4/A//SEC Filing
MCGRAW HAROLD III 4/A
Accession 0001062993-21-001096
CIK 0001781335other
Filed
Feb 8, 7:00 PM ET
Accepted
Feb 9, 4:38 PM ET
Size
6.1 KB
Accession
0001062993-21-001096
Insider Transaction Report
Form 4/AAmended
MCGRAW HAROLD III
Director
Transactions
- Award
Deferred Stock Units
2020-05-11$51.81/sh+3,590.041$186,000→ 28,384.79 total→ Common Stock (3,590.041 underlying)
Footnotes (2)
- [F1]The reporting person acquired these stock units under the Otis Worldwide Corporation Board of Directors Deferred Stock Unit Plan (the Plan) in connection with the reporting person's annual compensation for service as a non-employee director. The Plan provides for payment of a portion or all of the annual compensation in deferred stock units. Upon retirement or termination, the deferred stock units in the director's account under the Plan are converted into an equal number of shares of common stock that, at the director's previous election, are distributed either in a lump-sum or in installments.
- [F2]The reporting person, who was previously a member of the UTC Board of Directors, received Otis Deferred Stock Units in connection with the spin-off of the issuer from UTC that were attributable to his prior service on the UTC Board of Directors. The total previously reported overstated the number of deferred stock units the reporting person received for his prior service with UTC. The total also includes vested deferred restricted stock units that the reporting person received from UTC that were converted in the spin-off as they are equivalent to deferred stock units.
Issuer
Otis Worldwide Corp
CIK 0001781335
Entity typeother
Related Parties
1- filerCIK 0001191761
Filing Metadata
- Form type
- 4/A
- Filed
- Feb 8, 7:00 PM ET
- Accepted
- Feb 9, 4:38 PM ET
- Size
- 6.1 KB