Otis (NYSE: OTIS) CFO logs RSU conversions and $89.85 share sales

Rhea-AI Filing Summary

Otis Worldwide EVP & CFO Maria Cristina Mendez Echevarria reported multiple equity transactions involving common stock and restricted stock units (RSUs) on February 6 and 7, 2026. RSUs convert into common shares on a one-for-one basis and include dividend-equivalent RSUs.

On February 6, 302 RSUs vested and converted to common stock, and 119 common shares were disposed of at $89.85 per share. On February 7, 340 RSUs vested and converted, and 133 common shares were disposed of at $89.85 per share. After these transactions, she directly held 9,257 common shares and 311 RSUs.

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^*

Mendez Echevarria Maria Cristina

(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)
	EVP & CFO

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		302	A	(1)	9,169	D
Common Stock	02/06/2026		F		119	D	$89.85	9,050	D
Common Stock	02/07/2026		M		340	A	(1)	9,390	D
Common Stock	02/07/2026		F		133	D	$89.85	9,257	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			302	(2)	(2)	Common Stock	302	$0	311	D
Restricted Stock Units	(1)	02/07/2026		M			340	(3)	(3)	Common Stock	340	$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.
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FAQ

What insider transactions did OTIS EVP & CFO report on this Form 4?

Otis Worldwide EVP & CFO Maria Cristina Mendez Echevarria reported RSU vesting and related common stock transactions on February 6 and 7, 2026. RSUs converted into common shares, followed by dispositions of some shares at a stated market price of $89.85 per share.

How many Otis (OTIS) RSUs vested and converted into common stock?

A total of 302 restricted stock units vested and converted on February 6, 2026, and 340 RSUs vested and converted on February 7, 2026. Each RSU converts into one common share and also carries the right to receive dividend-equivalent RSUs over time.

At what price were Otis (OTIS) shares disposed of in these transactions?

Common shares were disposed of at a price of $89.85 per share on both February 6 and February 7, 2026. Those dispositions followed RSU vesting and conversion events, and are reported with transaction code F for the non-derivative common stock entries.

What are the Otis CFO’s direct holdings after these Form 4 transactions?

After the reported transactions, the Otis EVP & CFO directly held 9,257 shares of common stock and 311 restricted stock units. These holdings reflect the net impact of RSU conversions and common share dispositions reported for February 6 and 7, 2026.

How were the 2023 and 2024 Otis RSU grants structured for the CFO?

The February 6, 2024 RSU grant vests in three substantially equal annual installments starting one year after grant; the second installment vested on February 6, 2026. The February 7, 2023 RSU grant also vests in three equal installments, with the last installment vesting February 7, 2026.

Do Otis (OTIS) RSUs reported here include dividend equivalents?

Yes. The restricted stock units convert into common stock on a one-for-one basis and include the right to receive dividend equivalents. Those dividend equivalents are credited as additional RSUs, increasing the number of units over time as dividends are credited.