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Filing Details

Accession Number:: 0001062993-25-001779
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2025-02-05 20:28:48
Reporting Period:: 2025-02-03

Accepted Time:: 2025-02-05 20:28:48
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1781335	Otis Worldwide Corp	OTIS	()	4

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1665490	Fran Judith Marks	1 Carrier Place Farmington CT 06032	Chair, Ceo And President	Yes	Yes	No	No

Reported Non-Derivative Transactions

Show Other Fields >>

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Stock	Acquisiton	2025-02-03	10,372	$0.00	219,698	No	4	M	Direct
Common Stock	Disposition	2025-02-03	3,153	$94.55	216,545	No	4	F	Direct
Common Stock	Acquisiton	2025-02-04	50,997	$0.00	267,542	No	4	A	Direct
Common Stock	Disposition	2025-02-04	12,087	$94.43	255,455	No	4	F	Direct
Common Stock	Acquisiton	2025-02-05	101,096	$67.83	356,551	No	4	M	Direct
Common Stock	Disposition	2025-02-05	72,656	$94.38	283,895	No	4	D	Direct
Common Stock	Disposition	2025-02-05	38,012	$94.41	245,883	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	M	Direct
No	4	F	Direct
No	4	A	Direct
No	4	F	Direct
No	4	M	Direct
No	4	D	Direct
No	4	S	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Restricted Stock Units	Disposition	2025-02-03	10,372	$0.00	10,372	$0.00
Common Stock	Restricted Stock Units	Acquisiton	2025-02-04	54,314	$0.00	54,314	$0.00
Common Stock	Stock Appreciation Right	Disposition	2025-02-05	101,096	$0.00	101,096	$67.83

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0			No	4	M	Direct
54,314			No	4	A	Direct
0	2021-01-02	2028-01-01	No	4	M	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	12,800	Indirect	by 2023 GRAT

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 last installment vested on the Transaction Date.
RSUs vest in three substantially equal annual installments beginning on the first anniversary of the Transaction Date.
The acquisition of Otis common stock represents the vesting of performance share units (PSUs) previously awarded on February 3, 2022. 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 82% level. The reporting person previously elected to defer 50% of this award under the LTIP PSU Deferral Plan upon vesting. Any vested shares that are deferred under this plan are credited as DSUs and will be settled in stock. The DSUs will be paid out in an equal number of shares of Otis common stock in accordance with the reporting person's previous elections. DSUs accrue dividend equivalents.
This transaction was effected pursuant to a Rule 10b5-1 plan adopted by the reporting person on July 30, 2024. The shares sold in multiple trades at prices ranging from $93.535 to $94.825. The price reported above reflects the weighted average sale price. The reporting person undertakes to provide the registrant, any security holder of the registrant, or the SEC staff, upon request, full information regarding the number of shares sold at each separate price within the range set forth above. The number of shares sold includes the shares received by the reporting person upon the vesting of the PSUs previously awarded on February 3, 2022 after giving effect to the tax withholdings and the 50% PSU deferral election.
Includes (i) 9,700 shares previously held through the 2023 GRAT which were transferred to the reporting person on August 26, 2024 and are now owned directly and (ii) 1,045 dividend equivalents issued on DSU's under the LTIP PSU Deferral Plan since March 2024.
This transaction was effected pursuant to a Rule 10b5-1 plan adopted by the reporting person on July 30, 2024.