Form 4: Otis Worldwide Corp: EVP & CFO Maria Cristina Mendez Echevarria Reports Stock Transactions
SEC Form 4 Filing
Maria Cristina Mendez Echevarria, EVP & CFO of Otis Worldwide Corp, reports the vesting and conversion of restricted stock units into common stock, along with the disposition of shares to cover tax obligations.
Summary
- On March 1, 2025, Maria Cristina Mendez Echevarria, EVP & CFO of Otis Worldwide Corp, reported transactions involving Otis Worldwide Corp [OTIS] common stock.
- 838 restricted stock units (RSUs) vested and were converted into common stock on a one-for-one basis.
- 328 shares were disposed of at a price of $99.78 to satisfy tax obligations.
- Following these transactions, Ms. Mendez Echevarria directly owns 3,294 shares of Otis Worldwide Corp common stock.
Sentiment
Score: 5
Explanation: This is a neutral report on stock transactions by an executive, with no inherent positive or negative implications for the company's performance.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is a common practice in publicly traded companies. It provides transparency into the executive's holdings and transactions in the company's stock.
Stakeholder Impact
- The transactions have a minimal impact on stakeholders as they represent a small portion of the company's outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 03/01/2022 | Reporting person was granted RSUs vesting in three substantially equal annual installments beginning on the first anniversary of the grant date. |
| 03/01/2025 | Date of the reported transactions: vesting of RSUs and disposition of shares. |
| 03/03/2025 | Date of signature for the report. |
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