Margaret M Preston V Receives Stock Award at Otis Worldwide Corp (OTIS) — SEC Form 4, May 23, 2022

SEC Form 4 · No Market Transaction
Stock Award

Compensation grant — no market purchase or sale.

Reporting Owner
TXN 2022-05-19 · FILED 2022-05-23
Filing Lag 2 business days within 2-day SEC deadline
Form 4 · Statement of Changes in Beneficial Ownership
Filing Date
2022-05-23
Report Date
2022-05-19
Accession No.
0001062993-22-013285
Accepted At
2022-05-23 20:31 UTC
Reporting Owner
Name Relationship
Margaret M Preston V CIK 0001261238
Director
Margaret M Preston V at Otis Worldwide Corp Full insider history
Bought (12 mo) —
Sold (12 mo) —
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Derivative Securities Transactions
Title Strike Date Type Shares Price Expiration Underlying Ownership
Deferred Stock UnitsF1F1F1 2022-05-19 A - Award/Grant 4,546.08 A $72.59 4,546.08 Common Stock Direct
Footnotes (1)
F1
The reporting person acquired these deferred stock units (DSUs) under the Board of Directors Deferred Stock Unit Plan (the Plan) for service as a non-employee director. The Plan provides for payment of a portion or all of the annual director compensation in DSUs. Upon retirement or termination, the DSUs in the director's account under the Plan are converted into an equal number of shares of common stock that, at the director's previous election, are distributed either in a lump-sum or in installments. DSUs accrue dividend equivalents. Show more
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