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