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Otis Worldwide Corp·4

Feb 5, 7:45 PM ET

Lefebure Thibault Pierre Marie 4

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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.