Lefebure Thibault Pierre Marie 4
Accession 0001781335-26-000027
Filed
Feb 4, 7:00 PM ET
Accepted
Feb 5, 7:45 PM ET
Size
12.2 KB
Accession
0001781335-26-000027
Research Summary
AI-generated summary of this filing
Otis (OTIS) President Thibault Lefebure Receives Award
What Happened Thibault Lefebure, President of Otis EMEA, received vested equity awards in early February 2026 — primarily the vesting of performance share units (PSUs) and restricted stock units (RSUs) that converted into common stock. The filing shows 6,714 PSUs vested (at 82% of target) and 1,216 RSUs converted on Feb 3, 2026 (total = 7,930 shares). To satisfy tax withholding, 499 shares were withheld/disposed at $87.16 per share, generating $43,493. The filing also reports conversion/exercise-related activity for 315 shares on Feb 4, 2026 (reported as derivative activity at $0).
Key Details
- Transaction dates: Feb 3, 2026 (primary vesting/award conversions) and Feb 4, 2026 (conversion/exercise entries).
- Tax withholding: 499 shares disposed at $87.16 each → $43,493 reported.
- Shares from vesting: 6,714 PSUs (vested at 82% of target) + 1,216 RSUs = 7,930 shares reported as acquired.
- Additional entries: 315-share exercise/conversion reported on Feb 4 (derivative conversion reported at $0).
- Shares owned after the transactions: not specified in the provided excerpt of the filing.
- Footnotes of note:
- F1/F2: RSUs convert 1-for-1 and include dividend equivalents; they vest in three roughly equal annual installments.
- F3: A 2025 RSU grant had its first installment vest on the transaction date.
- F4: PSUs granted Feb 7, 2023 vested on the transaction date at 82% achievement of preestablished performance targets.
- Filing date: Feb 5, 2026; no late filing was indicated in the provided information.
Context This was primarily a vesting/award event (an acquisition of shares via RSU/PSU conversion), not an open-market purchase. The 499-share disposition was a routine tax-withholding/surrender to cover tax obligations, which is common when awards vest. The PSU/RSU conversions are derivative-to-common-stock events (reported with $0 cash consideration for the award conversions), and such vesting reflects prior compensation grants rather than new insider market buying or selling intent.
Insider Transaction Report
- Award
Common Stock
[F4]2026-02-03+1,216→ 5,539 total - Tax Payment
Common Stock
2026-02-03$87.16/sh−499$43,493→ 5,040 total - Exercise/Conversion
Common Stock
[F1]2026-02-04+315→ 5,355 total - Award
Restricted Stock Units
[F1][F2]2026-02-03+6,714→ 6,714 total→ Common Stock (6,714 underlying) - Exercise/Conversion
Restricted Stock Units
[F1][F3]2026-02-04−315→ 639 total→ Common Stock (315 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.
Signature
Issuer
Otis Worldwide Corp
CIK 0001781335
Related Parties
1- filerCIK 0002107340
Filing Metadata
- Form type
- 4
- Filed
- Feb 4, 7:00 PM ET
- Accepted
- Feb 5, 7:45 PM ET
- Size
- 12.2 KB