Otis Worldwide (NYSE: OTIS) EVP logs stock awards and tax withholdings

Rhea-AI Filing Summary

Otis Worldwide EVP & Chief Digital Officer Neil Green reported multiple equity award transactions. On February 3, 2026, he acquired 2,961 shares of common stock from the vesting of previously granted performance share units, with performance certified at 82%. To cover taxes, 976 shares of common stock were withheld at $87.16 per share.

On the same date, he received a new grant of 3,693 restricted stock units (RSUs), which vest in three substantially equal annual installments beginning on the first anniversary of the transaction date. On February 4, 2026, 1,155 RSUs granted on February 4, 2025 converted into the same number of common shares, and 349 shares were withheld at $90.37 for taxes. After these transactions, he directly held 6,564 shares of Otis common stock and 2,314 RSUs.

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^*

Green Neil

(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 Digital Officer

3. Date of Earliest Transaction (Month/Day/Year)
02/03/2026

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	02/03/2026		A		2,961(4)	A	(4)	6,734	D
Common Stock	02/03/2026		F		976	D	$87.16	5,758	D
Common Stock	02/04/2026		M		1,155	A	(1)	6,913	D
Common Stock	02/04/2026		F		349	D	$90.37	6,564	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)	02/03/2026		A		3,693		(2)	(2)	Common Stock	3,693	$0	3,693	D
Restricted Stock Units	(1)	02/04/2026		M			1,155	(3)	(3)	Common Stock	1,155	$0	2,314	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. RSUs vest in three substantially equal annual installments beginning on the first anniversary of the Transaction Date.

3. On February 4, 2025, the reporting person was granted RSUs vesting in three substantially equal annual installments beginning on the first anniversary of the grant date. The first installment vested on the Transaction Date.

4. The acquisition of Otis common stock represents the vesting of performance share units (PSUs) previously awarded on February 7, 2023. Each PSU has a value equal to one share of Otis common stock. These PSUs vested on the Transaction Date upon the achievement of the 3-year cycle preestablished performance targets. The performance criteria were certified to be achieved at the 82% level.

	Susan Grady, Attorney-in-Fact	02/05/2026
	** 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).
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FAQ

What did Otis (OTIS) executive Neil Green report in this Form 4?

Neil Green reported vesting and grants of stock-based awards. He received performance share units converting into 2,961 common shares, new grants of 3,693 RSUs, and had shares withheld to cover taxes, updating his direct ownership balances in common stock and RSUs.

How many Otis (OTIS) shares does Neil Green own after these transactions?

After the reported transactions, Neil Green directly owns 6,564 shares of Otis common stock and 2,314 restricted stock units. These figures reflect PSU vesting, RSU vesting, new RSU grants, and share withholdings to satisfy associated tax obligations on February 3 and 4, 2026.

What restricted stock unit (RSU) activity was disclosed for Otis (OTIS) EVP Neil Green?

Neil Green received 3,693 new RSUs on February 3, 2026, vesting in three equal annual installments starting one year after that date. Additionally, 1,155 RSUs granted February 4, 2025 vested into common stock, leaving him with 2,314 RSUs directly owned.

What performance share unit (PSU) vesting did Otis (OTIS) report for Neil Green?

The filing shows 2,961 Otis common shares acquired from vesting performance share units awarded February 7, 2023. These PSUs vested on February 3, 2026 after three-year performance targets were certified achieved at 82%, resulting in share delivery and tax-related withholdings.

Why were some Otis (OTIS) shares withheld in Neil Green’s Form 4?

The Form 4 reports 976 shares on February 3, 2026 at $87.16 and 349 shares on February 4, 2026 at $90.37 withheld under transaction code F. These withholdings are to satisfy tax obligations triggered by PSU and RSU vesting events, not open-market sales.

How do Neil Green’s new RSUs at Otis (OTIS) vest over time?

The 3,693 RSUs granted on February 3, 2026 vest in three substantially equal annual installments. Vesting begins on the first anniversary of the transaction date, meaning one-third vests each year over three years, subject to the award’s standard vesting conditions.