0001062993-24-002585.txt : 20240208 0001062993-24-002585.hdr.sgml : 20240208 20240208171222 ACCESSION NUMBER: 0001062993-24-002585 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20240206 FILED AS OF DATE: 20240208 DATE AS OF CHANGE: 20240208 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Maheshwari Anurag CENTRAL INDEX KEY: 0001942059 ORGANIZATION NAME: FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-39221 FILM NUMBER: 24610129 MAIL ADDRESS: STREET 1: 1 CARRIER PLACE 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] 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 2024-02-06 0001781335 Otis Worldwide Corp OTIS 0001942059 Maheshwari Anurag 1 CARRIER PLACE FARMINGTON CT 06032 0 1 0 0 EVP & CFO 0 Common Stock 2024-02-06 4 A 0 6812 A 33168 D Common Stock 2024-02-06 4 F 0 2056 91.94 D 31112 D Common Stock 2024-02-07 4 M 0 2701 A 33813 D Common Stock 2024-02-07 4 F 0 826 91.77 D 32987 D Restricted Stock Units 2024-02-06 4 A 0 8268 0 A Common Stock 8268 8268 D Stock Appreciation Rights 91.94 2024-02-06 4 A 0 31250 0 A 2034-02-05 Common Stock 31250 31250 D Restricted Stock Units 2024-02-07 4 M 0 2701 0 D Common Stock 2701 5408 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. RSUs and stock appreciation rights vest in three substantially equal annual installments beginning on the first anniversary of the Transaction Date. On February 7, 2023, 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 acquisition of Otis common stock represents the vesting of performance share units (PSUs) previously awarded on February 5, 2021. Each PSU has a value equal to one share of Otis common stock. These PSUs vested on the Transaction Date upon the achievement of the 3-year cycle preestablished performance targets. The performance criteria were certified to be achieved at the 200% level. Joshua Mullin, Attorney-in-Fact 2024-02-08