Otis (OTIS) SVP Ryan Michael Patrick details RSU grants, PSU vesting and tax withholdings

Rhea-AI Filing Summary

Otis Worldwide senior vice president, chief accounting officer and controller Ryan Michael Patrick reported multiple equity-related transactions in early February 2026. On February 3, 2026, 1,850 shares of common stock were acquired from performance share units that vested at an 82% performance level, while 668 shares were withheld at a price of $87.16 for tax obligations. He also received 1,657 new restricted stock units that vest in three substantially equal annual installments.

On February 4, 2026, 532 restricted stock units were converted into common stock at no cost, and 167 of those shares were withheld at $90.37 to cover taxes. After these transactions, he directly held 4,195 shares of common stock and 1,073 restricted stock units, plus the new 1,657-unit RSU grant.

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^*

Ryan Michael Patrick

(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)
	SVP, CAO & Controller

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		1,850(4)	A	(4)	4,498	D
Common Stock	02/03/2026		F		668	D	$87.16	3,830	D
Common Stock	02/04/2026		M		532	A	(1)	4,362	D
Common Stock	02/04/2026		F		167	D	$90.37	4,195	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		1,657		(2)	(2)	Common Stock	1,657	$0	1,657	D
Restricted Stock Units	(1)	02/04/2026		M			532	(3)	(3)	Common Stock	532	$0	1,073	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 February 7, 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
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 4 (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).
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FAQ

What insider transactions did Otis (OTIS) executive Ryan Michael Patrick report?

He reported equity compensation activity in early February 2026, including vesting of performance share units into 1,850 common shares, tax withholding sales, and both the grant and vesting of restricted stock units tied to his role at Otis Worldwide.

How many Otis (OTIS) restricted stock units did the executive receive in February 2026?

He received 1,657 new 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, aligning his compensation with longer-term company performance and retention.

What happened with Otis (OTIS) performance share units in this Form 4?

Previously granted performance share units converted into 1,850 shares of Otis common stock on February 3, 2026. The performance criteria for the three-year cycle were certified at the 82% achievement level, triggering vesting and delivery of shares to the reporting executive.

Why were some Otis (OTIS) shares reported with transaction code "F"?

Code "F" indicates shares withheld to cover taxes upon vesting. The executive had 668 shares withheld at $87.16 on February 3, 2026 and 167 shares at $90.37 on February 4, 2026, rather than selling separate shares to satisfy tax obligations.

How many Otis (OTIS) common shares did the executive own after these transactions?

After the reported February 2026 activity, he directly held 4,195 shares of Otis common stock. He also beneficially owned 1,073 restricted stock units remaining from earlier grants, plus a new 1,657-unit RSU award subject to future vesting schedules.

How do Otis (OTIS) restricted stock units in this filing convert into common shares?

The filing states that restricted stock units convert into Otis common stock on a one-for-one basis. RSUs also carry dividend equivalent rights, which are credited as additional RSUs, further linking the executive’s compensation to the company’s share performance over time.