4//SEC Filing
Maheshwari Anurag 4
Accession 0001062993-24-002585
CIK 0001781335other
Filed
Feb 7, 7:00 PM ET
Accepted
Feb 8, 5:12 PM ET
Size
15.6 KB
Accession
0001062993-24-002585
Insider Transaction Report
Form 4
Maheshwari Anurag
EVP & CFO
Transactions
- Tax Payment
Common Stock
2024-02-06$91.94/sh−2,056$189,029→ 31,112 total - Award
Restricted Stock Units
2024-02-06+8,268→ 8,268 total→ Common Stock (8,268 underlying) - Exercise/Conversion
Common Stock
2024-02-07+2,701→ 33,813 total - Award
Stock Appreciation Rights
2024-02-06+31,250→ 31,250 totalExercise: $91.94Exp: 2034-02-05→ Common Stock (31,250 underlying) - Tax Payment
Common Stock
2024-02-07$91.77/sh−826$75,802→ 32,987 total - Award
Common Stock
2024-02-06+6,812→ 33,168 total - Exercise/Conversion
Restricted Stock Units
2024-02-07−2,701→ 5,408 total→ Common Stock (2,701 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 0001942059
Filing Metadata
- Form type
- 4
- Filed
- Feb 7, 7:00 PM ET
- Accepted
- Feb 8, 5:12 PM ET
- Size
- 15.6 KB