Filing Details

Accession Number:
0001062993-21-001094
Form Type:
4
Zero Holdings:
No
Publication Time:
2021-02-09 16:37:31
Reporting Period:
2021-02-05
Accepted Time:
2021-02-09 16:37:31
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1781335 Otis Worldwide Corp OTIS Electronic & Other Electrical Equipment (No Computer Equip) (3600) 833789412
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1805849 Patrick Michael Ryan 1 Carrier Place
Farmington CT 06032
Vp, Cao & Controller No Yes No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Disposition 2021-02-05 463 $63.93 0 No 4 S Indirect 401(k) Plan
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Indirect 401(k) Plan
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Restricted Stock Units Acquisiton 2021-02-05 1,250 $0.00 1,250 $0.00
Common Stock Stock Appreciation Rights Acquisiton 2021-02-05 5,516 $63.93 5,516 $63.93
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
1,250 No 4 A Direct
5,516 2031-02-04 No 4 A Direct
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Stock 2,220 Direct
Footnotes
  1. As a result of the spinoff of the issuer by UTC, the reporting person holds Otis shares in our former parent's 401(k) plan. This plan has advised participants that it will mandatorily start to sell the Otis shares held in it on April 3, 2021.
  2. Each Restricted Stock Unit, including dividend equivalents that accrue during the vesting period, represents a contingent right to receive one share of Otis common stock.
  3. The Restricted Stock Units and the Stock Appreciation Rights vest ratably with respect to one-third of the award on each of the first three anniversaries of the date of the grant.