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