4//SEC Filing
Green Neil 4
Accession 0001062993-25-001777
CIK 0001781335other
Filed
Feb 4, 7:00 PM ET
Accepted
Feb 5, 8:27 PM ET
Size
13.8 KB
Accession
0001062993-25-001777
Insider Transaction Report
Form 4
Green Neil
EVP and Chief Digital Officer
Transactions
- Exercise/Conversion
Common Stock
2025-02-03+587→ 7,161 total - Tax Payment
Common Stock
2025-02-03$94.55/sh−211$19,950→ 6,950 total - Award
Common Stock
2025-02-04+2,856→ 9,806 total - Tax Payment
Common Stock
2025-02-04$94.43/sh−913$86,215→ 8,893 total - Exercise/Conversion
Restricted Stock Units
2025-02-03−587→ 0 total→ Common Stock (587 underlying) - Award
Restricted Stock Units
2025-02-04+3,408→ 3,408 total→ Common Stock (3,408 underlying)
Footnotes (5)
- [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]On February 3, 2022, the reporting person was granted RSUs vesting in three substantially equal annual installments beginning on the first anniversary of the grant date. The last installment vested on the Transaction Date.
- [F3]RSUs vest in three substantially equal annual installments beginning on the first anniversary of the Transaction Date.
- [F4]The acquisition of Otis common stock represents the vesting of performance share units (PSUs) previously awarded on February 3, 2022. 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 82% level.
- [F5]Includes shares acquired as reinvestment of dividends in March 2024 in accordance with the Otis DRIP.
Issuer
Otis Worldwide Corp
CIK 0001781335
Entity typeother
Related Parties
1- filerCIK 0001875993
Filing Metadata
- Form type
- 4
- Filed
- Feb 4, 7:00 PM ET
- Accepted
- Feb 5, 8:27 PM ET
- Size
- 13.8 KB