OTIS CFO vested 1,099 RSUs; sold 430 shares at $92.24

Rhea-AI Filing Summary

Maria Cristina Mendez Echevarria, Executive Vice President & Chief Financial Officer of Otis Worldwide Corp (OTIS), reported equity transactions on 10/02/2025. She received 1,099 restricted stock units (RSUs) that converted to 1,099 common shares upon vesting and now holds 3,316 shares in total. Separately, she disposed of 430 common shares in an open-market sale at a price of $92.24 per share, leaving 5,235 beneficially owned shares recorded after the sale. The filing states the RSUs carry dividend equivalents and that one installment of the RSU grant vested on the transaction date under a multi-year vesting schedule.

Positive

• 1,099 RSUs converted to common stock, reflecting compensation realization and retention incentive
• RSUs include dividend equivalents, preserving economic participation until shares are delivered

Negative

• 430 shares sold at $92.24, indicating partial monetization that could signal personal liquidity needs
• Filing does not disclose a Rule 10b5-1 plan, so timing of the sale is not characterized as pre-planned

Insights

Corporate Governance Analyst

TL;DR: CFO realized partial sale while RSU vesting converted to stock, a routine executive equity event.

The report shows an executive-level vesting event: 1,099 RSUs converted into common stock on 10/02/2025, reflecting scheduled compensation realization. Such vesting aligns pay with tenure and retains equity-linked incentives.

Risk depends on scale versus total holdings and any pre-arranged trading plan; the filing does not state a Rule 10b5-1 plan. Monitor filing cadence for additional trades over the next 12 months to assess ongoing insider selling pressure.

Equity Compensation Specialist

TL;DR: A partial open-market sale of 430 shares at $92.24 offsets newly vested shares; net ownership changed modestly.

The sale of 430 shares at $92.24 indicates a liquidity action that partially converts vested RSUs to cash while the reporting person retains at least 3,316 shares direct post-conversion. RSUs include dividend equivalents and follow a multi-year vesting schedule originally granted on 10/02/2023.

Watch for subsequent Form 4 filings reporting future vesting installments or additional sales around the second and fourth anniversaries of the grant schedule.

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^*

Mendez Echevarria Maria Cristina

(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 & CFO

3. Date of Earliest Transaction (Month/Day/Year)
10/02/2025

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	10/02/2025		M		1,099	A	(1)	5,665	D
Common Stock	10/02/2025		F		430	D	$92.24	5,235	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)	10/02/2025		M			1,099	(2)	(2)	Common Stock	1,099	$0	3,316	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 October 2, 2023, the reporting person was granted RSUs, of which one quarter are eligible to vest on the second anniversary of the grant date and the remainder are eligible to vest on the fourth anniversary of the grant date. The first installment vested on the Transaction Date.

	Toby Smith, Attorney-in-Fact	10/06/2025
	** 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.

FAQ

What did Otis CFO Maria Cristina Mendez Echevarria report on Form 4 (OTIS)?

She reported 1,099 RSUs that vested and converted to 1,099 common shares on 10/02/2025, and a sale of 430 shares at $92.24 per share.

How many Otis shares does the reporting person beneficially own after these transactions?

The filing shows 5,235 shares beneficially owned following the reported sale and 3,316 shares listed as direct ownership of the vested RSU shares.

When were the RSUs originally granted and what is the vesting schedule?

The RSUs were granted on 10/02/2023; one quarter vested on the second anniversary and the remainder vests on the fourth anniversary, with the first installment vesting on 10/02/2025.

Was the share sale part of a 10b5-1 trading plan?

The Form 4 does not indicate that the sale was made under a Rule 10b5-1 plan; no contract-plan box is checked in the filing.

What price was received for the shares sold?

The sale price reported was $92.24 per share for the 430 shares sold on 10/02/2025.