WALKER JOHN H 4

What Happened John H. Walker, a non-employee director of Otis Worldwide Corp (OTIS), was granted 4,805.683 deferred stock units (DSUs) on 2026-05-27. The grant is reported as a derivative acquisition (code A) with an implied per-unit value of $71.79, for a total reported value of $345,000. This award was made under the Board of Directors Deferred Stock Unit Plan as part of director compensation.

Key Details

• Transaction date: 2026-05-27; filing date: 2026-05-29 (filed within the typical 2-business-day window).
• Instrument: Deferred Stock Units (DSUs) — reported as a derivative acquisition (A).
• Quantity/value: 4,805.683 DSUs at $71.79 each, total $345,000.
• Shares owned after transaction: Not specified in the Form 4 filing.
• Footnote: DSUs are awarded under the Board Deferred Stock Unit Plan; they accrue dividend equivalents and convert into an equal number of common shares upon the director’s retirement or termination, paid either in lump sum or installments per the director’s election.
• Exhibit listed: Exhibit 24 — Power of Attorney.

Context This is an award of deferred compensation (DSUs) to a non-employee director, not an open-market purchase or sale. DSU grants are a routine way to pay and defer director fees and do not by themselves indicate current buying or selling sentiment. Upon conversion (typically at retirement/termination), the DSUs become actual shares.