Armas Joseph Jay 4

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.