Otis (NYSE: OTIS) Asia Pacific president awarded 4,685 restricted stock units

Rhea-AI Filing Summary

Otis Worldwide Corp reported that Nicolas Eduardo Lopez, President of Otis Asia Pacific, received an award of 4,685 Restricted Stock Units (RSUs) on the reported transaction date. The RSUs were granted at a price of $0.00 per unit as part of his equity compensation.

Each RSU converts into one share of Otis common stock and includes the right to receive dividend equivalents credited as additional RSUs. The award vests in three substantially equal annual installments beginning on the first anniversary of the transaction date, so the value to the executive depends on future share price and continued service.

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^*

Lopez Nicolas Eduardo

(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)
03/02/2026

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

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)	03/02/2026		A		4,685		(2)	(2)	Common Stock	4,685	$0	4,685	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. RSUs vest in three substantially equal annual installments beginning on the first anniversary of the Transaction Date.

	Susan Grady, Attorney-in-Fact	03/03/2026
	** 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

What insider transaction did Otis (OTIS) report for Nicolas Eduardo Lopez?

Otis reported that Nicolas Eduardo Lopez received a grant of 4,685 Restricted Stock Units. These RSUs are part of his equity compensation and were awarded at $0.00 per unit, aligning his incentives with future Otis share performance over a multi-year vesting period.

How many Otis (OTIS) RSUs were granted in this Form 4 filing?

The filing shows a grant of 4,685 Restricted Stock Units to Nicolas Eduardo Lopez. Each RSU is designed to convert into one share of Otis common stock, giving him potential ownership that depends on both vesting over time and the future Otis share price.

When do the new Otis (OTIS) RSUs for Nicolas Eduardo Lopez vest?

The RSUs vest in three substantially equal annual installments starting on the first anniversary of the transaction date. This schedule encourages longer-term retention, because Lopez must remain in service over several years to receive the full benefit of the 4,685-unit award.

What does it mean that Otis (OTIS) RSUs include dividend equivalents?

These RSUs include the right to receive dividend equivalents credited as additional RSUs. That means when Otis pays dividends on its common shares, Lopez’s RSU balance can increase, enhancing the potential value of his 4,685‑unit award if the company continues dividend payments.

Are the Otis (OTIS) RSUs reported in this Form 4 immediately convertible into shares?

Each RSU converts into one share of Otis common stock, but conversion is tied to vesting. Because the 4,685 RSUs vest in three annual installments beginning one year after the grant date, full share delivery occurs gradually over the multi‑year vesting period.