Otis (NYSE: OTIS) awards director 2,716 deferred stock units as pay

Rhea-AI Filing Summary

Otis Worldwide Corp director Thomas A. Bartlett received a grant of 2,716.256 deferred stock units (DSUs) tied to Otis common stock. These units were awarded as part of his annual compensation for service as a non-employee director and reference a price of $71.79 per unit.

After this grant, Bartlett holds 8,174.262 DSUs. Under the Board of Directors Deferred Stock Unit Plan, these DSUs convert into an equal number of common shares when he retires or his service ends, with distribution in a lump sum or installments. The DSUs also accrue dividend equivalents, mirroring dividends paid on Otis common stock.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Bartlett Thomas A

Role null

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

Holdings After Transaction: Deferred Stock Units — 8,174.262 shares (Direct, null)

Footnotes (1)

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Key Figures

Deferred stock units granted: 2,716.256 DSUs Reference price per DSU: $71.79 per unit Deferred stock units after transaction: 8,174.262 DSUs +3 more

6 metrics

Deferred stock units granted 2,716.256 DSUs Grant to non-employee director on 2026-05-27

Reference price per DSU $71.79 per unit Award of deferred stock units

Deferred stock units after transaction 8,174.262 DSUs Holdings following the grant

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

Conversion or exercise price $0.00 DSUs convert into common stock at no exercise cost

Transaction date 2026-05-27 Date DSU grant was recorded

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

"The reporting person 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 into shares and 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^*

Bartlett Thomas A

(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	8,174.262	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 Thomas A. Bartlett report on this Form 4?

Thomas A. Bartlett reported receiving 2,716.256 deferred stock units (DSUs). These were granted as compensation for his service as a non-employee director under Otis Worldwide’s Board of Directors Deferred Stock Unit Plan.

How many deferred stock units does Thomas A. Bartlett hold after this Otis (OTIS) Form 4 transaction?

After the grant, Thomas A. Bartlett holds 8,174.262 deferred stock units. These DSUs are linked to Otis common stock and will convert into an equal number of shares when his board service ends or he retires.

What is the value reference per deferred stock unit in the Otis (OTIS) director grant?

Each deferred stock unit in this grant references a price of $71.79. The transaction reflects 2,716.256 DSUs at $71.79 per unit, awarded as part of annual compensation for a non-employee director of Otis Worldwide.

How do Otis Worldwide (OTIS) deferred stock units for directors work?

Deferred stock units convert into common stock when a director retires or leaves the board. Under the Otis Board Deferred Stock Unit Plan, DSUs equal common shares at conversion and can be distributed in a lump sum or installments, while accruing dividend equivalents.

Do Otis (OTIS) director deferred stock units receive dividends before conversion?

Yes, Otis director deferred stock units accrue dividend equivalents. While still units, they track the dividends paid on Otis common stock, increasing the director’s DSU balance in line with cash dividends until eventual share conversion.