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Otis (OTIS) Asia Pacific president converts RSUs into 3,092 shares

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Otis Worldwide executive Stephane de Montlivault reported routine stock-based compensation activity involving restricted stock units (RSUs). On February 6, 2026, 1,472 RSUs converted into common stock at an exercise price of $0, increasing his directly owned common shares to 75,500 and leaving 1,479 RSUs outstanding.

On February 7, 2026, a further 1,620 RSUs converted into common stock at $0, bringing his directly owned common stock holdings to 77,120 shares and exhausting that RSU grant. The RSUs convert one-for-one into common stock and include dividend equivalents that are credited as additional RSUs.

Positive

  • None.

Negative

  • None.
Insider de Montlivault Stephane
Role President, Otis Asia Pacific
Type Security Shares Price Value
Exercise Restricted Stock Units 1,620 $0.00 --
Exercise Common Stock 1,620 $0.00 --
Exercise Restricted Stock Units 1,472 $0.00 --
Exercise Common Stock 1,472 $0.00 --
Holdings After Transaction: Restricted Stock Units — 0 shares (Direct); Common Stock — 77,120 shares (Direct)
Footnotes (1)
  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. 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. 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.
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*
de Montlivault Stephane
(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)
President, Otis Asia Pacific
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 1,472 A (1) 75,500 D
Common Stock 02/07/2026 M 1,620 A (1) 77,120 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) 02/06/2026 M 1,472 (2) (2) Common Stock 1,472 $0 1,479 D
Restricted Stock Units (1) 02/07/2026 M 1,620 (3) (3) Common Stock 1,620 $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
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.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did OTIS executive Stephane de Montlivault report?

Stephane de Montlivault reported conversions of restricted stock units (RSUs) into Otis Worldwide common stock on February 6 and 7, 2026. These were stock-based compensation events, not open-market purchases, and carried an exercise price of $0 per share.

How many Otis (OTIS) shares did the executive receive from RSU conversions?

Across two transactions, Stephane de Montlivault received 1,472 common shares on February 6, 2026, and 1,620 common shares on February 7, 2026. Each share came from vested RSUs converting into Otis Worldwide common stock on a one-for-one basis.

What are the executive’s Otis common stock holdings after these Form 4 transactions?

Following the reported activity, Stephane de Montlivault directly owns 77,120 shares of Otis Worldwide common stock. These holdings reflect the addition of 1,472 shares on February 6, 2026, and 1,620 shares on February 7, 2026, from RSU conversions.

What RSU balance remains for the Otis (OTIS) executive after the conversions?

After these transactions, Stephane de Montlivault holds 1,479 restricted stock units. One RSU grant tied to the February 7, 2023 award fully vested on February 7, 2026, while another grant from February 6, 2024 continues vesting in installments.

How do Otis Worldwide (OTIS) RSUs held by the executive convert into shares?

The reported restricted stock units convert into Otis common stock on a one-for-one basis. These RSUs also include the right to receive dividend equivalents, which are credited as additional RSUs over time, enhancing the executive’s potential share-based compensation.

What vesting schedules applied to the Otis (OTIS) RSU grants in this Form 4?

The February 6, 2024 RSUs vest in three substantially equal annual installments beginning one year after grant; the second installment vested February 6, 2026. The February 7, 2023 RSUs followed the same structure, with the last installment vesting on February 7, 2026.