Form 4: Otis Worldwide Corp Executive Embree Tracy A Reports Stock Transactions
SEC Form 4 Filing
Tracy A. Embree, President of Otis Americas, reports the vesting of restricted stock units and subsequent sale of shares to cover tax obligations.
Summary
- On February 6, 2025, Tracy A. Embree, President of Otis Americas, reported transactions involving Otis Worldwide Corp stock.
- Embree vested 2,411 restricted stock units (RSUs) which converted into common stock on a one-for-one basis.
- Simultaneously, 655 shares were disposed of at a price of $96.05 to satisfy tax obligations related to the RSU vesting.
- Following these transactions, Embree directly owns 18,276 shares of Otis Worldwide Corp common stock and 4,828 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, which are common for executives receiving stock-based compensation. It provides transparency into the trading activities of company insiders.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they represent a small portion of the overall outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 02/06/2024 | Reporting person was granted RSUs vesting in three substantially equal annual installments beginning on the first anniversary of the grant date. |
| 02/06/2025 | Date of earliest transaction: Vesting of restricted stock units and sale of shares for tax obligations. |
| 02/10/2025 | Date of signature by Attorney-in-Fact. |
Keywords
Form 4, Insider Trading, Stock Transaction, Restricted Stock Units, OTIS, Otis Worldwide Corp, Embree Tracy A
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