Otis (OTIS) Americas president reports PSU vesting and 7,609 new RSUs

Rhea-AI Filing Summary

Otis Worldwide executive Joseph Jay Armas, President of Otis Americas, reported equity award activity and related share settlements. On February 3, 2026, 1,110 shares of common stock were acquired upon vesting of performance share units that paid out at 82% of preestablished 3-year targets, with 333 shares withheld at $87.16 per share for taxes. He also received a new grant of 7,609 restricted stock units (RSUs), which vest in three substantially equal annual installments starting one year after the grant date.

On February 4, 2026, 431 RSUs from a prior February 4, 2025 grant converted into 431 common shares, and 124 of those shares were withheld for taxes at $90.37 per share. After these transactions, Armas directly owned 1,344.377 shares of Otis common stock and 7,609 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^*

Armas Joseph Jay

(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 Americas

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		1,110(4)	A	(4)	1,370.377	D
Common Stock	02/03/2026		F		333	D	$87.16	1,037.377	D
Common Stock	02/04/2026		M		431	A	(1)	1,468.377	D
Common Stock	02/04/2026		F		124	D	$90.37	1,344.377	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		7,609		(2)	(2)	Common Stock	7,609	$0	7,609	D
Restricted Stock Units	(1)	02/04/2026		M			431	(3)	(3)	Common Stock	431	$0	870	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.
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FAQ

What did Otis (OTIS) executive Joseph Jay Armas report on this Form 4?

He reported vesting and grants of equity awards. Performance share units converted into common stock, new restricted stock units were granted, and some shares were withheld to cover taxes. These transactions reflect compensation, not an open-market stock purchase or sale.

How many Otis (OTIS) restricted stock units did Joseph Jay Armas receive?

He received 7,609 new restricted stock units. These RSUs vest in three substantially equal annual installments beginning on the first anniversary of the February 3, 2026 transaction date, providing staged stock-based compensation over several years if he remains with the company.

What performance result triggered Otis (OTIS) performance share unit vesting?

The performance share units vested after the company achieved 3-year cycle performance targets at 82%. Each PSU converted into one share of Otis common stock, leading to an acquisition of 1,110 shares for Joseph Jay Armas on February 3, 2026 as part of his compensation.

Did Joseph Jay Armas sell Otis (OTIS) shares in the market in this filing?

No open-market sales were reported. Shares coded "F" were withheld to cover taxes when equity awards vested, at prices of $87.16 and $90.37. These are standard tax-withholding transactions rather than discretionary sales into the market.

How many Otis (OTIS) common shares did Joseph Jay Armas own after these transactions?

He directly held 1,344.377 shares of Otis common stock after the reported events. In addition, he held 7,609 restricted stock units, which may convert into additional shares over time as vesting conditions are satisfied under the company’s equity plans.

How do the new Otis (OTIS) RSUs for Joseph Jay Armas vest over time?

The 7,609 new RSUs vest in three substantially equal annual installments. Vesting begins on the first anniversary of the February 3, 2026 transaction date, aligning long-term compensation with multi-year service and performance at Otis Worldwide.