Otis Insider Filing: 2,092 RSUs Vest, 820 Shares Disposed at $88.58

Rhea-AI Filing Summary

Maria Cristina Mendez Echevarria, Executive Vice President & Chief Financial Officer of Otis Worldwide Corp (OTIS), reported insider transactions dated 08/23/2025. She had 2,092 Restricted Stock Units (RSUs) that converted into common stock on a one-for-one basis and the first installment of a 2024 RSU grant vested on that date. The filing also shows a disposition of 820 shares sold at $88.58. Following the reported transactions, the filing lists 4,566 shares of common stock beneficially owned and 4,193 derivative securities (RSUs) beneficially owned as of the report.

Positive

• RSU vesting confirmed: 2,092 RSUs converted one-for-one to common stock
• Detailed disclosure: Filing specifies grant date, vesting schedule, and inclusion of dividend equivalents
• Compliance: Exhibit 24 power of attorney and signature present indicating procedural completeness

Negative

• Share disposition: 820 shares were sold at $88.58, reducing beneficial holdings
• Outstanding RSUs remain: 4,193 derivative RSU positions still outstanding following the reported transactions

Insights

Securities Analyst

TL;DR: Routine executive RSU vesting combined with a partial sale; net insider position remains material.

The filing documents a scheduled vesting event from a 2024 RSU grant and a contemporaneous sale of 820 shares at an average price of $88.58. The RSUs convert one-for-one to common stock and include dividend equivalents. These transactions are consistent with compensation vesting and subsequent disposition activity rather than an extraordinary corporate event. The reporting shows 4,566 shares owned after transactions and 4,193 RSUs remaining.

Corporate Governance Expert

TL;DR: Disclosure is clear and complete for Section 16 reporting requirements; no regulatory red flags disclosed.

The Form 4 lists the reporting person’s role as EVP & CFO and provides specific transaction codes and amounts. It notes the RSU grant date (08/23/2024) and vesting schedule (three substantially equal annual installments) with the first installment vesting on 08/23/2025. The inclusion of an Exhibit 24 power of attorney and a signed filing indicate procedural compliance. No material omissions are evident within the document's content.

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

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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^*

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)
08/23/2025

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	08/23/2025		M		2,092	A	(1)	5,386	D
Common Stock	08/23/2025		F		820	D	$88.58	4,566	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)	08/23/2025		M			2,092	(2)	(2)	Common Stock	2,092	$0	4,193	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 August 23, 2024, 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.

Remarks:

Exhibit List: Exhibit 24 - Power of Attorney

	Toby Smith, Attorney-in-Fact	08/25/2025
	** 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 transactions did OTIS insider Maria Mendez Echevarria report on 08/23/2025?

The filing reports 2,092 RSUs vested and converted into common stock and a sale of 820 shares at $88.58 on 08/23/2025.

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

The Form 4 lists 4,566 shares of common stock beneficially owned following the reported transactions.

How many RSUs remain outstanding for the reporting person after the reported vesting?

The filing shows 4,193 derivative securities (RSUs) beneficially owned following the reported transactions.

What is the vesting schedule for the RSU grant referenced in the Form 4?

The RSU grant dated 08/23/2024 vests in three substantially equal annual installments, with the first installment vesting on 08/23/2025.

Did the filing indicate any special features of the RSUs?

Yes, the RSUs include the right to receive dividend equivalents which are credited as additional RSUs.