Otis Worldwide Corp Officer Joseph Armas Files Form 144 to Sell 260 Shares
Otis Worldwide Corp
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Filing Summary
📋 Form 144 Notice of Proposed Sale of Securities Issuer: Otis Worldwide Corp ($OTIS) Insider: Joseph Armas (Officer) Shares to Sell: 260 Estimated Value: $19,973.20 (~$76.82/share) Approx. Date of Sale: November 3, 2026 Broker: Goldman Sachs & Co. LLC
Comprehensive Analysis
Executive Summary
On November 3, 2026, Joseph Armas, an Officer at Otis Worldwide Corp ($OTIS), filed a Form 144 notice disclosing an intention to sell 260 shares of common stock through Goldman Sachs & Co. LLC. The aggregate market value of the proposed transaction is approximately $19,973.20, representing an estimated price of $76.82 per share.
Transaction Details
- Security: Common Stock
- Proposed Sale Date: November 3, 2026
- Number of Shares: 260
- Aggregate Market Value: $19,973.20
- Shares Outstanding: 380,710,513
- Nature of Acquisition: All 260 shares were acquired from the issuer as equity compensation via vested Restricted Stock Units (RSUs) across various grant dates between February 2024 and March 2025.
Market Impact & Significance
The proposed sale carries Low trading significance given the minimal transaction size of 260 shares ($19.97K), which constitutes a negligible fraction of Otis Worldwide Corp's 380.7 million outstanding shares. It appears to represent routine equity compensation monetization rather than a strategic position shift.
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Important Disclaimer
This content is drawn from public SEC filings and may contain errors. It is for informational purposes only and is not investment, legal, or tax advice.
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