Otis (NYSE: OTIS) Greater China president logs RSU vesting and tax share disposition

Rhea-AI Filing Summary

Otis Worldwide President, Otis Greater China, Sally Loh reported equity award activity involving restricted stock units and common shares. On March 1, 2026, 1,256 restricted stock units were exercised and converted into 1,256 shares of common stock at a stated price of $0.00 per share.

In a related tax-withholding disposition, 264 common shares were delivered at $92.56 per share to satisfy tax obligations tied to this vesting and conversion. After these transactions, Loh directly owned 45,507 shares of Otis Worldwide common stock. The RSUs were part of a March 1, 2023 grant that vested in three substantially equal annual installments, with the third and final installment vesting on the transaction date.

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^*

Loh Sally

(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 Greater China

3. Date of Earliest Transaction (Month/Day/Year)
03/01/2026

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	03/01/2026		M		1,256	A	(1)	45,771	D
Common Stock	03/01/2026		F		264	D	$92.56	45,507	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)	03/01/2026		M			1,256	(2)	(2)	Common Stock	1,256	$0	0	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 March 1, 2023, the reporting person was granted RSUs vesting in three substantially equal annual installments beginning on the first anniversary of the grant date. The third and final installment vested on the Transaction Date.

	Susan Grady, Attorney-in-Fact	03/03/2026
	** Signature of Reporting Person	Date
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FAQ

What insider transactions did Otis (OTIS) executive Sally Loh report?

Sally Loh reported RSU vesting and related share movements. 1,256 restricted stock units converted into 1,256 common shares, and 264 shares were disposed of to cover taxes. Following these transactions, she directly held 45,507 Otis Worldwide common shares.

How many Otis (OTIS) shares did Sally Loh acquire through RSU conversion?

She acquired 1,256 Otis common shares through the exercise and conversion of 1,256 restricted stock units at a stated price of $0.00 per share. These shares resulted from a March 1, 2023 RSU grant vesting in three annual installments.

Why were 264 Otis (OTIS) shares disposed of in Sally Loh’s Form 4?

The 264 Otis shares were disposed of to satisfy tax liabilities associated with the RSU vesting and conversion. This tax-withholding disposition, reported at $92.56 per share, is not an open-market sale but a delivery of shares for tax payment purposes.

What is Sally Loh’s Otis (OTIS) share ownership after these transactions?

After the reported transactions, Sally Loh directly owned 45,507 Otis Worldwide common shares. This reflects the 1,256-share RSU conversion into common stock and the 264-share tax-withholding disposition recorded on March 1, 2026 in the Form 4 filing.

What were the terms of Sally Loh’s Otis (OTIS) RSU grant?

The RSUs were granted on March 1, 2023 and were scheduled to vest in three substantially equal annual installments. The third and final installment vested on March 1, 2026, triggering the conversion of 1,256 restricted stock units into 1,256 Otis common shares.

How do Otis (OTIS) RSUs held by Sally Loh convert into common stock?

Her restricted stock units convert into Otis common stock on a one-for-one basis, according to the filing. The RSUs also carry the right to receive dividend equivalents, which are credited as additional RSUs until they ultimately convert into common shares.