Otis CFO exercises 2,137 RSUs, withholds 838 shrs

Q: What insider transaction did OTIS EVP & CFO Maria Cristina Mendez Echevarria report?

She exercised 2,137 Restricted Stock Units into common stock of Otis Worldwide Corp on August 23, 2026, and a portion of the resulting shares was delivered or withheld to cover exercise price or tax liability.

Q: How many OTIS RSUs vested and converted into common stock in this Form 4?

A total of 2,137 Restricted Stock Units vested and converted into 2,137 shares of Otis Worldwide Corp common stock on the transaction date, consistent with one installment of a prior RSU grant.

Q: How many OTIS shares were withheld or delivered for exercise price or tax liability?

In connection with the RSU conversion, 838 shares of Otis Worldwide Corp common stock were delivered or withheld at $71.49 per share for payment of exercise price or tax liability.

Q: What is the structure of the OTIS RSU grant referenced in this filing?

The RSUs were granted on August 23, 2024 and vest in three substantially equal annual installments beginning on the first anniversary of the grant date, with the second installment vesting on the transaction date.

Otis Worldwide Corp (OTIS) reported that EVP & CFO Maria Cristina Mendez Echevarria exercised 2,137 Restricted Stock Units into an equal number of shares of common stock on August 23, 2026, from an RSU grant originally awarded on August 23, 2024.

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)How Sentiment works

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

How Sentiment works How the balance works

Form Type

Rhea-AI Filing Summary

Otis Worldwide Corp (OTIS) reported that EVP & CFO Maria Cristina Mendez Echevarria exercised 2,137 Restricted Stock Units into an equal number of shares of common stock on August 23, 2026, from an RSU grant originally awarded on August 23, 2024.

Of the shares received, 838 shares of common stock were delivered or withheld at $71.49 per share for payment of exercise price or tax liability, with the remainder retained as directly owned common stock. Following the RSU exercise, she continued to hold 2,145 RSUs directly.

Insider Trade Summary

2,137 shares exercised/converted

Exercise 3 txns

Insider Mendez Echevarria Maria Cristina

Role EVP & CFO

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units ^{F1, F2}	2,137	$0.00	$0.00
Exercise	Common Stock ^F1	2,137	--	--
Exercise Price or Tax Liability	Common Stock	838	$71.49	$60K

Holdings After Transaction: Restricted Stock Units — 2,145 contracts (Direct); Common Stock — 10,556 shares (Direct)

Footnotes (2)

F1. 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.
F2. On August 23, 2024, the reporting person was granted RSUs vesting in three substantially equal annual installments beginning on the first anniversary of the grant date. The second installment vested on the Transaction Date.

Key Figures

RSUs exercised: 2,137 Restricted Stock Units Common shares received from RSUs: 2,137 shares of Common Stock Shares delivered or withheld: 838 shares of Common Stock +3 more

6 metrics

RSUs exercised 2,137 Restricted Stock Units Converted into common stock on August 23, 2026

Common shares received from RSUs 2,137 shares of Common Stock Underlying shares from RSU conversion on August 23, 2026

Shares delivered or withheld 838 shares of Common Stock Used for payment of exercise price or tax liability

Per-share value for tax/exercise $71.49 per share Applied to 838 shares delivered or withheld

RSUs held after transaction 2,145 Restricted Stock Units Directly owned RSUs following the reported exercise

RSU grant date August 23, 2024 RSUs vest in three substantially equal annual installments

Key Terms

Restricted Stock Units, dividend equivalents, substantially equal annual installments, Payment of exercise price or tax liability

4 terms

Restricted Stock Units financial

"Restricted stock units (RSUs) convert into common stock on a one-for-one basis"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

dividend equivalents financial

"RSUs include the right to receive dividend equivalents that are credited"

Payments tied to employee or contractor equity awards that mirror the cash dividends paid on the company’s stock; they give the holder the same economic benefit as owning the shares without transferring actual shares—often paid in cash or additional award units when the award becomes payable. Investors care because these payments affect a company’s compensation costs, cash flow and potential share dilution, and they signal how management is being rewarded and aligned with shareholders.

substantially equal annual installments financial

"RSUs vesting in three substantially equal annual installments"

Payment of exercise price or tax liability financial

"Payment of exercise price or tax liability by delivering or withholding securities"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did OTIS EVP & CFO Maria Cristina Mendez Echevarria report?

She exercised 2,137 Restricted Stock Units into common stock of Otis Worldwide Corp on August 23, 2026, and a portion of the resulting shares was delivered or withheld to cover exercise price or tax liability.

How many OTIS RSUs vested and converted into common stock in this Form 4?

A total of 2,137 Restricted Stock Units vested and converted into 2,137 shares of Otis Worldwide Corp common stock on the transaction date, consistent with one installment of a prior RSU grant.

How many OTIS shares were withheld or delivered for exercise price or tax liability?

In connection with the RSU conversion, 838 shares of Otis Worldwide Corp common stock were delivered or withheld at $71.49 per share for payment of exercise price or tax liability.

What RSU holdings does the OTIS EVP & CFO report after this transaction?

After the reported RSU exercise, Maria Cristina Mendez Echevarria reported holding 2,145 Restricted Stock Units directly, which remain outstanding and are separate from the common shares acquired.

What is the structure of the OTIS RSU grant referenced in this filing?

The RSUs were granted on August 23, 2024 and vest in three substantially equal annual installments beginning on the first anniversary of the grant date, with the second installment vesting on the transaction date.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google

Available on EDGAR 08/25/2026 - 04:29 PM Accepted by SEC EDGAR 08/25/2026 - 04:29 PM

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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^*

Mendez Echevarria Maria Cristina

(Last)

(First)

(Middle)

1 CARRIER PLACE

(Street)

FARMINGTON

CONNECTICUT

06032

(City)

(State)

(Zip)

UNITED STATES

(Country)

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 & CFO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/23/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	08/23/2026		M		2,137	A	⁽¹⁾	11,394	D
Common Stock	08/23/2026		F		838	D	$71.49	10,556	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Units	⁽¹⁾	08/23/2026		M			2,137	⁽²⁾	⁽²⁾	Common Stock	2,137	$0	2,145	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 August 23, 2024, the reporting person was granted RSUs vesting in three substantially equal annual installments beginning on the first anniversary of the grant date. The second installment vested on the Transaction Date.

	Susan Grady, Attorney-in-Fact	08/25/2026
	** 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).
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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR