Otis Worldwde SEC Filings

Otis Worldwide Corporation presents its 2026 proxy, combining strong 2025 execution with detailed governance and compensation disclosures. In 2025, sales were $14.4 billion, with Service organic sales up 5% and modernization organic sales up 9%. Modernization orders rose 26% and backlog increased 30% at constant currency, while the maintenance portfolio grew 4% to about 2.5 million units, reinforcing recurring revenue.

GAAP EPS was $3.50, down 14%, and adjusted EPS was $4.05, up 6%. Otis generated $1.6 billion of operating cash flow and adjusted free cash flow, raised its quarterly dividend by 8%, and returned about $1.45 billion via dividends and share repurchases.

The 2026 virtual annual meeting on May 27, 2026 will ask shareholders to elect 10 director nominees, approve an advisory vote on executive compensation, ratify PricewaterhouseCoopers LLP as 2026 auditor, and consider one shareholder proposal that the Board recommends voting against.

The Vanguard Group filed Amendment No. 2 to a Schedule 13G/A reporting its position in Otis Worldwide Corp. The filing states amount beneficially owned: 0 and percent of class: 0%. It explains an internal realignment effective January 12, 2026, that led certain Vanguard subsidiaries to report separately.

Otis Worldwide Corp reported that Nicolas Eduardo Lopez, President of Otis Asia Pacific, received an award of 4,685 Restricted Stock Units (RSUs) on the reported transaction date. The RSUs were granted at a price of $0.00 per unit as part of his equity compensation.

Each RSU converts into one share of Otis common stock and includes the right to receive dividend equivalents credited as additional RSUs. The award vests in three substantially equal annual installments beginning on the first anniversary of the transaction date, so the value to the executive depends on future share price and continued service.

Otis Worldwide President, Otis Greater China, Sally Loh reported equity award activity involving restricted stock units and common shares. On March 1, 2026, 1,256 restricted stock units were exercised and converted into 1,256 shares of common stock at a stated price of $0.00 per share.

In a related tax-withholding disposition, 264 common shares were delivered at $92.56 per share to satisfy tax obligations tied to this vesting and conversion. After these transactions, Loh directly owned 45,507 shares of Otis Worldwide common stock. The RSUs were part of a March 1, 2023 grant that vested in three substantially equal annual installments, with the third and final installment vesting on the transaction date.

Otis Worldwide Corp executive Nicolas Eduardo Lopez, President of Otis Asia Pacific, filed an initial ownership report showing his equity-based holdings in the company. The filing lists 4,444 shares of common stock held directly.

He also holds several awards of Restricted Stock Units (RSUs), which each convert into common stock on a one-for-one basis and accrue dividend equivalents. These RSUs total 1,298 units from a grant dated February 3, 2026, 885 units from a February 4, 2025 grant, and 291 units from a February 6, 2024 grant, with various multi‑year vesting schedules.

In addition, Lopez holds Stock Appreciation Rights (SARs), including 3,125 SARs from a February 6, 2024 grant and 682 SARs from a February 7, 2023 grant. Portions of these SARs are already exercisable, while the remaining amounts are scheduled to become exercisable on future anniversaries of their grant dates.

Otis Worldwide Corporation and its Luxembourg subsidiary Highland Holdings S.à r.l. have filed a shelf registration on Form S-3 that allows them to offer and sell various securities over time. Otis may issue common stock, debt securities, preferred stock, units and warrants, and certain selling securityholders may also resell Otis securities under this framework.

Highland may issue debt securities that will be fully and unconditionally guaranteed on an unsecured, unsubordinated basis by Otis. The specific terms, pricing and intended use of any net proceeds will be described in future prospectus supplements. Investors are directed to Otis’ incorporated Form 10-K and other Exchange Act reports for summarized financial information, detailed risk factors and additional disclosures that will automatically update this base prospectus.

Otis Worldwide Corporation is registering 251,914 shares of common stock for issuance under its 2020 Long-Term Incentive Plan. These shares may be issued to plan participants when equity-based awards, such as stock options or other awards, are settled on or after the prospectus date.

The registration specifically covers awards granted under the plan to certain former United Technologies employees and related permitted transferees, rather than current Otis or Carrier insiders. Any cash Otis receives from the exercise of stock options under the plan will be used for general corporate purposes.

Otis Worldwide Corp executive Stephane de Montlivault, President, Otis Asia Pacific, reported an open-market sale of common stock. On February 12, 2026, he sold 47,944 shares of Otis common stock at a weighted average price of $92.2547 per share.

The sale was executed in multiple trades at prices ranging from $92.0300 to $92.5450. After these transactions, de Montlivault directly beneficially owns 29,176 Otis shares, according to the filing.

A shareholder of Otis Worldwide (OTIS) has filed a Rule 144 notice to sell 47,944 shares of common stock through UBS Financial Services Inc. on the NYSE, with an aggregate market value of $4,423,313. The filing lists 388,720,773 common shares outstanding at the time of the notice.

The shares proposed for sale were acquired through restricted stock unit (RSU) vestings on multiple dates, including 20,842 shares on February 6, 2024, 20,599 shares on June 1, 2023, and 6,503 shares on February 4, 2023, all settled by wire payment. The approximate sale date indicated is February 12, 2026, and the signer represents they are not aware of undisclosed material adverse information about Otis.