Otis (OTIS) director Jill Brannon receives 4,527 deferred stock units

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

1 transaction reported

Mixed 1 txn

Insider Brannon Jill

Role null

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 shares (Direct, null)

Footnotes (1)

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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.

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
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^*

Brannon Jill

(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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/27/2026

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)
			Code	V	Amount	(A) or (D)	Price

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
Deferred Stock Units	(1)	05/27/2026		A		4,527.093		(1)	(1)	Common Stock	4,527.093	$71.79	13,623.77	D

Explanation of Responses:

1. 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.

Remarks:

Exhibit List: Exhibit 24 - Power of Attorney

	Susan Grady, Attorney-in-Fact	05/29/2026
	** 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)

FAQ

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.