Form 4: Otis Worldwide Corp: SVP, CAO & Controller Reports Stock Transactions
SEC Form 4 Filing
Michael Patrick Ryan, SVP, CAO & Controller of Otis Worldwide Corp, reports acquisition and disposal of common stock and restricted stock units.
Summary
- On February 3, 2025, Michael Patrick Ryan exercised restricted stock units (RSUs) converting into 352 shares of common stock.
- Also on February 3, 2025, 103 shares were disposed of at $94.55.
- On February 4, 2025, 1,785 performance share units (PSUs) vested and converted into common stock.
- On February 4, 2025, 636 shares were disposed of at $94.43.
- Additionally, 1,577 RSUs were acquired on February 4, 2025.
- Following these transactions, Ryan directly owns 2,154 shares of common stock and 1,577 RSUs.
Sentiment
Score: 5
Explanation: This is a neutral report on stock transactions. It doesn't inherently indicate positive or negative sentiment about the company's performance.
Industry Context
This Form 4 filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency into the trading activities of key personnel and their holdings in the company.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in insider ownership.
Key Dates
| Date | Description |
|---|---|
| 02/03/2022 | Reporting person was granted RSUs vesting in three substantially equal annual installments beginning on the first anniversary of the grant date and PSUs were previously awarded. |
| 02/03/2025 | Restricted stock units (RSUs) convert into common stock and shares disposed of. |
| 02/04/2025 | Performance share units (PSUs) vested and converted into common stock, shares disposed of, and RSUs were acquired. |
| 02/05/2025 | Date of signature for the Form 4 filing. |
Keywords
Form 4, Beneficial Ownership, Stock Transactions, Restricted Stock Units, Performance Share Units, Insider Trading, OTIS, Otis Worldwide Corp, Ryan Michael Patrick
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