LaFreniere Nora E., EVP, GC, reported a transaction classified as withholding at Otis Worldwide Corp involving 700.000000 shares for an estimated $66185.00. Reported holdings after the transaction were 25736.000000 shares. A 10b5-1 reference was not detected in the stored filing text.
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EVP, General Counsel
Restricted stock units (RSUs) convert into common stock on a one-for-one basis. RSUs include the right to receive dividend equivalents that are credited as additional RSUs.
On February 3, 2022, the reporting person was granted RSUs vesting in three substantially equal annual installments beginning on the first anniversary of the grant date. The last installment vested on…
RSUs vest in three substantially equal annual installments beginning on the first anniversary of the Transaction Date.
The acquisition of Otis common stock represents the vesting of performance share units (PSUs) previously awarded on February 3, 2022. Each PSU has a value equal to one share of Otis common stock. Thes…
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