Loh Sally 4
4 · Otis Worldwide Corp · Filed Feb 5, 2026
Research Summary
AI-generated summary of this filing
Otis (OTIS) President Loh Sally Receives 15,799 Shares
What Happened
Loh Sally, President, Otis Greater China, received equity awards that resulted in a net acquisition of 15,799 Otis (OTIS) shares in transactions dated Feb 3–4, 2026. The Form 4 reports awards/vestings of 1,586 shares and 6,156 shares (RSU/award entries) and an 8,057-share derivative award (PSU vesting reported at $0.00). There are also two exercise/conversion entries of 2,528 shares on Feb 4 (one acquisition and one simultaneous disposition reported at $0.00), which net to zero. Reported prices for the awards/derivative transactions are $0.00 or N/A (typical for vesting/derivative settlements).
Key Details
- Transaction dates: Feb 3, 2026 (award/vesting) and Feb 4, 2026 (exercise/conversion). Form filed Feb 5, 2026.
- Reported share counts: 1,586; 6,156; 8,057 (awards/derivative); plus exercise/conversion entries of 2,528 acquired and 2,528 disposed (net zero). Total net shares acquired = 15,799.
- Prices/values: Awards/derivative entries reported as $0.00 or N/A on the Form 4 (common for vesting/derivative conversions). No cash proceeds reported for the disposition entry.
- Footnotes of note:
- RSUs convert one-for-one into common shares and include dividend equivalents (F1).
- RSUs generally vest in three substantially equal annual installments (F2); a prior RSU grant (Feb 4, 2025) had its first installment vest on the transaction date (F3).
- Two prior PSU awards (Feb 7, 2023 and Mar 1, 2023) vested on the transaction date after certification of performance at 82% of target (F4, F5).
- Shares owned after the transactions aren’t provided in the summary data supplied.
- Filing appears to have been submitted Feb 5, 2026 covering Feb 3–4 transactions (no indication in provided data that it was late).
Context
- RSUs and PSUs are compensation awards that convert into stock; vesting is an award event, not an open-market purchase or sale. PSUs pay out based on preestablished performance metrics (here certified at 82% of target).
- The paired exercise/conversion acquisition and $0.00 disposition of 2,528 shares likely reflect a conversion/settlement process (for example, share withholding or internal settlement) rather than a market sale, since no cash proceeds are reported.
- These transactions represent routine compensation vesting and performance-based payouts by the company and should be interpreted as awarded/vested equity rather than an independent investment decision by the insider.
Insider Transaction Report
Form 4
Loh Sally
President, Otis Greater China
Transactions
- Award
Common Stock
[F4]2026-02-03+1,586→ 33,931 total - Award
Common Stock
[F5]2026-02-03+6,156→ 40,087 total - Exercise/Conversion
Common Stock
[F1]2026-02-04+2,528→ 42,615 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 (5)
- [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.
- [F5]The acquisition of Otis common stock represents the vesting of performance share units (PSUs) previously awarded on March 1, 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