Otis Worldwide (OTIS) Form 3 Otis Worldwide / Echevarria Maria Cristina Mendez ownership change

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Mendez Echevarria Maria Cristina

(Last) (First) (Middle)

1 CARRIER PLACE

(Street)

FARMINGTON CT 06032

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
08/23/2024

3. Issuer Name and Ticker or Trading Symbol
Otis Worldwide Corp [ OTIS ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
EVP & CFO

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	1,377	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
RSUs(1)	(2)	(1)	Common Stock	890	0	D
RSUs(1)	(3)	(1)	Common Stock	4,323	0	D
RSUs(1)	(4)	(1)	Common Stock	652	0	D
RSUs(1)	(5)	(1)	Common Stock	831	0	D
RSUs(1)	(6)	(1)	Common Stock	290	0	D
SARs	(7)	02/05/2034	Common Stock	3,341	91.94	D
SARs	(8)	02/06/2033	Common Stock	3,251	83.63	D
SARs	(9)	02/02/2032	Common Stock	3,311	81.85	D

Explanation of Responses:

1. Restricted Stock Units (RSUs) convert into common stock on a one-for-one basis and include the right to receive dividend equivalents that are credited as additional RSUs.

2. These RSUs are scheduled to vest in three substantially equal annual installments beginning on the first anniversary of the date of grant. The date of grant was February 6, 2024.

3. 25% of these RSUs are scheduled to vest on October 2, 2025 and the remaining 75% are scheduled to vest on October 2, 2027.

4. These RSUs are scheduled to vest in two substantially equal annual installments on the second and third anniversaries of the date of grant. The date of grant was February 7, 2023.

5. These RSUs are scheduled to vest on the third anniversary of the date of grant. The date of grant was March 1, 2022.

6. These RSUs are scheduled to vest on the third anniversary of the date of grant. The date of grant was February 3, 2022.

7. These Stock Appreciation Rights (SARs) were granted on February 6, 2024. They are scheduled to become exercisable in three substantially equal annual installments beginning on the first anniversary of the date of grant.

8. These SARs were granted on February 7, 2023. 1,083 SARs became exercisable on the first anniversary of the date of grant and the remainder are scheduled to become exercisable in two substantially equal annual installments on the second and third anniversaries of the date of grant.

9. These SARs were granted on February 3, 2022. 1,104 SARs are scheduled to become exercisable on the third anniversary of the date of grant. A total of 2,207 SARs became exercisable on the first and second anniversaries of the date of grant.

	Joshua Mullin, Attorney-in-fact	08/27/2024
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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