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