Otis director granted 4,596 DSUs as board compensation
Otis Worldwide Corp director Margaret M. V. Preston received a grant of 4,596.740 Deferred Stock Units (DSUs) valued at $71.79 per unit for service as a non-employee director.
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Form Type
4
Rhea-AI Filing Summary
Otis Worldwide Corp director Margaret M. V. Preston received a grant of 4,596.740 Deferred Stock Units (DSUs) valued at $71.79 per unit for service as a non-employee director. Under the Board of Directors Deferred Stock Unit Plan, these DSUs convert into an equal number of common shares upon retirement or termination and accrue dividend equivalents. Following this award, Preston holds a total of 25,777.476 DSUs directly.
Insider Trade Summary
Grant/Award: 4,596.74 shares
Grant/Award
1 txn
Insider
PRESTON MARGARET M V
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Stock Units | 4,596.74 | $71.79 | $330K |
Holdings After Transaction:
Deferred Stock Units — 25,777.476 contracts (Direct)
Footnotes (1)
- F1. The reporting person acquired these deferred stock units (DSUs) under the Board of Directors Deferred Stock Unit Plan (the Plan) for service as a non-employee director. The Plan provides for payment of a portion or all of the annual director compensation in DSUs. Upon retirement or termination, the DSUs in the director's account under the Plan are converted into an equal number of shares of common stock that, at the director's previous election, are distributed either in a lump-sum or in installments. DSUs accrue dividend equivalents.
Key Figures
Deferred Stock Units granted: 4,596.740 units
Reference value per DSU: $71.79 per unit
Total DSUs after grant: 25,777.476 units
+2 more
5 metrics
Deferred Stock Units granted
4,596.740 units
Grant on 2026-05-27 for non-employee director service
Reference value per DSU
$71.79 per unit
Price used for DSU grant valuation
Total DSUs after grant
25,777.476 units
Holdings following 2026-05-27 award
Conversion ratio
1 DSU : 1 common share
DSUs convert into equal number of common shares
Underlying common shares
4,596.740 shares
Common stock underlying this DSU award
Key Terms
Deferred Stock Units, Board of Directors Deferred Stock Unit Plan, dividend equivalents
3 terms
Deferred Stock Units financial
"The reporting person acquired these deferred stock units (DSUs) under the Board of Directors Deferred Stock Unit Plan"
Deferred stock units are promises from a company to give an employee shares of stock at a future date, often after certain conditions are met or after leaving the company. They function like a form of delayed compensation, allowing employees to earn shares over time. For investors, they represent potential future ownership in the company, but do not provide immediate voting rights or dividends until the shares are actually received.
Board of Directors Deferred Stock Unit Plan financial
"The reporting person acquired these deferred stock units (DSUs) under the Board of Directors Deferred Stock Unit Plan (the Plan)"
dividend equivalents financial
"Upon retirement or termination, the DSUs in the director's account under the Plan are converted... DSUs accrue dividend equivalents."
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Otis Worldwide (OTIS) report for Margaret M. V. Preston?
Otis Worldwide reported that director Margaret M. V. Preston received 4,596.740 Deferred Stock Units as compensation. These units were granted for her service as a non-employee director under the company’s Board of Directors Deferred Stock Unit Plan.
How many Deferred Stock Units does Margaret M. V. Preston hold after this OTIS Form 4?
After the latest grant, Margaret M. V. Preston holds 25,777.476 Deferred Stock Units. This total reflects her accumulated board compensation deferred into DSUs, which may later convert into the same number of Otis common shares.
What are Deferred Stock Units (DSUs) in the Otis (OTIS) director compensation plan?
Deferred Stock Units are bookkeeping units that track the value of Otis common stock for director pay. Under the Board of Directors Deferred Stock Unit Plan, DSUs are paid instead of cash fees and later convert into common shares, while accruing dividend equivalents.
When will Margaret M. V. Preston’s Otis DSUs convert into common stock?
Preston’s Deferred Stock Units convert into an equal number of Otis common shares upon her retirement or termination from the board. Distribution then occurs either in a lump sum or in installments, according to her prior election under the plan.
Do Otis (OTIS) Deferred Stock Units for directors receive dividend equivalents?
Yes. The filing states that Deferred Stock Units granted under the Otis Board of Directors Deferred Stock Unit Plan accrue dividend equivalents. This means DSU balances are adjusted over time to reflect dividends paid on Otis common stock.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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