0001062993-23-002406.txt : 20230207 0001062993-23-002406.hdr.sgml : 20230207 20230207182454 ACCESSION NUMBER: 0001062993-23-002406 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20230203 FILED AS OF DATE: 20230207 DATE AS OF CHANGE: 20230207 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: 23596501 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: 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 X0306 4 2023-02-03 0001781335 Otis Worldwide Corp OTIS 0001805849 Ryan Michael Patrick 1 CARRIER PLACE FARMINGTON CT 06032 0 1 0 0 VP, CAO & Controller Common Stock 2023-02-03 4 M 0 349 A 349 D Common Stock 2023-02-03 4 F 0 128 84.73 D 221 D Common Stock 2023-02-04 4 M 0 1808 A 2029 D Common Stock 2023-02-04 4 F 0 525 84.73 D 1504 D Common Stock 2023-02-05 4 M 0 433 A 1937 D Common Stock 2023-02-05 4 F 0 126 84.73 D 1811 D Common Stock 2023-02-06 4 M 0 340 59.53 A 2151 D Common Stock 2023-02-06 4 F 0 239 84.47 D 1912 D Common Stock 2023-02-06 4 M 0 1447 60.88 A 3359 D Common Stock 2023-02-06 4 F 0 1042 84.47 D 2317 D Common Stock 2023-02-06 4 M 0 1745 50.58 D 4062 D Common Stock 2023-02-06 4 F 0 1044 84.47 D 3018 D Common Stock 2023-02-06 4 S 0 100 84.52 D 2918 D Common Stock 2023-02-06 4 S 0 1107 84.49 D 1811 D Common Stock 2023-02-06 4 S 0 1811 84.44 D 0 D Restricted Stock Units 2023-02-03 4 M 0 349 0 D Common Stock 349 706 D Restricted Stock Units 2023-02-04 4 M 0 1808 0 D Common Stock 1808 0 D Restricted Stock Units 2023-02-05 4 M 0 433 0 D Common Stock 433 396 D Stock Appreciation Rights 59.53 2023-02-06 4 M 0 340 0 D 2017-01-02 2024-01-01 Common Stock 340 0 D Stock Appreciation Rights 60.88 2023-02-06 4 M 0 1447 0 D 2018-01-02 2025-01-01 Common Stock 1447 0 D Stock Appreciation Rights 50.58 2023-02-06 4 M 0 1745 0 D 2019-01-04 2026-01-03 Common Stock 1745 0 D Restricted Stock Units 2023-02-07 4 A 0 1075 0 A Common Stock 1075 1075 D Stock Appreciation Rights 83.63 2023-02-07 4 A 0 3671 0 A 2033-02-06 Common Stock 3671 3671 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 first installment vested on the Transaction Date. The reporting person was granted RSUs by our former parent on February 4, 2020. These were converted into issuer RSUs that fully 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 second installment vested on the Transaction Date. RSUs and stock appreciation rights vest in three substantially equal annual installments beginning on the first anniversary of the Transaction Date. Joshua Mullin, Attorney-in-Fact 2023-02-07