0001062993-20-006001.txt : 20201202
0001062993-20-006001.hdr.sgml : 20201202
20201202173829
ACCESSION NUMBER: 0001062993-20-006001
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20201130
FILED AS OF DATE: 20201202
DATE AS OF CHANGE: 20201202
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Ryan Michael Patrick
CENTRAL INDEX KEY: 0001805849
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-39221
FILM NUMBER: 201364909
MAIL ADDRESS:
STREET 1: 10 FARM SPRINGS ROAD
CITY: FARMINGTON
STATE: CT
ZIP: 06032
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Otis Worldwide Corp
CENTRAL INDEX KEY: 0001781335
STANDARD INDUSTRIAL CLASSIFICATION: ELECTRONIC & OTHER ELECTRICAL EQUIPMENT (NO COMPUTER EQUIP) [3600]
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: 8602184257
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
X0306
4
2020-11-30
0001781335
Otis Worldwide Corp
OTIS
0001805849
Ryan Michael Patrick
1 CARRIER PLACE
FARMINGTON
CT
06032
0
1
0
0
VP, CAO and Controller
Common Stock
2020-11-30
4
M
0
73
66.94
A
361
D
Common Stock
2020-11-30
4
F
0
73
66.94
D
288
D
Common Stock
2020-11-30
4
M
0
59
66.94
A
347
D
Common Stock
2020-11-30
4
F
0
59
66.94
D
288
D
Common Stock
463
I
By UTC 401(k)
Restricted Stock Units
0
2020-11-30
4
M
0
59
0
D
Common Stock
59
1694
D
Restricted Stock Units
0
2020-11-30
4
M
0
73
0
D
Common Stock
73
2106
D
Each restricted stock unit represents a contingent right to receive one share of common stock from the issuer.
The reporting person was originally granted performance stock units by UTC, the former parent company of the issuer. Since the date of the spin-off of the issuer, these performance conditions no longer apply. This transaction reflects a reduction in the RSUs otherwise deliverable upon future vesting in order to satisfy FICA taxes that are due because the reporting person qualifies for retirement treatment under the award.
The reporting person was originally granted restricted stock units by UTC, the former parent company of the issuer. This transaction reflects a reduction in the RSUs otherwise deliverable upon future vesting in order to satisfy FICA taxes that are due because the reporting person qualifies for retirement treatment under the award. These RSUs accrue dividend equivalents.
Joshua Mullin, Attorney-in-Fact
2020-12-02