0001062993-24-014099.txt : 20240725 0001062993-24-014099.hdr.sgml : 20240725 20240725185229 ACCESSION NUMBER: 0001062993-24-014099 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20240723 FILED AS OF DATE: 20240725 DATE AS OF CHANGE: 20240725 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: 241143216 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 2024-07-23 0001781335 Otis Worldwide Corp OTIS 0001665490 Marks Judith Fran 1 CARRIER PLACE FARMINGTON CT 06032 1 1 0 0 Chair, CEO & President 0 Restricted Stock Units 2024-07-23 4 A 0 102691 0 A Common Stock 102691 102691 D Restricted stock units (RSUs) convert into common stock on a one-for-one basis and include the right to receive dividend equivalents that are credited as additional RSUs. In addition to these RSUs, the reporting person was also awarded 154,036 performance share units (PSUs) on the Transaction Date. These PSUs are eligible to vest on the third anniversary of the Transaction Date based on the Issuer's achievement over the 2024-2026 performance period of cumulative adjusted earnings per share (60% weighting) and average organic sales growth (40% weighting) results. The PSUs also include a relative TSR multiplier (+/- 20% adjustment to shares delivered). Shares delivered for PSUs will be reported on a Form 4 upon vesting. Eligible to vest in full on the third anniversary of the Transaction Date. Joshua Mullin, Attorney-in-Fact 2024-07-25