Otis Worldwide Corp (NYSE: OTIS) director adds 291 deferred stock units
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.
Positive
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Insider Trade Summary
1 transaction reported
Mixed
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 shares (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. 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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
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.
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.