Otis (NYSE: OTIS) Asia Pacific president gains PSU and RSU shares

Rhea-AI Filing Summary

Otis Worldwide President, Otis Asia Pacific, Stephane de Montlivault reported equity-based compensation activity. On February 3, 2026, he acquired 7,931 shares of common stock at no cost from the vesting of performance share units that achieved 82% of preestablished three-year targets.

On February 4, 2026, 2,166 restricted stock units vested and converted on a one-for-one basis into common shares, also at no cost, as the first of three annual installments from a February 4, 2025 RSU grant. After these transactions, he directly owned 74,028 common shares and 4,338 RSUs, which include dividend-equivalent credits.

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

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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^*

de Montlivault Stephane

(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)
	President, Otis Asia Pacific

3. Date of Earliest Transaction (Month/Day/Year)
02/03/2026

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	02/03/2026		A		7,931(3)	A	(3)	71,862	D
Common Stock	02/04/2026		M		2,166	A	(1)	74,028	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	(1)	02/04/2026		M			2,166	(2)	(2)	Common Stock	2,166	$0	4,338	D

Explanation of Responses:

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

2. On February 4, 2025, the reporting person was granted RSUs vesting in three substantially equal annual installments beginning on the first anniversary of the grant date. The first installment vested on the Transaction Date.

3. The acquisition of Otis common stock represents the vesting of performance share units (PSUs) previously awarded on February 7, 2023. Each PSU has a value equal to one share of Otis common stock. These PSUs vested on the Transaction Date upon the achievement of the 3-year cycle preestablished performance targets. The performance criteria were certified to be achieved at the 82% level.

Remarks:

Exhibit List: Exhibit 24 - Power of Attorney

	Susan Grady, Attorney-in-Fact	02/05/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

Who is the insider in this Otis (OTIS) Form 4 filing?

The Form 4 reports transactions by Stephane de Montlivault, who serves as President, Otis Asia Pacific. He is an officer of Otis Worldwide, not a director or 10% owner, and holds the reported equity awards directly.

What common stock did Stephane de Montlivault acquire in this Otis (OTIS) filing?

He acquired 7,931 shares of Otis common stock on February 3, 2026, reported with transaction code A. These shares came from vested performance share units tied to a three-year performance cycle that was certified as 82% achieved.

How many restricted stock units vested for the Otis (OTIS) executive?

On February 4, 2026, 2,166 restricted stock units vested and converted into an equal number of Otis common shares. These RSUs are part of a February 4, 2025 grant vesting in three substantially equal annual installments beginning on the first anniversary.

What is the total Otis (OTIS) share ownership reported after these transactions?

Following the reported activity, Stephane de Montlivault directly owned 74,028 shares of Otis common stock and 4,338 restricted stock units. The RSUs convert into common stock on a one-for-one basis and accumulate dividend equivalents as additional RSUs.

Were any of the Otis (OTIS) equity transactions executed for cash?

Both reported equity events occurred at a stated price of $0.00 per share. The common stock was received through vesting of performance share units and restricted stock units rather than market purchases, so the executive did not pay cash for these shares.

What performance conditions applied to the Otis (OTIS) performance share units?

The performance share units granted on February 7, 2023 vested over a three-year cycle. Vesting occurred when preestablished performance targets were certified as achieved at the 82% level, resulting in the acquisition of 7,931 shares of Otis common stock.