4//SEC Filing
Loh Sally 4
Accession 0001062993-24-002577
CIK 0001781335other
Filed
Feb 7, 7:00 PM ET
Accepted
Feb 8, 5:07 PM ET
Size
12.9 KB
Accession
0001062993-24-002577
Insider Transaction Report
Form 4
Loh Sally
President, Otis China
Transactions
- Award
Restricted Stock Units
2024-02-06+4,562→ 4,562 total→ Common Stock (4,562 underlying) - Award
Common Stock
2024-02-06+3,448→ 24,903 total - Award
Stock Appreciation Rights
2024-02-06+17,242→ 17,242 totalExercise: $91.94Exp: 2034-02-05→ Common Stock (17,242 underlying) - Exercise/Conversion
Common Stock
2024-02-07+309→ 25,212 total - Exercise/Conversion
Restricted Stock Units
2024-02-07−309→ 627 total→ Common Stock (309 underlying)
Footnotes (4)
- [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.
- [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.
- [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.
Issuer
Otis Worldwide Corp
CIK 0001781335
Entity typeother
Related Parties
1- filerCIK 0001967969
Filing Metadata
- Form type
- 4
- Filed
- Feb 7, 7:00 PM ET
- Accepted
- Feb 8, 5:07 PM ET
- Size
- 12.9 KB