Otis Worldwide (OTIS) COO awarded RSUs as performance shares vest

Rhea-AI Filing Summary

Otis Worldwide Chief Operating Officer Minarro Viseras Enrique reported several equity compensation events. On February 3, 2026, 15,666 restricted stock units (RSUs) were granted, vesting in three substantially equal annual installments starting one year after the grant date. That same day, 13,525 shares of common stock were acquired upon vesting of previously granted performance share units, after performance over a three-year cycle was certified at the 82% level. To cover tax obligations, 6,357 shares were withheld at a price of $87.16, leaving 29,017 common shares directly owned.

On February 4, 2026, 3,973 RSUs from a 2025 grant vested and converted into the same number of common shares. In connection with that vesting, 1,868 shares were withheld at $90.37 for taxes. After these transactions, the reporting person directly owned 31,122 shares of Otis common stock, along with multiple RSU awards that convert into common shares on a one-for-one basis.

SEC Form 4

FORM 4

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

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Minarro Viseras Enrique

(Last) (First) (Middle)

1 CARRIER PLACE

(Street)

FARMINGTON CT 06032

(City) (State) (Zip)

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

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Operating Officer

3. Date of Earliest Transaction (Month/Day/Year)
02/03/2026

4. 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 Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	02/03/2026		A		13,525(4)	A	(4)	35,374	D
Common Stock	02/03/2026		F		6,357	D	$87.16	29,017	D
Common Stock	02/04/2026		M		3,973	A	(1)	32,990	D
Common Stock	02/04/2026		F		1,868	D	$90.37	31,122	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	(1)	02/03/2026		A		15,666		(2)	(2)	Common Stock	15,666	$0	15,666	D
Restricted Stock Units	(1)	02/04/2026		M			3,973	(3)	(3)	Common Stock	3,973	$0	7,952	D

Explanation of Responses:

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

2. RSUs vest in three substantially equal annual installments beginning on the first anniversary of the Transaction Date.

3. On February 4, 2025, the reporting person was granted RSUs vesting in three substantially equal annual installments beginning on the first anniversary of the grant date. The first installment vested on the Transaction Date.

4. The acquisition of Otis common stock represents the vesting of performance share units (PSUs) previously awarded on November 1, 2023. Each PSU has a value equal to one share of Otis common stock. These PSUs vested on the Transaction Date upon the achievement of the 3-year cycle preestablished performance targets. The performance criteria were certified to be achieved at the 82% level.

	Susan Grady, Attorney-in-Fact	02/05/2026
	** Signature of Reporting Person	Date
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FAQ

What insider transactions did Otis (OTIS) report for its COO in February 2026?

Otis Worldwide’s COO Minarro Viseras Enrique reported RSU grants, PSU vesting, and tax-related share withholdings on February 3 and 4, 2026, resulting in 31,122 Otis common shares held directly after the reported transactions.

How many restricted stock units were granted to the Otis COO on February 3, 2026?

The Otis COO received 15,666 restricted stock units on February 3, 2026. These RSUs vest in three substantially equal annual installments beginning on the first anniversary of the transaction date, providing staged equity compensation over a multi-year period.

What performance level was achieved for the Otis performance share units that vested in 2026?

The performance share units vested after Otis’ preestablished three-year performance targets were certified as achieved at the 82% level. This vesting on February 3, 2026 resulted in the acquisition of 13,525 shares of Otis common stock by the COO.

Why were Otis shares coded as transaction type F for the COO in this Form 4?

Transactions coded F reflect shares withheld to satisfy tax obligations upon vesting. For the Otis COO, 6,357 shares at $87.16 and 1,868 shares at $90.37 were withheld in February 2026 when equity awards converted into common stock.

How many Otis common shares did the COO hold after the February 4, 2026 transactions?

Following the February 4, 2026 vesting and related tax withholdings, the Otis COO directly owned 31,122 shares of Otis common stock, as reported in the Form 4’s Table I for non-derivative securities beneficially owned.

How do Otis restricted stock units convert into common stock for the COO?

Otis restricted stock units convert into common stock on a one-for-one basis. They also carry rights to dividend equivalents, which are credited as additional RSUs, increasing the number of units that will eventually convert into common shares.