4//SEC Filing
Marks Judith Fran 4
Accession 0001062993-24-014099
CIK 0001781335other
Filed
Jul 24, 8:00 PM ET
Accepted
Jul 25, 6:52 PM ET
Size
5.9 KB
Accession
0001062993-24-014099
Insider Transaction Report
Form 4
Marks Judith Fran
DirectorChair, CEO and President
Transactions
- Award
Restricted Stock Units
2024-07-23+102,691→ 102,691 total→ Common Stock (102,691 underlying)
Footnotes (2)
- [F1]Restricted stock units (RSUs) convert into common stock on a one-for-one basis and include the right to receive dividend equivalents that are credited as additional RSUs. In addition to these RSUs, the reporting person was also awarded 154,036 performance share units (PSUs) on the Transaction Date. These PSUs are eligible to vest on the third anniversary of the Transaction Date based on the Issuer's achievement over the 2024-2026 performance period of cumulative adjusted earnings per share (60% weighting) and average organic sales growth (40% weighting) results. The PSUs also include a relative TSR multiplier (+/- 20% adjustment to shares delivered). Shares delivered for PSUs will be reported on a Form 4 upon vesting.
- [F2]Eligible to vest in full on the third anniversary of the Transaction Date.
Issuer
Otis Worldwide Corp
CIK 0001781335
Entity typeother
Related Parties
1- filerCIK 0001665490
Filing Metadata
- Form type
- 4
- Filed
- Jul 24, 8:00 PM ET
- Accepted
- Jul 25, 6:52 PM ET
- Size
- 5.9 KB