Loh Sally 4

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.