Otis Worldwide COO converts 2,805 stock units

The 2,805 RSUs were the third and final annual installment of a grant made on November 1, 2023.

Available on EDGAR 11/03/2026 - 04:07 PM EST Accepted by SEC EDGAR 11/03/2026 - 04:06 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

Otis Worldwide Corp's EVP and Chief Operating Officer, Viseras Enrique Minarro, had 2,805 restricted stock units vest and convert into 2,805 common shares on November 1, 2026. The units converted one-for-one, and this was the third and final installment of a grant made November 1, 2023. On the same date, 1,319 shares were delivered or withheld for payment of exercise price or tax liability.

Insider Trade Summary

2,805 shares exercised/converted

Exercise 3 txns

Insider Minarro Viseras Enrique

Role EVP & CHIEF OPERATING OFFICER

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units F1, F2	2,805	$0.00	$0.00
Exercise	Common Stock F1	2,805	--	--
Exercise Price or Tax Liability	Common Stock	1,319	$75.75	$100K

Holdings After Transaction: Restricted Stock Units — 0 contracts (Direct); Common Stock — 33,908 shares (Direct)

Holdings Before and After: Restricted Stock Units, 2,805 to 0 contracts (Direct); Common Stock, 32,422 to 33,908 shares (Direct)

Footnotes (2)

1. F1. 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. F2. On November 1, 2023, the reporting person was granted RSUs vesting in three substantially equal annual installments beginning on the first anniversary of the grant date. The third and final installment vested on the Transaction Date.

Key Figures

Restricted stock units converted: 2,805 units Shares delivered or withheld: 1,319 shares Reported per-share price: $75.75 per share

3 metrics

Restricted stock units converted 2,805 units Third and final installment, November 1, 2026

Shares delivered or withheld 1,319 shares For payment of exercise price or tax liability on November 1, 2026

Reported per-share price $75.75 per share Shares delivered or withheld on November 1, 2026

Key Terms

Restricted Stock Units, dividend equivalents, vesting

3 terms

Restricted Stock Units technical

"RSUs convert into common stock on a one-for-one basis"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

dividend equivalents financial

"dividend equivalents that are credited as additional RSUs"

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.

vesting technical

"vesting in three substantially equal annual installments"

Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What happened to OTIS shares in the November 1, 2026 transaction?

Viseras Enrique Minarro converted 2,805 restricted stock units into 2,805 common shares on November 1, 2026. On that date, 1,319 shares were delivered or withheld for payment of exercise price or tax liability. The RSUs were the third and final installment of a grant made November 1, 2023.

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

Form 4 Insider Transactions: What Each Field Means →

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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^*

Minarro Viseras Enrique

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP & CHIEF OPERATING OFFICER

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
11/01/2026

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
Common Stock	11/01/2026		M		2,805	A	(1)	35,227	D
Common Stock	11/01/2026		F		1,319	D	$75.75	33,908	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)	11/01/2026		M			2,805	(2)	(2)	Common Stock	2,805	$0(1)	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 November 1, 2023, the reporting person was granted RSUs vesting in three substantially equal annual installments beginning on the first anniversary of the grant date. The third and final installment vested on the Transaction Date.

	Susan Grady, Attorney-in-Fact	11/03/2026
	** 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)