Form 4: Otis Worldwide Corp Executive Nora E. LaFreniere Reports Stock Transactions
SEC Form 4 Filing
Nora E. LaFreniere, EVP, General Counsel of Otis Worldwide Corp, reports multiple transactions involving common stock and restricted stock units.
Summary
- On February 6, 2025, Nora E. LaFreniere exercised 1,590 Restricted Stock Units (RSUs) which converted into common stock on a one-for-one basis.
- Also on February 6, 2025, 737 shares were disposed of to cover tax obligations at a price of $96.05 per share.
- On February 7, 2025, LaFreniere exercised 1,580 RSUs which converted into common stock.
- On February 7, 2025, 733 shares were disposed of to cover tax obligations at a price of $94.83 per share.
- On February 10, 2025, LaFreniere sold 1,700 shares of common stock at a price of $95.9115 per share.
- Following these transactions, LaFreniere directly owns 24,927 shares of common stock and 1,591 Restricted Stock Units.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions, with no inherent positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure of stock transactions by a company executive, as required by the SEC. It provides transparency into the executive's holdings and trading activities in the company's stock.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership by a company executive.
Key Dates
| Date | Description |
|---|---|
| 02/07/2023 | Date of grant for RSUs vesting in three substantially equal annual installments beginning on the first anniversary of the grant date. |
| 02/06/2024 | Date of grant for RSUs vesting in three substantially equal annual installments beginning on the first anniversary of the grant date. |
| 02/06/2025 | Exercise of 1,590 RSUs and disposal of 737 shares for tax obligations. |
| 02/07/2025 | Exercise of 1,580 RSUs and disposal of 733 shares for tax obligations. |
| 02/10/2025 | Sale of 1,700 shares of common stock. |
Keywords
Form 4, OTIS, Otis Worldwide Corp, Nora E. LaFreniere, Stock Transactions, Restricted Stock Units, Common Stock, Beneficial Ownership
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