LaFreniere Nora E. 4

4 · Otis Worldwide Corp · Filed Feb 5, 2026

AI-generated summary of this filing

Updated Feb 6, 2026

Otis (OTIS) EVP Nora LaFreniere Receives Awards, Sells Shares for Taxes

What Happened

Nora E. LaFreniere, EVP & General Counsel of Otis Worldwide (OTIS), had performance share units (PSUs) and restricted stock units (RSUs) vest/convert into common stock on Feb 3–4, 2026. The filing shows awards and conversions totaling multiple grants and conversions (see Key Details). To cover tax withholding obligations, 2,557 shares were withheld/sold on Feb 3 at $87.16 ($222,868) and 793 shares were withheld/sold on Feb 4 at $90.37 ($71,663), totaling 3,350 shares and ~$294,531 in proceeds.

Key Details

Transaction dates/prices:
- Feb 3, 2026: Award/acquisition of 7,931 shares (vesting/conversion of PSUs) (code A).
- Feb 3, 2026: Tax withholding (code F) — 2,557 shares disposed at $87.16 = $222,868.
- Feb 3, 2026: Award/acquisition of 8,057 RSU-related derivative units (reported as $0.00 in filing).
- Feb 4, 2026: Conversion/exercise of derivative units (code M) — 2,528 shares acquired.
- Feb 4, 2026: Tax withholding (code F) — 793 shares disposed at $90.37 = $71,663.
- Feb 4, 2026: A related derivative disposal of 2,528 units reported at $0.00 (derivative conversion reporting).
Total shares withheld/disposed for tax: 3,350 shares; total proceeds reported ≈ $294,531.
Shares owned after the transaction: Not specified in the filing.
Footnotes of note:
- RSUs convert one-for-one to common stock and include dividend equivalents (F1).
- RSUs vest in three substantially equal annual installments; the first installment vested on the transaction date (F2, F3).
- PSUs awarded Feb 7, 2023 vested on the transaction date at 82% of target and converted to common stock (F4).
Filing timeliness: Report filed Feb 5, 2026 for transactions on Feb 3–4, 2026 (appears to be filed within the standard two-business-day window).

Context

The disposals here are tax-withholding actions (code F), which are routine when RSUs/PSUs vest; they do not necessarily indicate a market-direction view by the insider.
The filing shows vesting/conversion of equity awards (RSUs/PSUs) rather than an open-market purchase or a voluntary sale for investment purposes.

Form 4

Period: 2026-02-03

EVP, General Counsel

Transactions

Award
Common Stock
[F4]
2026-02-03+7,931→ 38,457 total
Tax Payment
Common Stock
2026-02-03$87.16/sh−2,557$222,868→ 35,900 total
Exercise/Conversion
Common Stock
[F1]
2026-02-04+2,528→ 38,428 total
Tax Payment
Common Stock
2026-02-04$90.37/sh−793$71,663→ 37,635 total
Award
Restricted Stock Units
[F1][F2]
2026-02-03+8,057→ 8,057 total
→ Common Stock (8,057 underlying)
Exercise/Conversion
Restricted Stock Units
[F1][F3]
2026-02-04−2,528→ 5,060 total
→ Common Stock (2,528 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

Susan Grady, Attorney-in-Fact|2026-02-05

1 file