Otis Worldwide (OTIS) EMEA president details stock, RSU and SAR holdings
Rhea-AI Filing Summary
Otis Worldwide Corp executive Lefebure Thibault Pierre Marie, President of Otis EMEA, reported his initial equity holdings in the company. He beneficially owns 4,323 shares of common stock held directly. He also holds several equity awards, including restricted stock units covering 954, 456 and 254 shares of common stock, which vest over multi‑year schedules, and stock appreciation rights on 2,479, 1,608 and 883 shares, with exercise prices of $91.94, $83.63 and $81.85, respectively, that become exercisable over time according to their grant terms.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Stock Appreciation Rights | -- | -- | -- |
| holding | Stock Appreciation Rights | -- | -- | -- |
| holding | Stock Appreciation Rights | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (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. 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 4, 2025. 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 6, 2024. These RSUs are scheduled to vest on the third anniversary of the date of grant. The date of grant was February 7, 2023. These Stock Appreciation Rights (SARs) were granted on February 6, 2024. 826 SARs became exercisable on the first anniversary of the date of grant and the remaining 1,653 SARs are scheduled to become exercisable in two substantially equal annual installments on the second and third anniversaries of the date of grant. These SARs were granted on February 7, 2023. 804 SARs became exercisable on the first and second anniversaries of the date of grant. The remaining 804 SARs are scheduled to become exercisable on the third anniversary of the date of grant. These SARs were granted on February 3, 2022 and became fully exercisable on the third anniversary of the date of grant.
FAQ
What insider position does Lefebure Thibault Pierre Marie hold at Otis (OTIS)?
Lefebure Thibault Pierre Marie is an officer of Otis Worldwide Corp, serving as President, Otis EMEA, as indicated in the filing.
What restricted stock units are reported in this Otis (OTIS) Form 3?
The executive reports restricted stock units that convert one-for-one into Otis common stock, including awards covering 954, 456 and 254 shares, each with specified multi-year vesting schedules.
What stock appreciation rights does the Otis (OTIS) executive hold?
He holds stock appreciation rights linked to Otis common stock on 2,479 shares at $91.94, 1,608 shares at $83.63, and 883 shares at $81.85, with exercisability set by their grant terms.
Do the Otis (OTIS) restricted stock units include dividend equivalents?
Yes. The filing states that the restricted stock units convert into common stock on a one-for-one basis and include the right to receive dividend equivalents credited as additional RSUs.
Are the Otis (OTIS) stock appreciation rights already exercisable?
The filing explains that some stock appreciation rights have already become exercisable on prior anniversaries of their grant dates, while remaining portions are scheduled to become exercisable on later anniversaries or are already fully exercisable, depending on the specific grant.