Otis (OTIS) EVP LaFreniere logs RSU grants, PSU vesting and tax-share sales

Rhea-AI Filing Summary

Otis Worldwide EVP and General Counsel Nora E. LaFreniere reported equity compensation activity and related tax-share sales. On February 3, 2026, she acquired 7,931 shares of common stock upon vesting of previously granted performance share units, after performance for a three‑year cycle was certified at 82%. To satisfy tax obligations, 2,557 shares were withheld or sold at $87.16 per share.

That same day, she received a new grant of 8,057 restricted stock units (RSUs), which convert into common stock on a one‑for‑one basis and vest in three substantially equal annual installments beginning one year after the grant date. On February 4, 2026, 2,528 RSUs from an earlier award converted into common stock, and 793 shares were withheld or sold at $90.37 per share for taxes. After these transactions, she directly held 37,635 Otis common shares and 5,060 RSUs.

Insider Trade Summary

2,528 shares exercised/converted

Mixed 6 txns

Insider LaFreniere Nora E.

Role EVP, General Counsel

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	2,528	$0.00	--
Exercise	Common Stock	2,528	$0.00	--
Tax Withholding	Common Stock	793	$90.37	$72K
Grant/Award	Restricted Stock Units	8,057	$0.00	--
Grant/Award	Common Stock	7,931	$0.00	--
Tax Withholding	Common Stock	2,557	$87.16	$223K

Holdings After Transaction: Restricted Stock Units — 5,060 shares (Direct); Common Stock — 38,428 shares (Direct)

Footnotes (1)

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. RSUs vest in three substantially equal annual installments beginning on the first anniversary of the Transaction Date. 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. 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.

Form 4 Insider Transactions: What Each Field Means →

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
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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^*

LaFreniere Nora E.

(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, General Counsel

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(4)	A	(4)	38,457	D
Common Stock	02/03/2026		F		2,557	D	$87.16	35,900	D
Common Stock	02/04/2026		M		2,528	A	(1)	38,428	D
Common Stock	02/04/2026		F		793	D	$90.37	37,635	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		8,057		(2)	(2)	Common Stock	8,057	$0	8,057	D
Restricted Stock Units	(1)	02/04/2026		M			2,528	(3)	(3)	Common Stock	2,528	$0	5,060	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.
* 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.
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FAQ

What insider transactions did Otis (OTIS) EVP Nora LaFreniere report?

She reported vesting of performance share units and restricted stock units, plus related tax-share sales. On February 3–4, 2026, she received Otis common stock from equity awards and had shares withheld or sold to cover tax obligations.

How many Otis (OTIS) shares did Nora LaFreniere acquire from awards?

She acquired 7,931 Otis common shares on February 3, 2026 from vesting performance share units and 2,528 shares on February 4, 2026 from vested restricted stock units, all converting on a one-for-one basis into common stock.

How many Otis (OTIS) shares were sold or withheld for taxes in this Form 4?

To satisfy tax obligations, 2,557 Otis common shares at $87.16 were withheld or sold on February 3, 2026, and 793 shares at $90.37 were withheld or sold on February 4, 2026, in connection with equity award vesting.

What new restricted stock units did Otis (OTIS) grant to Nora LaFreniere?

On February 3, 2026, she received 8,057 restricted stock units. These RSUs convert one-for-one into Otis common stock and vest in three substantially equal annual installments starting on the first anniversary of the transaction date.

What are the terms of Otis (OTIS) performance share units mentioned in the filing?

The performance share units were awarded on February 7, 2023, each equal to one Otis common share. They vested on February 3, 2026 after three-year performance targets were certified achieved at the 82% level, resulting in 7,931 common shares.

How many Otis (OTIS) shares and RSUs does Nora LaFreniere hold after these transactions?

Following the reported activity, she directly holds 37,635 Otis common shares and 5,060 restricted stock units. RSUs include dividend equivalents credited as additional units and convert into common stock on a one-for-one basis when they vest.