Otis Worldwide (OTIS) awards 2,758 Deferred Stock Units to board director

Rhea-AI Filing Summary

Hannan Kathy Hopinkah reported acquisition or exercise transactions in this Form 4 filing.

Otis Worldwide Corp director Kathy Hopinkah Hannan received a grant of 2,758.044 Deferred Stock Units as non-employee director compensation. These units were awarded under the Board of Directors Deferred Stock Unit Plan and bring her total deferred units to 18,957.977. Each unit represents one share of common stock to be delivered in stock after retirement or termination, and the units accrue dividend equivalents over time.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Hannan Kathy Hopinkah

Role null

Type	Security	Shares	Price	Value
Grant/Award	Deferred Stock Units	2,758.044	$71.79	$198K

Holdings After Transaction: Deferred Stock Units — 18,957.977 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Deferred Stock Units granted: 2,758.044 units Reference price per unit: $71.79 per unit Total Deferred Stock Units after grant: 18,957.977 units +1 more

4 metrics

Deferred Stock Units granted 2,758.044 units Grant to non-employee director on 2026-05-27

Reference price per unit $71.79 per unit Value used for DSU grant

Total Deferred Stock Units after grant 18,957.977 units Director’s holdings following this transaction

Underlying common shares 2,758.044 shares Common stock underlying new DSUs

Key Terms

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

3 terms

Deferred Stock Units financial

"The reporting person acquired these deferred stock units (DSUs) under the Board of Directors Deferred Stock Unit Plan"

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 (the Plan)"

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.

Form 4 Insider Transactions: What Each Field Means →

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^*

Hannan Kathy Hopinkah

(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)
05/27/2026

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)	05/27/2026		A		2,758.044		(1)	(1)	Common Stock	2,758.044	$71.79	18,957.977	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. 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.

Remarks:

Exhibit List: Exhibit 24 - Power of Attorney

	Susan Grady, Attorney-in-Fact	05/29/2026
	** 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)

FAQ

What insider transaction did Otis Worldwide (OTIS) report for Kathy Hopinkah Hannan?

Otis Worldwide reported that director Kathy Hopinkah Hannan received a grant of 2,758.044 Deferred Stock Units as part of her non-employee director compensation. These units will convert into an equal number of common shares after retirement or termination under the company’s deferred stock unit plan.

How many Deferred Stock Units does Kathy Hopinkah Hannan hold at Otis (OTIS) after this grant?

After the latest grant, Kathy Hopinkah Hannan holds 18,957.977 Deferred Stock Units tied to Otis common stock. Each deferred unit represents one future share to be delivered following her retirement or termination, according to the terms of the Board of Directors Deferred Stock Unit Plan.

What are Deferred Stock Units in the context of Otis (OTIS) director compensation?

At Otis, Deferred Stock Units (DSUs) are share-based awards granted to non-employee directors instead of cash compensation. DSUs convert into an equal number of common shares after retirement or termination, and they also accrue dividend equivalents while outstanding under the company’s director deferred stock unit plan.

At what reference price were the new Otis (OTIS) Deferred Stock Units valued in this Form 4?

The 2,758.044 Deferred Stock Units granted to Kathy Hopinkah Hannan were valued at a reference price of $71.79 per unit. This price reflects the value used for the grant under the Board of Directors Deferred Stock Unit Plan and does not represent an open-market purchase or sale.

Does the Otis (OTIS) Form 4 show a buy or sell of common stock by the director?

The Form 4 does not show an open-market buy or sell of common stock. Instead, it reports a grant of Deferred Stock Units as non-employee director compensation, which will convert into common shares in the future rather than an immediate stock market transaction.