0001062993-23-002407.txt : 20230207
0001062993-23-002407.hdr.sgml : 20230207
20230207182515
ACCESSION NUMBER: 0001062993-23-002407
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20230203
FILED AS OF DATE: 20230207
DATE AS OF CHANGE: 20230207
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: de Montlivault Stephane
CENTRAL INDEX KEY: 0001807059
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-39221
FILM NUMBER: 23596502
MAIL ADDRESS:
STREET 1: ONE CARRIER PLACE
CITY: FARMINGTON
STATE: CT
ZIP: 06032
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Otis Worldwide Corp
CENTRAL INDEX KEY: 0001781335
STANDARD INDUSTRIAL CLASSIFICATION: ELECTRONIC & OTHER ELECTRICAL EQUIPMENT (NO COMPUTER EQUIP) [3600]
IRS NUMBER: 833789412
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: ONE CARRIER PLACE
CITY: FARMINGTON
STATE: CT
ZIP: 06032
BUSINESS PHONE: 8606743000
MAIL ADDRESS:
STREET 1: ONE CARRIER PLACE
CITY: FARMINGTON
STATE: CT
ZIP: 06032
4
1
form4.xml
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
X0306
4
2023-02-03
0001781335
Otis Worldwide Corp
OTIS
0001807059
de Montlivault Stephane
1 CARRIER PLACE
FARMINGTON
CT
06032
0
1
0
0
President, Otis Asia Pac
Common Stock
2023-02-03
4
M
0
1353
A
24156
D
Common Stock
2023-02-04
4
M
0
6503
A
30659
D
Common Stock
2023-02-05
4
M
0
1707
A
32366
D
Common Stock
2023-02-03
4
M
0
3319
60.88
A
35685
D
Common Stock
2023-02-03
4
F
0
2397
84.29
D
33288
D
Common Stock
2023-02-03
4
M
0
5618
50.58
A
38906
D
Common Stock
2023-02-03
4
F
0
3371
84.29
D
35535
D
Common Stock
2023-02-03
4
M
0
5362
58.66
A
40897
D
Common Stock
2023-02-03
4
F
0
3731
84.29
D
37166
D
Common Stock
2023-02-03
4
S
0
13
84.34
D
37153
D
Common Stock
2023-02-03
4
S
0
4787
84.32
D
32366
D
Common Stock
2023-02-03
4
S
0
11205
84.23
D
21161
D
Restricted Stock Units
2023-02-03
4
M
0
1353
0
D
Common Stock
1353
2716
D
Stock Appreciation Rights
60.88
2023-02-03
4
M
0
3319
0
D
2018-01-02
2025-01-01
Common Stock
3319
0
D
Stock Appreciation Rights
50.58
2023-02-03
4
M
0
5618
0
D
2019-01-04
2026-01-03
Common Stock
5618
0
D
Stock Appreciation Rights
58.66
2023-02-03
4
M
0
5362
0
D
2020-01-03
2027-01-02
Common Stock
5362
0
D
Restricted Stock Units
2023-02-04
4
M
0
6503
0
D
Common Stock
6503
0
D
Restricted Stock Units
2023-02-05
4
M
0
1707
0
D
Common Stock
1707
1714
D
Restricted Stock Units
2023-02-07
4
A
0
4607
0
A
Common Stock
4607
4607
D
Stock Appreciation Rights
83.63
2023-02-07
4
A
0
15730
0
A
2033-02-06
Common Stock
15730
15730
D
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.
The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $84.21 to $84.30, inclusive. The reporting person undertakes to provide the registrant, any security holder of the registrant, or the SEC staff, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.
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 first installment vested on the Transaction Date.
The reporting person was granted RSUs by our former parent on February 4, 2020. These were converted into issuer RSUs that fully vested on the Transaction Date.
On February 5, 2021, the reporting person was granted RSUs vesting in three substantially equal annual installments beginning on the first anniversary of the grant date. The second installment vested on the Transaction Date.
RSUs and stock appreciation rights vest in three substantially equal annual installments beginning on the first anniversary of the Transaction Date.
Joshua Mullin, Attorney-in-Fact
2023-02-07