Otis (NYSE: OTIS) director granted new deferred stock units as board compensation

Rhea-AI Filing Summary

Otis Worldwide Corp director John H. Walker reported receiving a grant of deferred stock units as part of his compensation for service as a non-employee director. On May 27, 2026, he was awarded 4,805.683 deferred stock units, each tied to Otis common stock.

These units were granted under the Board of Directors Deferred Stock Unit Plan, which allows directors to take a portion or all of their annual compensation in deferred stock units. Upon retirement or termination, the units convert on a one-for-one basis into shares of common stock, which can be distributed in a lump sum or in installments. Following this grant, Walker’s deferred stock unit balance increased to 34,456.943 units, and the units also accrue dividend equivalents over time.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider WALKER JOHN H

Role null

Type	Security	Shares	Price	Value
Grant/Award	Deferred Stock Units	4,805.683	$71.79	$345K

Holdings After Transaction: Deferred Stock Units — 34,456.943 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Deferred stock units granted: 4,805.683 units Reference price per unit: $71.7900 per unit Deferred stock units after grant: 34,456.943 units +2 more

5 metrics

Deferred stock units granted 4,805.683 units Awarded on May 27, 2026 to director John H. Walker

Reference price per unit $71.7900 per unit Transaction price per deferred stock unit on grant date

Deferred stock units after grant 34,456.943 units Total deferred stock unit holdings following the transaction

Underlying common stock 4,805.683 shares One Otis common share for each deferred stock unit granted

Conversion price $0.0000 Deferred stock units convert into common shares without additional payment

Key Terms

Deferred Stock Units, dividend equivalents, non-employee director, Grant, award, or other acquisition

4 terms

Deferred Stock Units financial

"The reporting person acquired these deferred stock units (DSUs) under the Board of Directors Deferred Stock Unit Plan"

Deferred stock units are promises from a company to give an employee shares of stock at a future date, often after certain conditions are met or after leaving the company. They function like a form of delayed compensation, allowing employees to earn shares over time. For investors, they represent potential future ownership in the company, but do not provide immediate voting rights or dividends until the shares are actually received.

dividend equivalents financial

"Upon retirement or termination, the DSUs ... are converted ... DSUs accrue dividend equivalents."

Payments tied to employee or contractor equity awards that mirror the cash dividends paid on the company’s stock; they give the holder the same economic benefit as owning the shares without transferring actual shares—often paid in cash or additional award units when the award becomes payable. Investors care because these payments affect a company’s compensation costs, cash flow and potential share dilution, and they signal how management is being rewarded and aligned with shareholders.

non-employee director financial

"under the Board of Directors Deferred Stock Unit Plan (the Plan) for service as a non-employee director."

Grant, award, or other acquisition financial

"transaction_code_description: Grant, award, or other acquisition"

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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^*

WALKER JOHN H

(Last) (First) (Middle)

1 CARRIER PLACE

(Street)

FARMINGTON CONNECTICUT 06032

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Otis Worldwide Corp [ OTIS ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/27/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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

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
Deferred Stock Units	(1)	05/27/2026		A		4,805.683		(1)	(1)	Common Stock	4,805.683	$71.79	34,456.943	D

Explanation of Responses:

1. The reporting person acquired these deferred stock units (DSUs) under the Board of Directors Deferred Stock Unit Plan (the Plan) for service as a non-employee director. The Plan provides for payment of a portion or all of the annual director compensation in DSUs. Upon retirement or termination, the DSUs in the director's account under the Plan are converted into an equal number of shares of common stock that, at the director's previous election, are distributed either in a lump-sum or in installments. DSUs accrue dividend equivalents.

Remarks:

Exhibit List: Exhibit 24 - Power of Attorney

	Susan Grady, Attorney-in-Fact	05/29/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What did Otis (OTIS) director John H. Walker report on this Form 4?

John H. Walker reported receiving a grant of deferred stock units as part of his non-employee director compensation. He was awarded 4,805.683 deferred stock units linked to Otis common stock on May 27, 2026, increasing his deferred stock unit holdings under the company’s director plan.

How many deferred stock units did the Otis (OTIS) director receive?

The director received 4,805.683 deferred stock units on May 27, 2026. These units were granted under Otis’s Board of Directors Deferred Stock Unit Plan and represent future rights to an equal number of common shares, rather than an immediate cash or stock purchase transaction in the market.

What is the purpose of the Otis (OTIS) Board of Directors Deferred Stock Unit Plan?

The plan allows non-employee directors to receive a portion or all of their annual compensation in deferred stock units. These units convert into an equal number of Otis common shares upon the director’s retirement or termination, with distributions made as a lump sum or in installments, and they accrue dividend equivalents.

How many deferred stock units does the Otis (OTIS) director hold after this grant?

After the May 27, 2026 grant, John H. Walker holds a total of 34,456.943 deferred stock units. This represents his accumulated compensation taken in stock unit form under the director plan, all of which are ultimately convertible into the same number of Otis common shares in the future.

Do the Otis (OTIS) deferred stock units pay dividends to the director?

The deferred stock units themselves do not pay cash dividends directly, but they accrue dividend equivalents. This means that when Otis pays dividends on its common stock, equivalent value is credited to the director’s deferred stock unit account, to be reflected when units are converted and distributed.