Otis (NYSE: OTIS) EMEA president reports 6,714 RSUs and PSU share vesting

Rhea-AI Filing Summary

Otis Worldwide executive Thibault Lefebure, President Otis EMEA, reported several equity-related transactions. On February 3, 2026, he acquired 1,216 shares of common stock through vesting of previously granted performance share units, after performance for a three-year cycle was certified at 82%. The same day he was granted 6,714 restricted stock units (RSUs), which vest in three substantially equal annual installments beginning on the first anniversary of the grant date. Also on February 3, 499 shares of common stock were withheld at $87.16 per share to cover tax obligations. On February 4, 2026, 315 RSUs from a prior award converted into 315 shares of common stock, leaving him with 5,355 common shares and 639 RSUs directly owned following the reported transactions.

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^*

Lefebure Thibault Pierre Marie

(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)
	President, Otis EMEA

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		1,216(4)	A	(4)	5,539	D
Common Stock	02/03/2026		F		499	D	$87.16	5,040	D
Common Stock	02/04/2026		M		315	A	(1)	5,355	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		6,714		(2)	(2)	Common Stock	6,714	$0	6,714	D
Restricted Stock Units	(1)	02/04/2026		M			315	(3)	(3)	Common Stock	315	$0	639	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.
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FAQ

What insider transactions did Otis (OTIS) executive Thibault Lefebure report?

Thibault Lefebure reported equity awards and vesting transactions. He gained 1,216 Otis common shares from performance share vesting, received 6,714 new RSUs, had 499 shares withheld for taxes, and saw 315 RSUs convert into common stock, ending with 5,355 directly held shares and 639 RSUs.

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

Lefebure received 6,714 new restricted stock units (RSUs). These RSUs vest in three substantially equal annual installments beginning on the first anniversary of the February 3, 2026 transaction date, increasing his long-term equity-based compensation tied to Otis common stock performance and continued service.

What performance level triggered the Otis (OTIS) performance share vesting?

The performance share units vested at an 82% achievement level. These units, granted on February 7, 2023, converted into 1,216 Otis common shares after three-year performance targets for the cycle were certified as achieved at 82%, aligning executive rewards with multi-year performance outcomes.

Why were 499 Otis (OTIS) shares reported with transaction code F?

The 499 Otis shares reflect tax withholding on vested equity. Transaction code F indicates shares were surrendered at $87.16 per share to satisfy tax obligations associated with the vesting of equity awards, rather than an open-market sale initiated for portfolio or liquidity reasons.

How many Otis (OTIS) shares and RSUs does the executive hold after these transactions?

After the reported transactions, Lefebure directly holds 5,355 shares. He also holds 639 restricted stock units, which can convert one-for-one into Otis common shares in the future, subject to their vesting schedules and the terms of the original award agreements.

How do the Otis (OTIS) RSUs granted on February 3, 2026 vest over time?

The 6,714 RSUs vest in three substantially equal annual installments. Vesting starts on the first anniversary of the February 3, 2026 transaction date, meaning portions of the award convert to common shares each year, supporting long-term retention and alignment with shareholder interests.