0001062993-24-002098.txt : 20240206 0001062993-24-002098.hdr.sgml : 20240206 20240206165052 ACCESSION NUMBER: 0001062993-24-002098 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20240203 FILED AS OF DATE: 20240206 DATE AS OF CHANGE: 20240206 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Marks Judith Fran CENTRAL INDEX KEY: 0001665490 ORGANIZATION NAME: FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-39221 FILM NUMBER: 24600944 MAIL ADDRESS: STREET 1: C/O HUBBELL INCORPORATED STREET 2: 40 WATERVIEW DRIVE CITY: SHELTON STATE: CT ZIP: 06484 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 4 1 form4.xml STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES X0508 4 2024-02-03 0001781335 Otis Worldwide Corp OTIS 0001665490 Marks Judith Fran 1 CARRIER PLACE FARMINGTON CT 06032 1 1 0 0 Chair, CEO & President 0 Common Stock 2024-02-03 4 M 0 10202 A 122667 D Common Stock 2024-02-03 4 F 0 3107 90.97 D 119560 D Common Stock 2024-02-05 4 M 0 11363 A 130923 D Common Stock 2024-02-05 4 F 0 5141 90.89 D 125782 D Common Stock 22500 I by 2023 GRAT Restricted Stock Units 2024-02-03 4 M 0 10202 0 D Common Stock 10202 10211 D Restricted Stock Units 2024-02-05 4 M 0 11363 0 D Common Stock 11363 0 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. 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 second installment 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 last installment vested on the Transaction Date. On August 10, 2023, the reporting person established a grantor retained annuity trust (GRAT) and contributed 22,500 of shares of the Issuer's common stock to it. The reporting person is the sole trustee and annuitant of the GRAT, which is scheduled to expire in accordance with its terms on August 10, 2025. Joshua Mullin, Attorney-in-Fact 2024-02-06