Otis director receives deferred stock unit grant
Otis Worldwide Corp director Shelley Stewart Jr. received a grant of deferred stock units as part of his non-employee director 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.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 2,590.89 shares
Grant/Award
1 txn
Insider
Stewart Shelley JR
Role
Director
| 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 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: 2,590.890 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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
