Luersman Abbe 4
4 · Otis Worldwide Corp · Filed Feb 5, 2025
Insider Transaction Report
Form 4
Luersman Abbe
EVP & CPO
Transactions
- Exercise/Conversion
Common Stock
2025-02-03+1,302→ 11,294 total - Tax Payment
Common Stock
2025-02-03$94.55/sh−451$42,642→ 10,843 total - Award
Common Stock
2025-02-04+6,374→ 17,217 total - Tax Payment
Common Stock
2025-02-04$94.43/sh−1,899$179,323→ 15,318 total - Exercise/Conversion
Restricted Stock Units
2025-02-03−1,302→ 0 total→ Common Stock (1,302 underlying) - Award
Restricted Stock Units
2025-02-04+6,390→ 6,390 total→ Common Stock (6,390 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.