Otis director granted deferred stock units
Otis Worldwide director Christopher J. Kearney reported a compensation-related grant of deferred stock units (DSUs).
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.
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Insider Trade Summary
Grant/Award: 2,590.89 shares
Grant/Award
1 txn
Insider
KEARNEY CHRISTOPHER J
Role
Director
| 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 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 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"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
