Otis (OTIS) Asia Pacific president Lopez details RSU, SAR and stock holdings

Rhea-AI Filing Summary

Otis Worldwide Corp executive Nicolas Eduardo Lopez, President of Otis Asia Pacific, filed an initial ownership report showing his equity-based holdings in the company. The filing lists 4,444 shares of common stock held directly.

He also holds several awards of Restricted Stock Units (RSUs), which each convert into common stock on a one-for-one basis and accrue dividend equivalents. These RSUs total 1,298 units from a grant dated February 3, 2026, 885 units from a February 4, 2025 grant, and 291 units from a February 6, 2024 grant, with various multi‑year vesting schedules.

In addition, Lopez holds Stock Appreciation Rights (SARs), including 3,125 SARs from a February 6, 2024 grant and 682 SARs from a February 7, 2023 grant. Portions of these SARs are already exercisable, while the remaining amounts are scheduled to become exercisable on future anniversaries of their grant dates.

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^*

Lopez Nicolas Eduardo

(Last) (First) (Middle)

1 CARRIER PLACE

(Street)

FARMINGTON CT 06032

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
03/01/2026

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)
	President, Otis Asia Pacific

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	4,444	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
Restricted Stock Units	(2)	(1)	Common Stock	1,298	$0	D
Restricted Stock Units	(3)	(1)	Common Stock	885	$0	D
Restricted Stock Units	(4)	(1)	Common Stock	291	$0	D
Stock Appreciation Rights	(5)	02/05/2034	Common Stock	3,125	$91.94	D
Stock Appreciation Rights	(6)	02/06/2033	Common Stock	682	$83.63	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 3, 2026.

3. 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 4, 2025.

4. These RSUs are scheduled to vest on the third anniversary of the date of grant. The date of grant was February 6, 2024.

5. These Stock Appreciation Rights (SARs) were granted on February 6, 2024. 2,083 SARs became exercisable on the first and second anniversaries of the date of grant. The remaining 1,042 SARs are scheduled to become exercisable on the third anniversary of the date of grant.

6. These SARs were granted on February 7, 2023 and became exercisable on the third anniversary of the date of grant.

Remarks:

Exhibit List: Exhibit 24 - Power of Attorney

	Susan Grady, Attorney-in-Fact	03/02/2026
	** 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What does the Otis (OTIS) Form 3 filing for Nicolas Eduardo Lopez show?

The Form 3 shows Nicolas Eduardo Lopez’s initial ownership in Otis Worldwide, including 4,444 common shares, multiple tranches of restricted stock units, and several grants of stock appreciation rights with specified grant dates and vesting schedules.

How many Otis (OTIS) common shares does Nicolas Eduardo Lopez directly hold?

Nicolas Eduardo Lopez directly holds 4,444 shares of Otis Worldwide common stock. This equity position is in addition to his restricted stock units and stock appreciation rights reported in the same Form 3 insider ownership filing.

What restricted stock units are reported for Nicolas Eduardo Lopez at Otis (OTIS)?

The filing reports three RSU awards: 1,298 units from a February 3, 2026 grant, 885 units from a February 4, 2025 grant, and 291 units from a February 6, 2024 grant, each vesting over multi‑year schedules and converting one-for-one into common stock.

How do the Otis (OTIS) RSUs for Nicolas Eduardo Lopez vest over time?

One RSU grant vests in three substantially equal annual installments beginning one year after February 3, 2026. Another vests in two equal installments on the second and third anniversaries after February 4, 2025, and a third vests on the third anniversary after February 6, 2024.

What stock appreciation rights does Nicolas Eduardo Lopez hold in Otis (OTIS)?

He holds 3,125 SARs granted February 6, 2024, with 2,083 already exercisable on the first and second anniversaries and 1,042 scheduled for the third anniversary, plus 682 SARs granted February 7, 2023, which became exercisable on their third anniversary.

Do the Otis (OTIS) RSUs for Nicolas Eduardo Lopez include dividend equivalents?

Yes. The restricted stock units convert into common stock on a one-for-one basis and carry the right to receive dividend equivalents. These equivalents are credited as additional RSUs, increasing the total units over time as dividends are paid.