |
| Common Stock | Restricted Stock Unit | Disposition | 2023-02-05 | 1,712 | $0.00 | 1,712 | $0.00 |
| Common Stock | Restricted Stock Units | Acquisiton | 2023-02-07 | 4,607 | $0.00 | 4,607 | $0.00 |
| Common Stock | Stock Appreciation Rights | Acquisiton | 2023-02-07 | 15,730 | $0.00 | 15,730 | $83.63 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 2,716 | No | 4 | M | Direct | ||
| 0 | 2017-01-02 | 2024-01-01 | No | 4 | M | Direct |
| 0 | 2018-01-02 | 2025-01-01 | No | 4 | M | Direct |
| 0 | No | 4 | M | Direct | ||
| 1,571 | No | 4 | M | Direct | ||
| 4,607 | No | 4 | A | Direct | ||
| 15,730 | 2033-02-06 | No | 4 | A | Direct |
Footnotes
- 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.
- On February 3, 2022, 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.
- The reporting person was granted RSUs by our former parent on February 4, 2020. These were converted into issuer RSUs that fully vested on the Transaction Date.
- On February 5, 2021, 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.
- RSUs and stock appreciation rights vest in three substantially equal annual installments beginning on the first anniversary of the Transaction Date.
Billionaire Hedge Funds
