Form 4: Otis Worldwide Corp Executive Michael Patrick Ryan Reports Stock Transactions
SEC Form 4
SVP, CAO & Controller Michael Patrick Ryan reports transactions involving Otis Worldwide Corp stock, including acquisitions and disposals, on November 8, 2024.
Summary
- On November 8, 2024, Michael Patrick Ryan, SVP, CAO & Controller of Otis Worldwide Corp, reported transactions involving the company's common stock and stock appreciation rights.
- Ryan acquired 1,617 shares of common stock at $58.66, 4,535 shares at $67.83, and 9,463 shares at $63.92 through the exercise of stock appreciation rights.
- He also disposed of 9,977 shares for $100.95 and 5,638 shares for $100.9505.
- Following these transactions, Ryan directly owns 756 shares of common stock and 10,000 stock appreciation rights.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it simply reports stock transactions. It doesn't inherently indicate positive or negative sentiment about the company's future.
Industry Context
Executive stock transactions are routinely monitored as they can provide insights into an executive's perspective on the company's current valuation and future prospects. However, these transactions can also be part of a pre-arranged trading plan.
Key Dates
| Date | Description |
|---|---|
| 01/03/2020 | Date exercisable for 1,617 Stock Appreciation Rights |
| 01/02/2021 | Date exercisable for 4,535 Stock Appreciation Rights |
| 02/05/2022 | Date exercisable for 9,463 Stock Appreciation Rights |
| 01/02/2027 | Expiration date for 1,617 Stock Appreciation Rights |
| 01/01/2028 | Expiration date for 4,535 Stock Appreciation Rights |
| 02/04/2029 | Expiration date for 9,463 Stock Appreciation Rights |
| 11/08/2024 | Date of stock transactions and exercise of stock appreciation rights |
| 11/12/2024 | Date of signature by Attorney-in-Fact |
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