4//SEC Filing
Luersman Abbe 4
Accession 0001062993-24-002586
CIK 0001781335other
Filed
Feb 7, 7:00 PM ET
Accepted
Feb 8, 5:13 PM ET
Size
15.6 KB
Accession
0001062993-24-002586
Insider Transaction Report
Form 4
Luersman Abbe
EVP & CPO
Transactions
- Tax Payment
Common Stock
2024-02-06$91.94/sh−5,287$486,087→ 12,543 total - Exercise/Conversion
Common Stock
2024-02-07+1,349→ 13,892 total - Tax Payment
Common Stock
2024-02-07$91.77/sh−607$55,704→ 13,285 total - Award
Restricted Stock Units
2024-02-06+4,277→ 4,277 total→ Common Stock (4,277 underlying) - Award
Common Stock
2024-02-06+14,536→ 17,830 total - Award
Stock Appreciation Rights
2024-02-06+16,164→ 16,164 totalExercise: $91.94Exp: 2034-02-05→ Common Stock (16,164 underlying) - Exercise/Conversion
Restricted Stock Units
2024-02-07−1,349→ 2,706 total→ Common Stock (1,349 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 August 1, 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 0001875003
Filing Metadata
- Form type
- 4
- Filed
- Feb 7, 7:00 PM ET
- Accepted
- Feb 8, 5:13 PM ET
- Size
- 15.6 KB