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