Black Jeffrey Harry 4
4 · Otis Worldwide Corp · Filed May 17, 2024
Insider Transaction Report
Form 4
Black Jeffrey Harry
Director
Transactions
- Award
Deferred Stock Units
2024-05-16$96.56/sh+2,081.61$201,000→ 14,103.91 total→ Common Stock (2,081.61 underlying)
Footnotes (1)
- [F1]The reporting person acquired these deferred stock units (DSUs) under the Board of Directors Deferred Stock Unit Plan (the Plan) for service as a non-employee director. The Plan provides for payment of a portion or all of the annual director compensation in DSUs. Upon retirement or termination, the DSUs 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. DSUs accrue dividend equivalents.