Otis director granted 2,716 deferred stock units
Otis Worldwide director Nelda J. Connors received a grant of deferred stock units as board compensation.
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.
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Insider Trade Summary
Grant/Award: 2,716.256 shares
Grant/Award
1 txn
Insider
Connors Nelda J
Role
Director
| 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 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: 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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
