4//SEC Filing
Loh Sally 4
Accession 0001062993-25-001781
CIK 0001781335other
Filed
Feb 4, 7:00 PM ET
Accepted
Feb 5, 8:29 PM ET
Size
10.8 KB
Accession
0001062993-25-001781
Insider Transaction Report
Form 4
Loh Sally
President, Otis China
Transactions
- Award
Common Stock
2025-02-04+1,428→ 29,264 total - Award
Restricted Stock Units
2025-02-04+7,455→ 7,455 total→ Common Stock (7,455 underlying) - Exercise/Conversion
Common Stock
2025-02-03+297→ 27,836 total - Exercise/Conversion
Restricted Stock Units
2025-02-03−297→ 0 total→ Common Stock (297 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]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.
Issuer
Otis Worldwide Corp
CIK 0001781335
Entity typeother
Related Parties
1- filerCIK 0001967969
Filing Metadata
- Form type
- 4
- Filed
- Feb 4, 7:00 PM ET
- Accepted
- Feb 5, 8:29 PM ET
- Size
- 10.8 KB