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Otis Worldwide (NYSE: OTIS) EVP reports RSU vesting and tax withholding

Filing Impact
(Very High)
Filing Sentiment
(Positive)
Form Type
4

Rhea-AI Filing Summary

Otis Worldwide Corp. executive vice president and chief product and delivery officer reported several equity award transactions dated 12/03/2025. The executive converted 10,102 restricted stock units (RSUs) into common stock at a reported stock price of $86.94, and also converted an additional 185 RSUs on the same date. RSUs convert into common stock on a one-for-one basis and include dividend equivalent rights.

To cover taxes, 4,687 shares of common stock and 185 RSUs were withheld or disposed of in connection with these vesting events, consistent with the explanation that certain RSUs were reduced to satisfy tax obligations tied to retirement treatment. After these transactions, the executive directly holds 12,216 shares of common stock, along with 20,213 RSUs and a separate 4,217 RSU balance, which remain outstanding and subject to their vesting schedules.

Positive

  • None.

Negative

  • None.
Insider Zheng Peiming
Role EVP, Chief Product, Delivery
Type Security Shares Price Value
Exercise Restricted Stock Units 10,102 $0.00 --
Exercise Restricted Stock Units 185 $0.00 --
Exercise Common Stock 10,102 $86.94 $878K
Tax Withholding Common Stock 4,687 $86.94 $407K
Exercise Common Stock 185 $86.94 $16K
Tax Withholding Common Stock 185 $86.94 $16K
Holdings After Transaction: Restricted Stock Units — 20,213 shares (Direct); Common Stock — 16,903 shares (Direct)
Footnotes (1)
  1. 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. On December 3, 2024, the reporting person was granted RSUs, of which one third are eligible to vest on the first anniversary of the grant date and the remainder are eligible to vest on the third anniversary of the grant date. The first installment vested on the Transaction Date. 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.
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*
Zheng Peiming
(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)
EVP, Chief Product, Delivery
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 10,102 A $86.94 16,903 D
Common Stock 12/03/2025 F 4,687 D $86.94 12,216 D
Common Stock 12/03/2025 M 185 A $86.94 12,401 D
Common Stock 12/03/2025 F 185 D $86.94 12,216 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) 12/03/2025 M 10,102(2) (2) (2) Common Stock 10,102 $0 20,213 D
Restricted Stock Units (1) 12/03/2025 M 185(3) (3) (3) Common Stock 185 $0 4,217 D
Explanation of Responses:
1. 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.
2. On December 3, 2024, the reporting person was granted RSUs, of which one third are eligible to vest on the first anniversary of the grant date and the remainder are eligible to vest on the third anniversary of the grant date. The first installment vested on the Transaction Date.
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.
Remarks:
Exhibit List: Exhibit 24 - Power of Attorney
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.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did the OTIS executive report on December 3, 2025?

On 12/03/2025, an Otis Worldwide Corp. EVP reported converting 10,102 RSUs and an additional 185 RSUs into common stock, with related tax-withholding dispositions.

How many Otis Worldwide (OTIS) shares does the executive hold after the transactions?

Following the reported transactions, the executive directly holds 12,216 shares of Otis Worldwide common stock and continues to hold 20,213 RSUs plus 4,217 RSUs.

What was the reported price for the OTIS stock involved in the RSU conversions?

The common stock underlying the RSU conversions and related dispositions was reported at a price of $86.94 per share.

Why were some Otis Worldwide RSUs reduced in this insider report?

The explanation states that certain RSUs were reduced to satisfy taxes due because the reporting person qualifies for retirement treatment under the award terms.

How do Otis Worldwide (OTIS) RSUs convert into common stock for this executive?

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

What vesting schedule applies to the 10,102 OTIS RSUs mentioned?

The 10,102 RSUs were granted on December 3, 2024, with one third eligible to vest on the first anniversary of the grant and the remainder on the third anniversary; the first installment vested on the transaction date.