Otis (NYSE: OTIS) EVP Zheng logs stock awards and share disposals

Rhea-AI Filing Summary

Otis Worldwide EVP Zheng Peiming reported multiple equity award vesting and related share transactions in early February 2026. On February 3, 2026, Zheng acquired 7,931 and 1,539 shares of Otis common stock from vested performance share units, with performance targets certified at 82%, and disposed of 2,556 and 483 shares in transactions coded “F” at $87.16 per share.

On February 4, 2026, 3,250 restricted stock units vested and converted into an equal number of common shares, and 1,507 shares were disposed of in a transaction coded “F” at $90.37 per share. After these transactions, Zheng directly held 20,390 shares of Otis common stock and 6,506 restricted stock units.

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^*

Zheng Peiming

(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)
	EVP, Chief Product, Delivery

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		7,931(3)	A	(3)	20,147	D
Common Stock	02/03/2026		F		2,556	D	$87.16	17,591	D
Common Stock	02/03/2026		A		1,539(4)	A	(4)	19,130	D
Common Stock	02/03/2026		F		483	D	$87.16	18,647	D
Common Stock	02/04/2026		M		3,250	A	(1)	21,897	D
Common Stock	02/04/2026		F		1,507	D	$90.37	20,390	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)	02/04/2026		M			3,250	(2)	(2)	Common Stock	3,250	$0	6,506	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. 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.

3. 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.

4. The acquisition of Otis common stock represents the vesting of performance share units (PSUs) previously awarded on March 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 did Otis (OTIS) executive Zheng Peiming report on this Form 4?

Zheng Peiming reported vesting of stock awards and related share transactions. The filing shows performance share units and restricted stock units converting into Otis common stock, plus several share disposals, all leaving Zheng with 20,390 common shares and 6,506 restricted stock units afterward.

How many Otis common shares did Zheng Peiming acquire and dispose of in February 2026?

Across February 3–4, 2026, Zheng both acquired and disposed of shares. Award vesting generated 7,931 and 1,539 shares on February 3 and 3,250 shares on February 4, while transactions coded “F” disposed of 2,556, 483, and 1,507 shares at stated prices.

What stock award vesting did the Otis EVP report on February 3, 2026?

February 3, 2026 reflected vesting of performance share units (PSUs). Awards granted in 2023 vested after a three-year performance cycle, with criteria certified at an 82% achievement level, resulting in acquisitions of 7,931 and 1,539 Otis common shares.

What restricted stock unit activity did Zheng Peiming disclose for Otis (OTIS)?

Zheng disclosed vesting of 3,250 restricted stock units on February 4, 2026. These RSUs, granted on February 4, 2025 and vesting in three annual installments, converted into an equal number of Otis common shares under a one-for-one structure described in the footnotes.

At what prices were Otis shares disposed of in the reported transactions?

Disposals were reported at two distinct prices. On February 3, 2026, transactions coded “F” involved 2,556 and 483 shares at $87.16 per share. On February 4, 2026, a similar “F” transaction covered 1,507 shares at $90.37 per share.

How many Otis shares and RSUs does Zheng Peiming hold after these transactions?

Following the reported transactions, Zheng holds both common shares and RSUs. The Form 4 shows direct ownership of 20,390 Otis common shares and 6,506 restricted stock units, with RSUs convertible into common stock on a one-for-one basis under the plan terms.