Mendez Echevarria Maria Cristina 4

4 · Otis Worldwide Corp · Filed Feb 5, 2026

AI-generated summary of this filing

Updated Feb 6, 2026

Otis (OTIS) CFO Maria Mendez Echevarria Receives Awards, Sells Shares

What Happened

Maria Cristina Mendez Echevarria, EVP & CFO of Otis Worldwide (OTIS), had equity awards vest and converted derivative securities into common stock on Feb 3–4, 2026. The filing shows grants/awards and conversions that resulted in acquisitions of shares and the disposition of shares to satisfy tax withholding: 641 shares withheld at $87.16 (proceeds $55,870) and 1,699 shares withheld at $90.37 (proceeds $153,539), a total of 2,340 shares withheld for taxes (~$209,409). The filing also reports grant/award entries of 1,639 shares (Feb 3) and 14,771 shares (reported as derivative/PSU award), and conversion/exercise of 4,333 derivative shares on Feb 4.

Key Details

Transaction dates and prices:
- Feb 3, 2026: Grant/acquisition of 1,639 shares (award/RSU).
- Feb 3, 2026: Grant/acquisition of 14,771 shares (PSU award; recorded as derivative).
- Feb 3, 2026: 641 shares withheld to cover taxes at $87.16 (disposed; $55,870).
- Feb 4, 2026: Conversion/exercise of 4,333 derivative shares (acquired).
- Feb 4, 2026: 1,699 shares withheld to cover taxes at $90.37 (disposed; $153,539).
Shares withheld for taxes: 2,340 shares total; cash value of withholdings ≈ $209,409.
Shares owned after the transactions: not specified in the provided filing excerpt.
Footnotes of note:
- RSUs convert one-for-one to common stock and include dividend equivalents (F1).
- RSUs vest in three substantially equal annual installments beginning on the first anniversary of the grant (F2,F3).
- The reported PSUs (granted Feb 7, 2023) vested upon meeting 3‑year performance targets at 82% of target; those PSUs converted to common stock on the Transaction Date (F4).
Timeliness: Filing dated Feb 5, 2026 for Feb 3–4 transactions — appears timely based on the provided dates.

Context

These transactions are routine compensation events: RSUs and performance share units vested and converted to common stock, and a portion of the shares were surrendered/withheld to cover tax liabilities (a common practice, not an open‑market sale). No open‑market purchases or discretionary sales by the insider are reported in this filing.

Form 4

Period: 2026-02-03

EVP & CFO

Transactions

Award
Common Stock
[F4]
2026-02-03+1,639→ 6,874 total
Tax Payment
Common Stock
2026-02-03$87.16/sh−641$55,870→ 6,233 total
Exercise/Conversion
Common Stock
[F1]
2026-02-04+4,333→ 10,566 total
Tax Payment
Common Stock
2026-02-04$90.37/sh−1,699$153,539→ 8,867 total
Award
Restricted Stock Units
[F1][F2]
2026-02-03+14,771→ 14,771 total
→ Common Stock (14,771 underlying)
Exercise/Conversion
Restricted Stock Units
[F1][F3]
2026-02-04−4,333→ 8,676 total
→ Common Stock (4,333 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