Green Neil 4

What Happened

• Neil Green, EVP & Chief Digital Officer of Otis Worldwide (OTIS), had restricted stock units (RSUs) vest and convert into 1,293 shares of common stock (685 shares on Feb 6, 2026 and 608 shares on Feb 7, 2026). To satisfy tax withholding, 207 shares (on Feb 6) and 184 shares (on Feb 7) were withheld/disposed at $89.85 per share, totaling $18,599 and $16,532 respectively (total ~$35,131). Net new shares to Green = 1,293 − 391 = 902 shares.

Key Details

• Transaction dates: Feb 6, 2026 (685 shares converted; 207 withheld) and Feb 7, 2026 (608 shares converted; 184 withheld).
• Withholding price reported: $89.85 per share; total cash value withheld ≈ $35,131.
• Derivative conversion entries show $0.00 exercise price (RSUs convert 1:1 to common stock).
• Footnotes: F1—RSUs convert one-for-one and include dividend equivalents; F2—685 shares from a 2/6/2024 grant (second installment vested); F3—608 shares from a 2/7/2023 grant (final installment vested).
• Shares owned after the transactions: not specified in the provided filing excerpt.
• Timeliness: Filing dated Feb 10, 2026. The Feb 6 transaction appears to have been reported late (due by the second business day after the transaction); the Feb 7 transaction was filed within the two-business-day window.

Context

• These entries reflect routine RSU vesting and tax-withholding (not open-market sales). The withheld shares are a common method to satisfy tax obligations on vested equity and do not necessarily indicate a change in insider sentiment. The RSU conversions had no exercise price, so the economic effect was receipt of shares subject to tax withholding.