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Otis Worldwide (NYSE: OTIS) SVP exercises RSUs and sells stock

Filing Impact
(Moderate)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Otis Worldwide Corp executive Ryan Michael Patrick, SVP, CAO & Controller, reported multiple equity transactions in early February 2026. On February 6 and 7, he exercised restricted stock units (RSUs) that converted on a one-for-one basis into 349 and 344 shares of common stock, respectively. Some shares (102 and 100) were withheld at $89.85 per share to cover taxes associated with these RSU vestings.

On February 10, 2026, he sold 1,182 shares of Otis common stock at $90.055 per share. After these transactions, he directly owned 3,504 shares of Otis common stock.

Positive

  • None.

Negative

  • None.
Insider Ryan Michael Patrick
Role SVP, CAO & Controller
Sold 1,182 shs ($106K)
Type Security Shares Price Value
Sale Common Stock 1,182 $90.055 $106K
Exercise Restricted Stock Units 344 $0.00 --
Exercise Common Stock 344 $0.00 --
Tax Withholding Common Stock 100 $89.85 $9K
Exercise Restricted Stock Units 349 $0.00 --
Exercise Common Stock 349 $0.00 --
Tax Withholding Common Stock 102 $89.85 $9K
Holdings After Transaction: Common Stock — 3,504 shares (Direct); Restricted Stock Units — 0 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.
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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*
Ryan Michael Patrick
(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)
SVP, CAO & Controller
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 349 A (1) 4,544 D
Common Stock 02/06/2026 F 102 D $89.85 4,442 D
Common Stock 02/07/2026 M 344 A (1) 4,786 D
Common Stock 02/07/2026 F 100 D $89.85 4,686 D
Common Stock 02/10/2026 S 1,182 D $90.055 3,504 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 349 (2) (2) Common Stock 349 $0 318 D
Restricted Stock Units (1) 02/07/2026 M 344 (3) (3) Common Stock 344 $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 transactions did OTIS executive Ryan Michael Patrick report?

Ryan Michael Patrick reported RSU vesting, tax share withholding, and an open-market sale. RSUs converted into common stock on February 6 and 7, 2026, and he sold 1,182 Otis Worldwide shares on February 10, 2026, at $90.055 per share, leaving 3,504 shares owned directly.

How many Otis Worldwide (OTIS) shares did the SVP sell and at what price?

He sold 1,182 Otis Worldwide common shares. The reported sale price was $90.055 per share on February 10, 2026. This sale followed RSU vesting and tax-related share withholding earlier in February, and left him holding 3,504 Otis common shares directly afterward.

What RSU activity did the OTIS Form 4 filing disclose for February 2026?

The filing shows RSUs converting one-for-one into common stock on February 6 and 7, 2026. 349 shares and 344 shares were issued from RSUs. The RSUs came from 2023 and 2024 grants that vest in three substantially equal annual installments beginning on each grant’s first anniversary.

Why were some Otis Worldwide shares withheld in the Ryan Michael Patrick filing?

On February 6 and 7, 2026, 102 and 100 common shares were withheld at $89.85 per share. The Form 4 lists these as code "F" transactions, representing shares withheld to satisfy tax obligations arising from the RSU vesting and conversion into Otis common stock.

How many Otis (OTIS) shares does Ryan Michael Patrick own after these transactions?

Following the reported transactions, he directly owns 3,504 shares of Otis common stock. This total comes after RSUs converted into shares, tax-related share withholding, and the subsequent sale of 1,182 shares at $90.055 per share on February 10, 2026.