0001062993-24-000641.txt : 20240108 0001062993-24-000641.hdr.sgml : 20240108 20240108180320 ACCESSION NUMBER: 0001062993-24-000641 CONFORMED SUBMISSION TYPE: 3 PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20240101 FILED AS OF DATE: 20240108 DATE AS OF CHANGE: 20240108 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Green Neil CENTRAL INDEX KEY: 0001875993 ORGANIZATION NAME: FILING VALUES: FORM TYPE: 3 SEC ACT: 1934 Act SEC FILE NUMBER: 001-39221 FILM NUMBER: 24521293 MAIL ADDRESS: STREET 1: 33587 WALKER ROAD CITY: AVON LAKE STATE: OH ZIP: 44012 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Otis Worldwide Corp CENTRAL INDEX KEY: 0001781335 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRONIC & OTHER ELECTRICAL EQUIPMENT (NO COMPUTER EQUIP) [3600] ORGANIZATION NAME: 04 Manufacturing 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 3 1 form3.xml INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES X0206 3 2024-01-01 0 0001781335 Otis Worldwide Corp OTIS 0001875993 Green Neil 1 CARRIER PLACE FARMINGTON CT 06032 0 1 0 0 EVP and Chief Digital Officer Restricted Stock Units (RSUs) 0 Common Stock 1746 D Restricted Stock Units (RSUs) 0 Common Stock 1147 D Restricted Stock Units (RSUs) 0 Common Stock 647 D Stock Appreciation 83.63 2033-02-06 Common Stock 5873 D Stock Appreciation Rights 81.85 2032-02-02 Common Stock 6741 D Stock Appreciation Rights 63.93 2031-02-04 Common Stock 6647 D Stock Appreciation Rights 80.97 2030-02-03 Common Stock 16628 D SRP Stock Unit Common Stock 42.855 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. These RSUs are scheduled to vest in three substantially equal annual installments beginning on the first anniversary of the date of grant. The date of grant was February 7, 2023. These RSUs are scheduled to vest in two substantially equal annual installments on the second and third anniversaries of the date of grant. The date of grant was February 3, 2022. These RSUs are scheduled to vest on the third anniversary of the date of grant. The date of grant was February 5, 2021. These stock appreciation rights (SARs) were granted on February 7, 2023. They are scheduled to become exercisable in three substantially equal annual installments beginning on the first anniversary of the date of grant. These SARs were granted on February 3, 2022. 2,247 shares became exercisable on the first anniversary of the date of grant and the remainder are scheduled to become exercisable in two substantially equal annual installments on the second and third anniversaries of the date of grant. These SARs were granted on February 5, 2021. 2,716 shares are scheduled to become exercisable on the third anniversary of the date of grant. A total of 5,431 shares became exercisable on the first and second anniversaries of the date of grant, which the reporting person previously exercised a portion. These SARs were granted on February 4, 2020. They became fully exercisable on the third anniversary of the date of grant. Each Savings Restoration Plan ("SRP") stock unit is the economic equivalent of one share of Otis common stock. The SRP is an excess benefit plan. No new allocations can be made in SRP stock units under the plan but the SRP stock units accrue dividend equivalents. The SRP stock units will be settled in cash upon the reporting person's retirement or other termination of service. Caroline Coursant, Attorney-in-Fact 2024-01-08 EX-24.1 2 exhibit24-1.txt POWER OF ATTORNEY Power of Attorney Know all by these presents, that the undersigned hereby makes, constitutes and appoints each of Nora LaFreniere, Toby Smith, Joshua Mullin, Debra Guss and Caroline Coursant, or either of them acting singly, and with full power of substitution and re-substitution, the undersigned's true and lawful attorney in fact (each of such persons and their substitutes being referred to herein as the "Attorney-in-Fact"), with full power to act for the undersigned and in the undersigned's name, place and stead, in any and all capacities, to: 1. Prepare, execute, and submit to the Securities and Exchange Commission ("SEC") a Form ID, including amendments thereto, and any other documents necessary or appropriate to obtain codes and passwords enabling the undersigned to make electronic filings with the SEC of reports required or considered by the Attorney-in-Fact to be advisable under Section 13 or Section 16 of the Securities Exchange Act of 1934 (the "Exchange Act") or any rule or regulation of the SEC; 2. Prepare, execute and submit to the SEC, Otis Worldwide Corporation (the "Company"), and/or any national securities exchange on which the Company's securities are listed any and all reports (including any amendments thereto) the undersigned is required to file with the SEC, or which the Attorney-in-Fact considers it advisable to file with the SEC, under Section 13 or Section 16 of the Exchange Act or any rule or regulation thereunder, or under Rule 144 under the Securities Act of 1933 ("Rule 144"), with respect to the any security of the Company, including Forms 3, 4 and 5, Schedules 13D and 13G, and Forms 144; and 3. Obtain, as the undersigned's representative and on the undersigned's behalf, information regarding transactions in the Company's equity securities from any third party, including the Company and any brokers, dealers, employee benefit plan administrators and trustees, and the undersigned hereby authorizes any such third party to release any such information to the Attorney-in-Fact. The undersigned acknowledges that: a) This Power of Attorney authorizes, but does not require, the Attorney-in-Fact to act in his or her discretion on information provided to such Attorney-in-Fact without independent verification of such information; b) Any documents prepared or executed by the Attorney-in-Fact on behalf of the undersigned pursuant to this Power of Attorney will be in such form and will contain such information as the Attorney-in-Fact, in his or her discretion, deems necessary or desirable; c) Neither the Company nor the Attorney-in-Fact assumes any liability for the undersigned's responsibility to comply with the requirements of Section 13 or Section 16 of the Exchange Act or Rule 144, any liability of the undersigned for any failure to comply with such requirements, or any liability of the undersigned for disgorgement of profits under Section 16(b) of the Exchange Act; and d) This Power of Attorney does not relieve the undersigned from responsibility for compliance with the undersigned's obligations under Section 13 or Section 16 of the Exchange Act, including, without limitation, the reporting requirements under Section 13 or Section 16 of the Exchange Act. The undersigned hereby grants to the Attorney-in-Fact full power and authority to do and perform each and every act and thing requisite, necessary or advisable to be done in connection with the foregoing, as fully, to all intents and purposes, as the undersigned might or could do in person, hereby ratifying and confirming all that the Attorney-in-Fact, or his or her substitute or substitutes, shall lawfully do or cause to be done by authority of this Power of Attorney. This Power of Attorney shall remain in full force and effect until the undersigned is no longer required to file Forms 4 or 5 or Schedules 13D or 13G or Forms 144 with respect to the undersigned's holdings of and transactions in securities of the Company unless earlier revoked by the undersigned in a signed writing delivered to the Attorney-in-Fact. This Power of Attorney revokes all previous powers of attorney with respect to the subject matter of this Power of Attorney. IN WITNESS WHEREOF, the undersigned has executed this Power of Attorney as of January 4, 2024. Signed: /s/ Neil Green Neil Green