Otis Worldwide (OTIS) director granted 2,590 deferred stock units as compensation

Rhea-AI Filing Summary

Otis Worldwide Corp director Shelley Stewart Jr. received a grant of deferred stock units as part of his non-employee director compensation. He acquired 2,590.890 deferred stock units, which are tied to common stock and valued at $71.79 per unit on the grant date.

Following this award, he holds 18,600.568 deferred stock units directly. These units are issued under the Board of Directors Deferred Stock Unit Plan, convert into an equal number of common shares upon retirement or termination, and accrue dividend equivalents over time.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Stewart Shelley JR

Role null

Type	Security	Shares	Price	Value
Grant/Award	Deferred Stock Units	2,590.89	$71.79	$186K

Holdings After Transaction: Deferred Stock Units — 18,600.568 shares (Direct, null)

Footnotes (1)

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Key Figures

Deferred stock units granted: 2,590.890 units Grant value per unit: $71.79 per unit Deferred stock units after grant: 18,600.568 units +1 more

4 metrics

Deferred stock units granted 2,590.890 units Grant to non-employee director on May 27, 2026

Grant value per unit $71.79 per unit Implied value of deferred stock unit award

Deferred stock units after grant 18,600.568 units Total direct holdings following the transaction

Conversion ratio 1 unit = 1 share Each DSU converts into one share of common stock

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 ... are converted ... 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^*

Stewart Shelley JR

(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		2,590.89		(1)	(1)	Common Stock	2,590.89	$71.79	18,600.568	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 Worldwide (OTIS) report for Shelley Stewart Jr.?

Otis Worldwide reported that director Shelley Stewart Jr. received a grant of 2,590.890 deferred stock units as non-employee director compensation. These units are linked to Otis common stock and increase his total deferred stock unit holdings under the company’s director plan.

How many deferred stock units does Shelley Stewart Jr. hold after this Form 4 for OTIS?

After the reported grant, Shelley Stewart Jr. holds 18,600.568 deferred stock units directly. These units represent future rights to receive an equal number of Otis common shares, subject to the terms of the Board of Directors Deferred Stock Unit Plan.

Was the Otis (OTIS) Form 4 for Shelley Stewart Jr. an open-market buy or sell?

The Form 4 shows a grant of deferred stock units, not an open-market buy or sell. The 2,590.890 units were awarded as compensation under the Board of Directors Deferred Stock Unit Plan for his service as a non-employee director.

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

Under the Board of Directors Deferred Stock Unit Plan, each deferred stock unit converts into one share of Otis common stock when a director retires or terminates service. Distribution occurs in a lump sum or installments, based on the director’s prior election.

Do Otis Worldwide (OTIS) deferred stock units accrue dividends?

Yes, deferred stock units granted under Otis Worldwide’s Board of Directors Deferred Stock Unit Plan accrue dividend equivalents. This means the units are credited with additional value corresponding to dividends paid on Otis common stock during the deferral period.