Otis Worldwide Corp. executive reports routine equity transaction. The company’s SVP, CAO & Controller filed a Form 4 for activity on 12/03/2025. The filing shows the exercise of 23 restricted stock units (RSUs) into common stock at a reference price of $86.94 per share, followed by the disposition of 23 common shares at the same price to cover taxes. After these transactions, the executive directly owns 2,648 common shares and 664 RSUs.
The RSUs convert into common stock on a one-for-one basis and accrue dividend equivalents as additional RSUs. The filing notes that the tax-related share reduction is tied to the executive qualifying for retirement treatment under an award granted on February 6, 2024. It also corrects an earlier administrative omission of 20 shares from a prior report’s beneficial ownership total.
Otis Worldwide (OTIS) insider activity: the company’s SVP, CAO & Controller reported transactions on 11/05/2025. The executive exercised 10,000 stock appreciation rights at an exercise price of $63.92, receiving 10,000 common shares. On the same date, the filer disposed of 6,972 shares at $91.67 and separately sold 3,028 shares at a weighted average price of $91.6932.
Following these transactions, the filer directly owns 2,628 shares. The sale price range for the weighted average transaction was disclosed, and detailed trade breakdowns are available upon request.
Otis Worldwide (OTIS) filed a Form 144 notice of proposed sale. The filer plans to sell 3,028 common shares with an aggregate market value of $277,570, through UBS Financial Services on the NYSE, with an approximate sale date of 11/05/2025.
The shares were acquired on 11/05/2025 via a stock appreciation right (SAR) exercise, with payment by wire. The Form 144 lists total shares outstanding at 404,322,811.
Otis Worldwide (OTIS) insider activity: The President, Otis EMEA, reported RSU vesting and share withholding on 11/01/2025. Two RSU tranches converted to common stock via code M: 2,732 shares and 16,845 shares. To cover taxes, shares were withheld/disposed via code F: 1,285 shares at $92.76 and 7,918 shares at $92.76.
Following the reported transactions, the officer directly beneficially owned 21,849 shares of common stock. The RSUs convert on a one-for-one basis and accrue dividend equivalents as additional RSUs, with grants from November 1, 2023 vesting in scheduled installments.
Otis Worldwide Corporation reported Q3 2025 results with net sales of $3.69 billion, up from $3.55 billion, driven by higher service sales ($2.43B vs $2.24B) offsetting lower product sales ($1.26B vs $1.31B). Operating profit rose to $586 million from $363 million, while net income attributable to Otis was $374 million versus $540 million, reflecting higher income tax expense and interest expense versus a prior-year benefit.
Diluted EPS was $0.95 compared with $1.34. For the first nine months, sales were $10.64 billion and diluted EPS was $2.55 (vs $10.59 billion and $3.23). Cash and cash equivalents were $840 million, down from $2.30 billion at year-end, after repaying $1.3 billion notes due 2025, issuing $500 million notes due 2035 at 5.131%, paying $483 million in dividends, and repurchasing $800 million of shares (8.6 million YTD; 2.8 million in Q3 for $247 million). Remaining performance obligations were about $19.0 billion, with roughly 75% expected to convert to sales over the next 24 months.
Otis Worldwide Corporation reported that it furnished a press release announcing its third quarter 2025 results. The press release, dated October 29, 2025, is included as Exhibit 99 and is furnished, not filed, under the Exchange Act. The company’s common stock trades on the NYSE under OTIS, alongside certain listed notes. The report is signed by Executive Vice President and Chief Financial Officer Cristina Méndez.
Maria Cristina Mendez Echevarria, Executive Vice President & Chief Financial Officer of Otis Worldwide Corp (OTIS), reported equity transactions on 10/02/2025. She received 1,099 restricted stock units (RSUs) that converted to 1,099 common shares upon vesting and now holds 3,316 shares in total. Separately, she disposed of 430 common shares in an open-market sale at a price of $92.24 per share, leaving 5,235 beneficially owned shares recorded after the sale. The filing states the RSUs carry dividend equivalents and that one installment of the RSU grant vested on the transaction date under a multi-year vesting schedule.
Otis Worldwide Corporation issued $500 million of 5.131% senior unsecured notes due 2035. The notes were sold under an existing shelf registration and detailed in a prospectus supplement dated September 2, 2025.
Otis expects net proceeds of about $495.2 million. It plans to use part of this to repay its 0.370% notes due March 18, 2026, of which ¥21.5 billion (approximately $147 million as of June 30, 2025) is outstanding, and to repay some commercial paper borrowings, with any remainder for general corporate purposes.
The notes pay interest at 5.131% per year, with payments on March 4 and September 4, starting March 4, 2026, and mature on September 4, 2035. Otis may redeem them at a make-whole price before June 4, 2035 and at par plus interest on or after that date. Holders can require Otis to repurchase the notes at 101% plus interest if a defined change of control triggering event occurs. The indenture includes customary covenants limiting additional liens, fundamental changes and sale-leaseback transactions, and sets standard events of default.
JPMorgan Chase & Co. reports beneficial ownership of 9,490,997 shares of Otis Worldwide common stock, representing 2.4% of the class. The filing breaks down voting and dispositive powers: sole voting power on 8,073,891 shares and shared voting power on 126,740 shares; sole dispositive power on 9,412,172 shares and shared dispositive power on 68,936 shares. The statement indicates these securities are held in the ordinary course of business and not for the purpose of changing control. Several J.P. Morgan affiliates and subsidiaries are identified as entities through which holdings are held, including trust, securities, banking and asset management entities.
Gosk Kimberly Shannon, EVP & CPO of Otis Worldwide Corp (OTIS), was granted 2,750 restricted stock units (RSUs) on 09/02/2025. The RSUs convert one-for-one into common stock and include dividend equivalents credited as additional RSUs. Following the grant, Ms. Shannon beneficially owns 2,750 shares attributable to these RSUs. The RSUs vest in three substantially equal annual installments beginning on the first anniversary of the grant. The reported grant shows a price of $0 and the Form 4 was signed by an attorney-in-fact on 09/03/2025.