Gosk Kimberly Shannon 4
4 · Otis Worldwide Corp · Filed Feb 5, 2026
Research Summary
AI-generated summary of this filing
Otis (OTIS) EVP Kimberly Gosk Receives Award; Shares Withheld
What Happened
Kimberly Shannon Gosk, EVP & Chief People Officer of Otis Worldwide (OTIS), received equity awards that converted into common stock on Feb 3–4, 2026. The filing shows a total of 7,599 shares acquired through RSU/PSU vesting and conversion (1,559 RSUs from a 2025 grant + 5,595 PSUs from a 2023 award + 445 converted derivative units). To satisfy tax withholding obligations, 674 shares were surrendered (disposed) — 543 shares at $87.16 (valued at $47,328) and 131 shares at $90.37 (valued at $11,838) — for a total withholding value of $59,166. These transactions are award/vesting events (not open‑market purchases or discretionary sales).
Key Details
- Transaction dates: Feb 3–4, 2026; Form 4 filed Feb 5, 2026 (appears timely).
- Awards/Conversions: 1,559 RSUs (from 2025 grant), 5,595 PSUs (vested from 2/7/2023 award at 82% performance), plus conversion of 445 derivative units to common stock.
- Tax withholding (code F): 543 shares @ $87.16 = $47,328 (2/3/2026); 131 shares @ $90.37 = $11,838 (2/4/2026); total withheld = 674 shares / $59,166.
- Net new shares to insider: ~6,925 shares (7,599 acquired − 674 withheld).
- Footnotes: RSUs convert one‑for‑one and include dividend equivalents; RSUs vest in three substantially equal annual installments; PSUs vested upon achieving 3‑year targets at 82% performance.
- Shares owned after transaction: not specified in the provided filing details.
Context
These transactions are routine award vesting and derivative conversions rather than open‑market buying or selling; the only shares surrendered were for tax withholding (common in equity compensation). The PSU portion vested based on preestablished performance metrics (certified at 82%). Such award‑based filings typically reflect compensation realization, not an expressed view to buy or sell additional stock.
Insider Transaction Report
- Award
Common Stock
[F4]2026-02-03+1,559→ 7,247 total - Tax Payment
Common Stock
2026-02-03$87.16/sh−543$47,328→ 6,704 total - Exercise/Conversion
Common Stock
[F1]2026-02-04+445→ 7,149 total - Tax Payment
Common Stock
2026-02-04$90.37/sh−131$11,838→ 7,018 total - Award
Restricted Stock Units
[F1][F2]2026-02-03+5,595→ 5,595 total→ Common Stock (5,595 underlying) - Exercise/Conversion
Restricted Stock Units
[F1][F3]2026-02-04−445→ 899 total→ Common Stock (445 underlying)
Footnotes (4)
- [F1]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.
- [F2]RSUs vest in three substantially equal annual installments beginning on the first anniversary of the Transaction Date.
- [F3]On February 4, 2025, 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.
- [F4]The acquisition of Otis common stock represents the vesting of performance share units (PSUs) previously awarded on February 7, 2023. Each PSU has a value equal to one share of Otis common stock. These PSUs vested on the Transaction Date upon the achievement of the 3-year cycle preestablished performance targets. The performance criteria were certified to be achieved at the 82% level.