Stewart Shelley JR 4
4 · Otis Worldwide Corp · Filed May 13, 2020
Insider Transaction Report
Form 4
Stewart Shelley JR
Director
Transactions
- Award
Deferred Stock Units
2020-05-11$51.81/sh+3,763.752$195,000→ 3,763.752 total→ Common Stock (3,763.752 underlying)
Footnotes (1)
- [F1]The reporting person acquired these stock units under the Otis Worldwide Corporation Board of Directors Deferred Stock Unit Plan (the Plan) in connection with the reporting person's annual compensation for service as a non-employee director. The Plan provides for payment of a portion or all of the annual compensation in deferred stock units. Upon retirement or termination, the deferred stock units 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.