Otis (OTIS) director Jeffrey Harry Black receives deferred stock unit grant

Rhea-AI Filing Summary

Otis Worldwide Corp director Jeffrey Harry Black received a grant of deferred stock units as part of his board compensation. He acquired 2,799.833 deferred stock units under the Board of Directors Deferred Stock Unit Plan for service as a non-employee director, bringing his total to 19,498.225 units. These units will convert into an equal number of Otis common shares upon his retirement or termination, paid in a lump sum or installments as previously elected, and they accrue dividend equivalents over time.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Black Jeffrey Harry

Role null

Type	Security	Shares	Price	Value
Grant/Award	Deferred Stock Units	2,799.833	$71.79	$201K

Holdings After Transaction: Deferred Stock Units — 19,498.225 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Deferred stock units granted: 2,799.833 units Price reference per unit: $71.79 per unit Total deferred stock units held: 19,498.225 units +2 more

5 metrics

Deferred stock units granted 2,799.833 units Grant on 2026-05-27 under director DSU plan

Price reference per unit $71.79 per unit Form 4 transaction price per deferred stock unit

Total deferred stock units held 19,498.225 units Holdings following the reported transaction

Underlying common stock 2,799.833 shares Common stock underlying newly granted DSUs

Transaction code A (grant, award, or other acquisition) SEC Form 4 code describing the transaction type

Key Terms

Deferred Stock Units, Board of Directors Deferred Stock Unit Plan, dividend equivalents

3 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.

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^*

Black Jeffrey Harry

(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		2,799.833		(1)	(1)	Common Stock	2,799.833	$71.79	19,498.225	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) director Jeffrey Harry Black report?

Director Jeffrey Harry Black reported acquiring 2,799.833 deferred stock units in Otis Worldwide. These units were granted as compensation for service as a non-employee director under the company’s Board of Directors Deferred Stock Unit Plan and increase his total deferred units to 19,498.225.

How many Otis (OTIS) deferred stock units does Jeffrey Harry Black now hold?

After the latest grant, Jeffrey Harry Black holds 19,498.225 deferred stock units tied to Otis common stock. These units represent board compensation and will eventually convert into the same number of Otis common shares at retirement or termination, following his prior distribution election.

How are the Otis (OTIS) deferred stock units for directors paid out?

Otis deferred stock units for directors convert into an equal number of common shares upon retirement or termination. At the director’s earlier election, those shares are distributed either in a single lump-sum payment or in installments, providing flexibility in how compensation is ultimately received.

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

Yes, the deferred stock units granted to Otis directors accrue dividend equivalents. This means when Otis pays dividends on its common stock, the DSU balance is credited accordingly, increasing the number of units that will convert into common shares at retirement or termination.

What is the purpose of the Otis (OTIS) Board of Directors Deferred Stock Unit Plan?

The Board of Directors Deferred Stock Unit Plan allows Otis non-employee directors to receive a portion or all of their annual compensation in deferred stock units. This aligns director compensation with shareholder interests by tying value directly to Otis common stock performance over time.