Otis Worldwide (OTIS) SVP reports RSU conversion and tax withholding on Form 4

Rhea-AI Filing Summary

Otis Worldwide Corp. executive reports routine equity transaction. The company’s SVP, CAO & Controller filed a Form 4 for activity on 12/03/2025. The filing shows the exercise of 23 restricted stock units (RSUs) into common stock at a reference price of $86.94 per share, followed by the disposition of 23 common shares at the same price to cover taxes. After these transactions, the executive directly owns 2,648 common shares and 664 RSUs.

The RSUs convert into common stock on a one-for-one basis and accrue dividend equivalents as additional RSUs. The filing notes that the tax-related share reduction is tied to the executive qualifying for retirement treatment under an award granted on February 6, 2024. It also corrects an earlier administrative omission of 20 shares from a prior report’s beneficial ownership total.

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^*

Ryan Michael Patrick

(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)
	SVP, CAO & Controller

3. Date of Earliest Transaction (Month/Day/Year)
12/03/2025

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	12/03/2025		M		23	A	$86.94	2,671(1)	D
Common Stock	12/03/2025		F		23	D	$86.94	2,648	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	(2)	12/03/2025		M			23(3)	(3)	(3)	Common Stock	23	$0	664	D

Explanation of Responses:

1. Includes an additional 20 shares which, due to an administrative error, were inadvertently omitted from Column 5 of Table I on the Form 4 filed on November 7, 2025.

2. Restricted stock units (RSUs) convert into common stock on a one-for-one basis. RSUs include the rights to receive dividend equivalents that are credited as additional RSUs.

3. This transaction reflects a reduction in the RSUs otherwise deliverable upon future vesting in order to satisfy taxes that are due because the reporting person qualifies for retirement treatment under the award. These RSUs were awarded on February 6, 2024.

	Susan Grady, Attorney-in-Fact	12/05/2025
	** 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.

FAQ

What insider transaction did Otis (OTIS) report on December 3, 2025?

The SVP, CAO & Controller of Otis Worldwide Corp. reported exercising 23 RSUs into common stock and disposing of 23 shares at $86.94 per share to cover taxes.

How many Otis (OTIS) shares does the reporting person own after this Form 4?

Following the reported transactions, the executive directly owns 2,648 shares of common stock and 664 restricted stock units.

What are the terms of the Otis (OTIS) restricted stock units in this filing?

The RSUs convert into Otis common stock on a one-for-one basis and include rights to receive dividend equivalents that are credited as additional RSUs.

Why were RSUs reduced in the Otis (OTIS) Form 4 transaction?

The filing states that the transaction reflects a reduction in RSUs deliverable upon future vesting to satisfy taxes due because the reporting person qualifies for retirement treatment under the award.

Which prior Otis (OTIS) report was corrected by this Form 4?

The explanation notes that the beneficial ownership now includes an additional 20 shares that were inadvertently omitted from Column 5 of Table I in a report filed on November 7, 2025.

When were the Otis (OTIS) RSUs originally granted?

The RSUs referenced in the filing were awarded on February 6, 2024.