Armas Joseph Jay 4

4 · Otis Worldwide Corp · Filed Feb 10, 2026

AI-generated summary of this filing

Updated Feb 10, 2026

Otis (OTIS) President Joseph Jay Receives 515 RSU Shares (128 Withheld)

What Happened

Joseph Jay, President of Otis Americas, had RSUs vest on Feb 6 and Feb 7, 2026 converting into 283 and 232 shares respectively (total 515 shares acquired).
To cover tax withholding, 70 shares were withheld on Feb 6 and 58 on Feb 7 at $89.85 per share, generating $6,290 and $5,211 respectively (total withheld value $11,501). Net shares issued to Jay = 515 − 128 = 387 shares.
These transactions reflect routine RSU vesting and tax-withholding activity rather than an open‑market purchase or sale.

Key Details

Transaction dates: Feb 6, 2026 (283 RSUs vested; 70 shares withheld) and Feb 7, 2026 (232 RSUs vested; 58 shares withheld).
Withholding price: $89.85 per share; total cash value of shares withheld = $11,501.
Shares reported acquired (from RSU conversion): 515. Shares disposed/withheld for tax: 128. Net shares retained: 387.
Footnotes: F1–F3 indicate these were restricted stock units that convert 1-for-1 and include dividend equivalents; the vesting installments cited in the footnotes explain why the Feb 6 and Feb 7 installments vested on those dates.
Filing: Form 4 filed Feb 10, 2026. This appears to be within the normal 2-business-day reporting window.

Context

The "M" entries reflect conversion/exercise of RSU/derivative awards into common stock; the "F" entries indicate shares were withheld to satisfy tax obligations (a common net-share settlement). No open-market sale of additional shares was reported.
This is routine vesting/tax withholding activity and does not, by itself, imply a buy or sell signal about company stock.

Form 4

Period: 2026-02-06

President, Otis Americas

Transactions

Exercise/Conversion
Common Stock
[F1]
2026-02-06+283→ 1,627.377 total
Tax Payment
Common Stock
2026-02-06$89.85/sh−70$6,290→ 1,557.377 total
Exercise/Conversion
Common Stock
[F1]
2026-02-07+232→ 1,789.377 total
Tax Payment
Common Stock
2026-02-07$89.85/sh−58$5,211→ 1,731.377 total
Exercise/Conversion
Restricted Stock Units
[F1][F2]
2026-02-06−283→ 291 total
→ Common Stock (283 underlying)
Exercise/Conversion
Restricted Stock Units
[F1][F3]
2026-02-07−232→ 0 total
→ Common Stock (232 underlying)

Footnotes (3)

[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]On February 6, 2024, the reporting person was granted RSUs vesting in three substantially equal annual installments beginning on the first anniversary of the grant date. The second installment vested on the Transaction Date.
[F3]On February 7, 2023, the reporting person was granted RSUs vesting in three substantially equal annual installments beginning on the first anniversary of the grant date. The last installment vested on the Transaction Date.

Signature

Susan Grady, Attorney-in-Fact|2026-02-10

1 file