Otis director granted 2,800 deferred stock units
Otis Worldwide Corp director Jeffrey Harry Black received a grant of deferred stock units as part of his board compensation.
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.
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Insider Trade Summary
Grant/Award: 2,799.833 shares
Grant/Award
1 txn
Insider
Black Jeffrey Harry
Role
Director
| 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 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: 2,799.833 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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
