Otis Worldwide (NYSE: OTIS) director receives deferred stock units grant

Rhea-AI Filing Summary

Otis Worldwide director Christopher J. Kearney reported a compensation-related grant of deferred stock units (DSUs). He acquired 2,590.890 DSUs for his service as a non-employee director under the Board of Directors Deferred Stock Unit Plan at a reference price of $71.7900 per unit.

Following this grant, his holdings under this plan increased to 19,544.490 DSUs. Each DSU is tied to an equal number of Otis common shares and converts into common stock upon retirement or termination, with distribution in a lump-sum or installments as previously elected. These DSUs also accrue dividend equivalents, mirroring dividends on Otis common stock.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider KEARNEY CHRISTOPHER J

Role null

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

Holdings After Transaction: Deferred Stock Units — 19,544.49 shares (Direct, null)

Footnotes (1)

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Key Figures

Deferred stock units granted: 2,590.890 DSUs Reference price per DSU: $71.7900 per unit Total DSUs after transaction: 19,544.490 DSUs +1 more

4 metrics

Deferred stock units granted 2,590.890 DSUs Award for service as non-employee director on 2026-05-27

Reference price per DSU $71.7900 per unit Valuation used for DSU grant

Total DSUs after transaction 19,544.490 DSUs Holdings following the reported grant

Underlying common stock 2,590.890 shares Each DSU convertible into one share of common stock

Key Terms

Deferred Stock Units, Board of Directors Deferred Stock Unit Plan, dividend equivalents, non-employee director

4 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 ... 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.

non-employee director financial

"for service as a non-employee director. The Plan provides for payment of a portion or all of the annual director compensation"

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^*

KEARNEY CHRISTOPHER J

(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	19,544.49	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 (OTIS) disclose for director Christopher J. Kearney?

Otis disclosed that director Christopher J. Kearney received a grant of 2,590.890 deferred stock units (DSUs) as compensation for board service. These units were awarded under the company’s Board of Directors Deferred Stock Unit Plan, rather than through an open-market stock purchase.

How many deferred stock units does the Otis (OTIS) director hold after this Form 4?

After the reported grant, Christopher J. Kearney holds 19,544.490 deferred stock units. This total reflects his accumulated DSUs under the Board of Directors Deferred Stock Unit Plan, all of which are linked to an equivalent number of Otis common shares upon conversion at retirement or termination.

What are deferred stock units (DSUs) in the Otis (OTIS) director compensation plan?

Deferred stock units are share-based awards that track Otis common stock and are credited instead of cash fees. Under the Otis Board of Directors Deferred Stock Unit Plan, DSUs convert into an equal number of common shares at retirement or termination and accrue dividend equivalents over time.

When do Otis (OTIS) director deferred stock units convert into common stock?

The DSUs convert into an equal number of Otis common shares upon the director’s retirement or termination. Distribution timing follows the director’s prior election, allowing either a single lump-sum share delivery or installments, as specified in the Board of Directors Deferred Stock Unit Plan.

Do Otis (OTIS) deferred stock units for directors earn dividends before conversion?

Yes. The deferred stock units accrue dividend equivalents while they are outstanding. This means that when Otis pays dividends on its common stock, corresponding dividend-equivalent amounts are credited to the DSU account, maintaining economic alignment with regular shareholders until the DSUs convert into shares.