Otis Worldwide director awarded 291 deferred stock units

KEARNEY CHRISTOPHER J reported disposition transactions in this Form 4 filing.

Rhea-AI Filing Summary

KEARNEY CHRISTOPHER J reported disposition transactions in this Form 4 filing.

Otis Worldwide Corp director Christopher J. Kearney reported a grant of 290.899 deferred stock units (DSUs) on August 3, 2026, under the Board of Directors Deferred Stock Unit Plan as part of his annual retainer for service as Lead Director. Each DSU will convert into one share of common stock upon his retirement or termination, with distribution in a lump sum or installments according to his prior election. After this award, Kearney holds 19,940.825 DSUs, which also accrue dividend equivalents.

Insider Trade Summary

Grant/Award: 290.899 shares

Grant/Award 1 txn

Insider KEARNEY CHRISTOPHER J

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Deferred Stock Units F1	290.899	$72.19	$21K

Holdings After Transaction: Deferred Stock Units — 19,940.825 contracts (Direct)

Footnotes (1)

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. These DSUs represent a portion of the annual retainer payable to the reporting person in respect of his service as Lead Director of the Board of Directors. 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: 290.8990 units Total DSUs after transaction: 19940.8250 units Underlying common shares: 290.8990 shares +1 more

4 metrics

Deferred stock units granted 290.8990 units Award of DSUs to Christopher J. Kearney on 2026-08-03

Total DSUs after transaction 19940.8250 units Kearney’s deferred stock unit balance following the reported award

Underlying common shares 290.8990 shares Each DSU is convertible into one share of Otis common stock

Reference value per DSU 72.1900 Footnote-qualified value associated with the DSU grant

Key Terms

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

4 terms

Deferred Stock Units financial

"acquired these deferred stock units (DSUs) under the Board of Directors"

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"

annual retainer financial

"These DSUs represent a portion of the annual retainer payable to the reporting person"

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 Worldwide (OTIS) report in this Form 4?

Otis Worldwide reported that director Christopher J. Kearney received 290.899 deferred stock units (DSUs) on August 3, 2026. The DSUs were granted as part of his annual retainer under the Board of Directors Deferred Stock Unit Plan for non-employee directors.

Who is Christopher J. Kearney in relation to Otis Worldwide (OTIS)?

Christopher J. Kearney is a non-employee director and Lead Director on Otis Worldwide’s Board of Directors. The DSUs disclosed represent a portion of his annual director compensation under the company’s Board of Directors Deferred Stock Unit Plan.

What are Deferred Stock Units (DSUs) in the Otis Worldwide (OTIS) director plan?

Deferred Stock Units (DSUs) are bookkeeping units that will convert into an equal number of Otis Worldwide common shares. Under the Board plan, DSUs are paid as director compensation, convert at retirement or termination, and accrue dividend equivalents until distribution.

When will the Otis Worldwide (OTIS) DSUs reported by Kearney convert into shares?

The DSUs in Kearney’s account will convert into an equal number of Otis common shares upon his retirement or termination from the Board. Shares are then distributed either in a lump sum or in installments, based on his prior election under the plan.

How many Otis Worldwide (OTIS) deferred stock units does Kearney hold after this grant?

Following the August 3, 2026 grant, Christopher J. Kearney holds 19,940.825 deferred stock units. These DSUs were accumulated under the Board’s plan over time and represent future rights to receive an equal number of Otis common shares at separation.

Is the Otis Worldwide (OTIS) Form 4 transaction tied to a Rule 10b5-1 trading plan?

The Form 4’s Rule 10b5-1 checkbox is not marked as affirmative, and the footnote explains the DSUs arise from the Board’s Deferred Stock Unit Plan. This indicates a compensation-related award, not an open-market trade under a trading plan.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 08/04/2026 - 04:45 PM Accepted by SEC EDGAR 08/04/2026 - 04:44 PM Learn about SEC filing dates

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^*

KEARNEY CHRISTOPHER J

(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)
08/03/2026

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)	08/03/2026		A			290.899	(1)	(1)	Common Stock	290.899	$72.19	19,940.825	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. These DSUs represent a portion of the annual retainer payable to the reporting person in respect of his service as Lead Director of the Board of Directors. 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.

	Susan Grady, Attorney-in-Fact	08/04/2026
	** 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)