Otis president converts RSUs, withholds shares for tax

Otis Worldwide officer Joseph Jay Armas, President, Otis Americas, reported routine equity compensation activity.

Rhea-AI Filing Summary

Otis Worldwide officer Joseph Jay Armas, President, Otis Americas, reported routine equity compensation activity. On February 6 and 7, 2026, previously granted restricted stock units (RSUs) vested and automatically converted into common stock on a one-for-one basis, consistent with earlier RSU award terms.

He acquired 283 and 232 shares of common stock at an exercise price of $0 through RSU conversions. To cover tax withholding, 70 and 58 shares were surrendered at a price of $89.85 per share. After these transactions, he directly held 1,731.377 common shares and 291 remaining RSUs from the 2024 grant, while the 2023 grant is fully vested.

Insider Trade Summary

515 shares exercised/converted

Exercise 6 txns

Insider Armas Joseph Jay

Role President, Otis Americas

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	232	$0.00	$0.00
Exercise	Common Stock	232	$0.00	$0.00
Exercise Price or Tax Liability	Common Stock	58	$89.85	$5K
Exercise	Restricted Stock Units	283	$0.00	$0.00
Exercise	Common Stock	283	$0.00	$0.00
Exercise Price or Tax Liability	Common Stock	70	$89.85	$6K

Holdings After Transaction: Restricted Stock Units — 291 contracts (Direct); Common Stock — 1,731.377 shares (Direct)

Footnotes (3)

1. F1. 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. F2. On February 6, 2024, the reporting person was granted RSUs vesting in three substantially equal annual installments beginning on the first anniversary of the grant date. The second installment vested on the Transaction Date.
3. F3. On February 7, 2023, the reporting person was granted RSUs vesting in three substantially equal annual installments beginning on the first anniversary of the grant date. The last installment vested on the Transaction Date.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider activity did OTIS President Joseph Jay Armas report on this Form 4?

Joseph Jay Armas reported routine equity compensation transactions involving restricted stock units vesting into common stock. RSUs granted in 2023 and 2024 partially vested in February 2026, converting into shares and triggering related tax-withholding share surrenders, all reported as direct holdings changes.

How many Otis Worldwide (OTIS) shares did Joseph Jay Armas acquire through RSU vesting?

He acquired 283 and 232 shares of Otis Worldwide common stock through RSU conversions on February 6 and 7, 2026. These restricted stock units converted into common shares at an exercise price of $0, reflecting standard settlement of previously granted equity awards as they reached their vesting dates.

How were taxes handled on Joseph Jay Armas’s February 2026 OTIS equity transactions?

Taxes were satisfied through share withholding. On February 6 and 7, 2026, 70 and 58 Otis Worldwide shares were surrendered at $89.85 per share under transaction code F, which indicates shares withheld by the issuer to cover applicable tax obligations arising from RSU vesting.

What are Joseph Jay Armas’s OTIS holdings after the reported Form 4 transactions?

Following the February 2026 transactions, Joseph Jay Armas directly held 1,731.377 shares of Otis Worldwide common stock. He also retained 291 restricted stock units from his February 6, 2024 grant, while RSUs granted on February 7, 2023 are fully vested and no longer outstanding.

How do the RSU grants described in the OTIS Form 4 vest over time?

The RSUs granted in 2023 and 2024 vest in three substantially equal annual installments, starting on the first anniversary of each grant date. The February 6, 2024 grant had its second installment vest, while the February 7, 2023 grant had its final installment vest on the reported transaction dates.

What additional rights are attached to the Otis Worldwide RSUs held by Joseph Jay Armas?

The restricted stock units convert into common stock on a one-for-one basis and carry dividend equivalent rights. Any dividends that would be paid on the underlying shares are credited as additional RSUs, increasing the number of units that ultimately convert into common stock upon vesting.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 02/10/2026 - 04:46 PM Learn about SEC filing dates

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^*

Armas Joseph Jay

(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 Americas

3. Date of Earliest Transaction (Month/Day/Year)
02/06/2026

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	02/06/2026		M		283	A	(1)	1,627.377	D
Common Stock	02/06/2026		F		70	D	$89.85	1,557.377	D
Common Stock	02/07/2026		M		232	A	(1)	1,789.377	D
Common Stock	02/07/2026		F		58	D	$89.85	1,731.377	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)	02/06/2026		M			283	(2)	(2)	Common Stock	283	$0	291	D
Restricted Stock Units	(1)	02/07/2026		M			232	(3)	(3)	Common Stock	232	$0	0	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 6, 2024, the reporting person was granted RSUs vesting in three substantially equal annual installments beginning on the first anniversary of the grant date. The second installment vested on the Transaction Date.

3. On February 7, 2023, the reporting person was granted RSUs vesting in three substantially equal annual installments beginning on the first anniversary of the grant date. The last installment vested on the Transaction Date.

	Susan Grady, Attorney-in-Fact	02/10/2026
	** 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).
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