Form 4: Otis Worldwide Corp: Executive Peiming Zheng Reports Stock Transactions
SEC Form 4 Filing
EVP Peiming Zheng reports acquisition and disposal of Otis Worldwide Corp stock on January 31, 2025.
Summary
- On January 31, 2025, Peiming Zheng, EVP, Chief Product, Delivery of Otis Worldwide Corp, engaged in multiple transactions involving the company's common stock.
- Zheng acquired 51,965 shares of common stock at a price of $63.92.
- Zheng disposed of 34,672 shares.
- Zheng sold 17,293 shares at a weighted average price of $95.7351, with prices ranging from $95.72 to $95.80.
- An additional 15,401 shares were sold at a weighted average price of $95.0795, with prices ranging from $95.04 to $95.195.
- Following these transactions, Zheng directly owns 169 shares.
- Zheng also disposed of 51,965 stock appreciation rights with an exercise price of $63.92.
- After the reported transactions, Zheng beneficially owns 0 derivative securities.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Industry Context
This 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, which can be of interest to investors.
Stakeholder Impact
- Shareholders may be interested in the trading activity of company executives as an indicator of their confidence in the company's prospects.
Key Dates
| Date | Description |
|---|---|
| 02/05/2022 | Date exercisable for Stock Appreciation Right |
| 01/31/2025 | Date of earliest transaction (acquisition and disposal of shares and derivative securities) |
| 02/04/2025 | Date of signature for the report |
| 02/04/2029 | Expiration date for Stock Appreciation Right |
Keywords
Form 4, Beneficial Ownership, Stock Transactions, Otis Worldwide Corp, Peiming Zheng, Executive Compensation, Insider Trading
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