Otis (OTIS) director Connors awarded 2,716 deferred stock units as board pay

Rhea-AI Filing Summary

Otis Worldwide director Nelda J. Connors received a grant of deferred stock units as board compensation. She acquired 2,716.256 Deferred Stock Units (DSUs), each linked to Otis common stock, bringing her total DSU holdings to 14,414.097. These DSUs were granted under the Board of Directors Deferred Stock Unit Plan and will convert into an equal number of common shares, paid in a lump sum or installments after her retirement or termination. The DSUs also accrue dividend equivalents, aligning director compensation with shareholder returns without an immediate market purchase or sale.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Connors Nelda J

Role null

Type	Security	Shares	Price	Value
Grant/Award	Deferred Stock Units	2,716.256	$71.79	$195K

Holdings After Transaction: Deferred Stock Units — 14,414.097 shares (Direct, null)

Footnotes (1)

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Key Figures

Deferred stock units granted: 2,716.256 DSUs Reference price per unit: $71.79 per unit Total DSUs after transaction: 14,414.097 DSUs +1 more

4 metrics

Deferred stock units granted 2,716.256 DSUs Grant/award acquisition on May 27, 2026

Reference price per unit $71.79 per unit Price reported for Deferred Stock Units

Total DSUs after transaction 14,414.097 DSUs Holdings following the reported grant

Underlying common shares 2,716.256 shares Common stock underlying granted DSUs

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

"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 ... 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^*

Connors Nelda J

(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		2,716.256		(1)	(1)	Common Stock	2,716.256	$71.79	14,414.097	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 did Otis Worldwide (OTIS) director Nelda J. Connors report on this Form 4?

Nelda J. Connors reported receiving 2,716.256 Deferred Stock Units as board compensation. These units are tied to Otis common stock and increase her total DSU balance to 14,414.097, reflecting a routine, compensation-related equity award rather than an open-market stock transaction.

How many deferred stock units did Nelda J. Connors receive from Otis Worldwide (OTIS)?

She received 2,716.256 Deferred Stock Units under Otis’s Board of Directors Deferred Stock Unit Plan. The grant represents additional equity-based compensation for her service as a non-employee director and is classified as a grant or award acquisition on the Form 4.

What are the total deferred stock unit holdings for Nelda J. Connors at Otis (OTIS) after this grant?

After this grant, Nelda J. Connors holds 14,414.097 Deferred Stock Units. This total reflects all DSUs credited to her director account under the plan, which will eventually convert into an equal number of Otis common shares following retirement or termination of board service.

How do Otis (OTIS) deferred stock units for directors convert into common stock?

Upon a director’s retirement or termination, the deferred stock units convert into an equal number of Otis common shares. Distribution occurs either in a lump sum or in installments, based on the director’s prior election under the Board of Directors Deferred Stock Unit Plan.

Do Otis Worldwide (OTIS) deferred stock units pay dividends to directors?

Deferred stock units accrue dividend equivalents rather than direct cash dividends. This means when Otis pays dividends on its common stock, additional DSUs are credited to the director’s account, maintaining economic alignment with shareholders during the deferral period.

Is this Otis (OTIS) Form 4 filing a stock purchase or sale by the director?

No, the filing shows a grant of deferred stock units as compensation, not an open-market purchase or sale. The transaction is coded as a grant or award acquisition, with shares to be issued in the future when service on the board ends.