Form 4: Otis Worldwide Corp Executive Stephane de Montlivault Reports Stock Transactions

Stephane de Montlivault, President of Otis Asia Pacific, reports the acquisition and disposal of Otis Worldwide Corp stock and derivative securities on February 13, 2025.

Summary

• On February 13, 2025, Stephane de Montlivault, President of Otis Asia Pacific, reported transactions involving Otis Worldwide Corp [OTIS] stock.
• These transactions included the acquisition of 34,958 shares of common stock at $80.97 and 22,064 shares at $63.93.
• De Montlivault also disposed of 29,108 shares at $97.24, 14,531 shares at $97.07, and 25,003 shares at a weighted average price of $97.1392.
• Following these transactions, de Montlivault directly owns 66,968 shares of Otis Worldwide Corp.
• The transactions also involved the exercise of stock appreciation rights (SARs) and subsequent disposal of shares.

Sentiment

Score: 5

Explanation: This is a neutral report of stock transactions by an executive. It doesn't inherently indicate positive or negative sentiment about the company's performance.

Industry Context

This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities. It doesn't necessarily reflect the company's overall performance or future prospects but offers insights into management's perspective on the stock's value.

Stakeholder Impact

• The reported transactions may be of interest to shareholders as they provide insight into the actions of a key executive.
• The transactions have no immediate impact on employees, customers, suppliers, or creditors.

Key Dates