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Otis (NYSE: OTIS) EVP reports RSU vesting and disposes common shares

Filing Impact
(Moderate)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Otis Worldwide Corp executive Zheng Peiming reported routine stock activity related to restricted stock units (RSUs) vesting and share dispositions. On February 6, 2026, 2,213 RSUs converted into the same number of common shares at $0 per share, followed by a disposition of 974 common shares at $89.85 per share. On February 7, 2026, 1,476 RSUs converted into 1,476 common shares at $0 per share, with a further disposition of 650 common shares at $89.85 per share. After these transactions, Zheng directly held 22,455 shares of Otis common stock. The RSUs convert into common stock on a one-for-one basis and include dividend equivalents credited as additional RSUs.

Positive

  • None.

Negative

  • None.
Insider Zheng Peiming
Role EVP, Chief Product, Delivery
Type Security Shares Price Value
Exercise Restricted Stock Units 1,476 $0.00 --
Exercise Common Stock 1,476 $0.00 --
Tax Withholding Common Stock 650 $89.85 $58K
Exercise Restricted Stock Units 2,213 $0.00 --
Exercise Common Stock 2,213 $0.00 --
Tax Withholding Common Stock 974 $89.85 $88K
Holdings After Transaction: Restricted Stock Units — 0 shares (Direct); Common Stock — 23,105 shares (Direct)
Footnotes (1)
  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. 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. 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.
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*
Zheng Peiming
(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, Chief Product, Delivery
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 2,213 A (1) 22,603 D
Common Stock 02/06/2026 F 974 D $89.85 21,629 D
Common Stock 02/07/2026 M 1,476 A (1) 23,105 D
Common Stock 02/07/2026 F 650 D $89.85 22,455 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 2,213 (2) (2) Common Stock 2,213 $0 2,024 D
Restricted Stock Units (1) 02/07/2026 M 1,476 (3) (3) Common Stock 1,476 $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.
* 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.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did OTIS executive Zheng Peiming report on this Form 4?

Zheng Peiming reported RSU vesting and related share dispositions in Otis Worldwide Corp common stock. RSUs converted into 2,213 and 1,476 shares, and 974 and 650 shares were disposed of at $89.85 per share on February 6 and 7, 2026.

How many Otis (OTIS) shares does Zheng Peiming own after the reported transactions?

After the reported Form 4 transactions, Zheng Peiming directly holds 22,455 shares of Otis Worldwide Corp common stock. This balance reflects RSU conversions into common shares and subsequent dispositions recorded on February 6 and 7, 2026.

What RSU activity involving OTIS stock occurred on February 6, 2026?

On February 6, 2026, 2,213 restricted stock units held by Zheng Peiming converted into 2,213 shares of Otis common stock at $0 per share. The filing also shows a disposition of 974 common shares at a price of $89.85 per share that same day.

What RSU activity involving OTIS stock occurred on February 7, 2026?

On February 7, 2026, 1,476 restricted stock units converted into 1,476 shares of Otis common stock at $0 per share. The Form 4 also reports a disposition of 650 common shares at a price of $89.85 per share on that date.

How do RSUs reported by OTIS executive Zheng Peiming convert into common stock?

The filing states that restricted stock units convert into Otis common stock on a one-for-one basis. These RSUs also carry the right to receive dividend equivalents, which are credited as additional RSUs before conversion into common shares.

What is the role of Zheng Peiming at Otis Worldwide Corp (OTIS)?

According to the Form 4, Zheng Peiming serves as an officer of Otis Worldwide Corp with the title EVP, Chief Product, Delivery. The reported transactions reflect his equity compensation activity in the form of RSUs and common stock.