Otis director granted 4,527 deferred stock units
Otis Worldwide director Jill Brannon received a grant of 4,527.093 deferred stock units (DSUs) at a transaction price of $71.79 per unit for service as a non-employee director.
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Form Type
4
Rhea-AI Filing Summary
Otis Worldwide director Jill Brannon received a grant of 4,527.093 deferred stock units (DSUs) at a transaction price of $71.79 per unit for service as a non-employee director. Her DSU balance increased to 13,623.77 units, which will convert into an equal number of common shares after retirement or termination and accrue dividend equivalents.
Insider Trade Summary
Grant/Award: 4,527.093 shares
Grant/Award
1 txn
Insider
Brannon Jill
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Stock Units | 4,527.093 | $71.79 | $325K |
Holdings After Transaction:
Deferred Stock Units — 13,623.77 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: 4,527.093 DSUs
Transaction price per unit: $71.79 per DSU
Total DSUs after grant: 13,623.77 DSUs
+1 more
4 metrics
Deferred stock units granted
4,527.093 DSUs
Grant to non-employee director Jill Brannon on May 27, 2026
Transaction price per unit
$71.79 per DSU
Valuation used for the DSU grant
Total DSUs after grant
13,623.77 DSUs
Jill Brannon’s deferred stock unit balance following the transaction
Underlying common stock
4,527.093 shares
Common shares underlying the DSUs granted in this transaction
Key Terms
Deferred Stock Units, Board of Directors Deferred Stock Unit Plan, non-employee director, dividend equivalents
4 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
"acquired these deferred stock units (DSUs) under the Board of Directors Deferred Stock Unit Plan (the Plan)"
non-employee director financial
"under the Board of Directors Deferred Stock Unit Plan (the Plan) for service as a non-employee director"
dividend equivalents financial
"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 ... 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 (OTIS) director Jill Brannon report?
Jill Brannon reported acquiring 4,527.093 deferred stock units (DSUs) of Otis Worldwide as compensation for serving as a non-employee director. These DSUs are part of the company’s Board of Directors Deferred Stock Unit Plan and represent a form of deferred equity-based pay.
How many Otis (OTIS) deferred stock units does Jill Brannon hold after this Form 4?
After this grant, Jill Brannon holds a total of 13,623.77 deferred stock units. Each DSU represents a right to receive one share of Otis common stock in the future, subject to the terms of the Board of Directors Deferred Stock Unit Plan.
What is the structure of Otis (OTIS) Board of Directors Deferred Stock Unit Plan?
The Plan allows non-employee directors to receive a portion or all of their annual director compensation in deferred stock units. These DSUs are credited to a director’s account and are designed as an equity-based, deferred compensation arrangement tied to Otis common stock.
When will Jill Brannon’s Otis (OTIS) deferred stock units be converted into common stock?
Upon Jill Brannon’s retirement or termination as a director, her deferred stock units will convert into an equal number of Otis common shares. Those shares are then distributed either in a lump sum or in installments, based on her prior election under the Plan.
Do Otis (OTIS) deferred stock units pay dividends to Jill Brannon?
The deferred stock units accrue dividend equivalents for Jill Brannon. That means when Otis pays dividends on its common stock, her DSU account is credited with additional value or units reflecting those dividends, following the specific rules of the Board of Directors Deferred Stock Unit Plan.
What was the transaction price per Otis (OTIS) deferred stock unit in this Form 4?
The transaction price per deferred stock unit reported for this grant was $71.79. This price is used to value the 4,527.093 deferred stock units that Jill Brannon received as part of her non-employee director compensation under the company’s deferred stock unit plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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