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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Otis Worldwide Corporation | NYSE:OTIS | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
-0.82 | -0.88% | 92.20 | 93.69 | 92.12 | 93.00 | 2,314,121 | 01:00:00 |
Delaware
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001-39221
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83-3789412
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(State or other jurisdiction of incorporation)
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(Commission File Number)
|
(I.R.S. Employer Identification No.)
|
☐
|
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
|
☐
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
|
☐
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
|
☐
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Title of each class
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Trading
Symbol(s)
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Name of each exchange on which
registered
|
||
Common Stock ($0.01 par value)
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OTIS
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New York Stock Exchange
|
Item 5.02
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Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
|
|
• |
a lump sum payment equal to one times (one and one-half times for the Company’s Chief Executive Officer) the sum of the executive’s annual base salary and target annual bonus;
|
|
• |
a pro-rated bonus for the year of termination, such bonus to be paid after the completion of the year based on actual performance, but assuming target performance for any individual performance
goals;
|
|
• |
continued healthcare benefits for the executive (and eligible dependents) for up to 12 months at no cost; and
|
|
• |
outplacement services for up to 12 months.
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Item 9.01.
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Financial Statements and Exhibits.
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Exhibit Number
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Exhibit Description
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Otis Worldwide Corporation Executive Leadership Group Severance Plan
|
|
104
|
Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document.
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OTIS WORLDWIDE CORPORATION
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||
(Registrant)
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||
Date: September 18, 2020
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By:
|
/s/ Nora E. LaFreniere
|
Nora E. LaFreniere
Executive Vice President, Chief General Counsel & Secretary
|
1 Year Otis Worldwide Chart |
1 Month Otis Worldwide Chart |
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