Otis Worldwide (OTIS) CEO logs RSU vesting and share disposals

Rhea-AI Filing Summary

Otis Worldwide Corp Chair, CEO and President Judith Fran Marks reported routine equity award activity over two days in early February 2026. Restricted stock units granted in 2023 and 2024 vested, converting on a one-for-one basis into 11,787 and 11,828 shares of common stock on February 6 and 7, respectively. On each date, she disposed of 5,306 and 5,318 common shares at $89.85 per share in transactions coded "F." After these transactions, she directly held 244,063 Otis common shares and indirectly held 23,000 shares through an entity described as "2025 GRAT."

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^*

Marks Judith Fran

(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)
	Chair, CEO and President

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		11,787	A	(1)	242,859	D
Common Stock	02/06/2026		F		5,306	D	$89.85	237,553	D
Common Stock	02/07/2026		M		11,828	A	(1)	249,381	D
Common Stock	02/07/2026		F		5,318	D	$89.85	244,063	D
Common Stock								23,000	I	By 2025 GRAT

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			11,787	(2)	(2)	Common Stock	11,787	$0	11,797	D
Restricted Stock Units	(1)	02/07/2026		M			11,828	(3)	(3)	Common Stock	11,828	$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
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FAQ

What insider transactions did OTIS CEO Judith Fran Marks report on this Form 4?

Judith Fran Marks reported RSU vesting and related stock movements. RSUs converted into 11,787 and 11,828 Otis common shares on February 6 and 7, 2026, with separate disposals of 5,306 and 5,318 shares at $89.85 per share.

How many Otis (OTIS) shares does the CEO hold after these Form 4 transactions?

After the reported transactions, Judith Fran Marks directly held 244,063 Otis common shares. She also indirectly held 23,000 additional shares through an entity identified as “2025 GRAT,” according to the beneficial ownership table in the filing.

What restricted stock unit activity did OTIS disclose for its CEO?

Otis disclosed that RSUs granted in 2023 and 2024 to the CEO vested in three substantially equal annual installments. On the transaction dates, 11,787 and 11,828 RSUs vested and converted into common stock on a one-for-one basis with dividend-equivalent rights.

On what dates did the Otis (OTIS) CEO’s RSUs vest and convert to shares?

The filing shows RSUs converting into common stock on February 6, 2026 and February 7, 2026. These reflected the second installment of 2024 RSUs and the final installment of 2023 RSUs, each vesting in substantially equal annual tranches.

What were the disposal transactions at $89.85 reported by Otis’s CEO?

On both February 6 and February 7, 2026, the CEO disposed of 5,306 and 5,318 Otis common shares, respectively. Each transaction was priced at $89.85 per share and coded “F” in the non-derivative securities table.

What does the Otis (OTIS) Form 4 say about the CEO’s indirect share ownership?

The Form 4 lists 23,000 Otis common shares as indirectly owned by Judith Fran Marks. These are held “By 2025 GRAT,” indicating beneficial ownership through that named entity rather than directly in her own name.