Otis (NYSE: OTIS) CFO awarded 14,771 RSUs as PSUs vest at 82%

Rhea-AI Filing Summary

Otis Worldwide EVP & CFO Maria Cristina Mendez Echevarria reported multiple equity transactions on February 3–4, 2026. She received 14,771 restricted stock units (RSUs), which convert into common stock one-for-one and vest in three substantially equal annual installments beginning on the first anniversary of the grant date.

On February 4, 2026, 4,333 RSUs granted on February 4, 2025 vested and were settled into an equal number of common shares. On February 3, 2026, 1,639 common shares were acquired upon vesting of performance share units tied to a three-year performance cycle that was certified at 82%. To cover tax obligations, 641 shares at $87.16 and 1,699 shares at $90.37 were withheld. Following these transactions, she directly held 8,867 shares of Otis common stock and 8,676 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)
02/03/2026

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	02/03/2026		A		1,639(4)	A	(4)	6,874	D
Common Stock	02/03/2026		F		641	D	$87.16	6,233	D
Common Stock	02/04/2026		M		4,333	A	(1)	10,566	D
Common Stock	02/04/2026		F		1,699	D	$90.37	8,867	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)	02/03/2026		A		14,771		(2)	(2)	Common Stock	14,771	$0	14,771	D
Restricted Stock Units	(1)	02/04/2026		M			4,333	(3)	(3)	Common Stock	4,333	$0	8,676	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.

3. On February 4, 2025, the reporting person was granted RSUs vesting in three substantially equal annual installments beginning on the first anniversary of the grant date. The first installment vested on the Transaction Date.

4. The acquisition of Otis common stock represents the vesting of performance share units (PSUs) previously awarded on February 7, 2023. Each PSU has a value equal to one share of Otis common stock. These PSUs vested on the Transaction Date upon the achievement of the 3-year cycle preestablished performance targets. The performance criteria were certified to be achieved at the 82% level.

	Susan Grady, Attorney-in-Fact	02/05/2026
	** Signature of Reporting Person	Date
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FAQ

What insider transactions did Otis (OTIS) CFO Maria Cristina Mendez Echevarria report?

She reported equity compensation activity, including RSU grants, RSU vesting, PSU vesting, and related tax share withholding. These transactions increased her direct common stock holdings and adjusted her outstanding RSU balance as part of Otis’s long-term incentive program.

How many restricted stock units were granted to the Otis (OTIS) CFO in February 2026?

She was granted 14,771 restricted stock units (RSUs) on February 3, 2026. Each RSU converts into one share of Otis common stock and includes dividend equivalents credited as additional RSUs, aligning her compensation with long-term shareholder value.

What is the vesting schedule for the new RSUs awarded to the Otis (OTIS) CFO?

The RSUs vest in three substantially equal annual installments starting on the first anniversary of the February 3, 2026 transaction date. This three-year vesting schedule is designed to retain the executive and link compensation to sustained company performance over time.

What performance level was achieved for the Otis (OTIS) performance share units that vested?

Performance share units (PSUs) awarded on February 7, 2023 vested after a three-year cycle with performance certified at the 82% level. Each PSU equaled one share of Otis common stock, leading to the acquisition of 1,639 shares upon vesting on the transaction date.

How many Otis (OTIS) shares were withheld for taxes in these Form 4 transactions?

To satisfy tax obligations from equity vesting, 641 shares were withheld at $87.16 per share and 1,699 shares were withheld at $90.37 per share. These withholdings reduced the net shares delivered to the executive while covering required tax liabilities.

What are the Otis (OTIS) CFO’s holdings after the reported Form 4 transactions?

After the reported activity, she directly held 8,867 shares of Otis common stock and 8,676 restricted stock units. The RSUs represent additional potential future shares, subject to their vesting schedules and continued service conditions under the company’s incentive plans.