LaFreniere Nora E. 4

4 · Otis Worldwide Corp · Filed Feb 10, 2026

AI-generated summary of this filing

Updated Feb 10, 2026

Otis (OTIS) EVP & GC Nora LaFreniere Exercises RSUs, Sells Shares

What Happened

Nora E. LaFreniere, EVP and General Counsel of Otis Worldwide, had restricted stock units (RSUs) convert to common shares across Feb 6–10, 2026 and sold shares the same period. She converted a total of 8,344 RSUs (1,617 on Feb 6; 1,620 on Feb 7; 5,107 on Feb 10).
To cover taxes and for cash proceeds she disposed of a total of 32,099 shares: 616 shares (Feb 6) and 751 shares (Feb 7) were withheld/used to satisfy tax obligations at $89.85 each; on Feb 10 she disposed 3,314 shares to the issuer (reported at $90.38), sold 1,793 shares in the open market ($90.38 weighted avg), and sold a larger open-market block of 25,625 shares (weighted avg $90.38). Total reported proceeds from the disposals are about $2.90 million.
Overall this was largely sales associated with RSU vesting (routine/sell-to-cover and additional open-market sales), not an outright purchase.

Key Details

Transaction dates: Feb 6, 2026; Feb 7, 2026; Feb 10, 2026. Report filed Feb 10, 2026 (timely within reporting window).
Conversions: 1,617 (Feb 6), 1,620 (Feb 7), 5,107 (Feb 10). The Feb 10 conversion is reported at $58.66 per share (5,107 × $58.66 = $299,577).
Sales/withholding: 616 @ $89.85 (tax withholding), 751 @ $89.85 (tax withholding), 3,314 @ $90.38 (disposition to issuer), 1,793 @ $90.38 (open-market), 25,625 @ $90.38 (open-market). The open-market sale prices ranged $90.21–$90.55; $90.38 is the weighted average reported.
Shares owned after the transactions: not stated in the provided Form 4 data.
Relevant footnotes: F1—RSUs convert one-for-one and include dividend equivalents; F2/F3—the Feb 6 and Feb 7 conversions reflect scheduled RSU vesting installments; F4—sales occurred in multiple trades within $90.21–$90.55 (weighted avg shown).
Filing timeliness: Form 4 was filed on Feb 10, 2026 and covers transactions dated Feb 6–10, 2026; the filing appears timely.

Context

These entries reflect RSU vesting with immediate share conversion and contemporaneous share disposals (tax-withholding/sell-to-cover plus additional open-market sales). That pattern is common when RSUs vest and does not, by itself, indicate a change in the insider’s view of the company.
For retail investors, purchases are typically more informative about insider conviction; this filing documents vested-equity conversions and sales to cover taxes and raise cash rather than new purchases.

Form 4

Period: 2026-02-06

EVP, General Counsel

Transactions

Exercise/Conversion
Common Stock
[F1]
2026-02-06+1,617→ 39,252 total
Tax Payment
Common Stock
2026-02-06$89.85/sh−616$55,348→ 38,636 total
Exercise/Conversion
Common Stock
[F1]
2026-02-07+1,620→ 40,256 total
Tax Payment
Common Stock
2026-02-07$89.85/sh−751$67,477→ 39,505 total
Exercise/Conversion
Common Stock
2026-02-10$58.66/sh+5,107$299,577→ 44,612 total
Disposition to Issuer
Common Stock
2026-02-10$90.38/sh−3,314$299,519→ 41,298 total
Sale
Common Stock
2026-02-10$90.38/sh−1,793$162,051→ 39,505 total
Sale
Common Stock
[F4]
2026-02-10$90.38/sh−25,625$2,315,875→ 13,880 total
Exercise/Conversion
Restricted Stock Units
[F1][F2]
2026-02-06−1,617→ 1,629 total
→ Common Stock (1,617 underlying)
Exercise/Conversion
Restricted Stock Units
[F1][F3]
2026-02-07−1,620→ 0 total
→ Common Stock (1,620 underlying)
Exercise/Conversion
Stock Appreciation Rights
2026-02-10−5,107→ 0 total
Exercise: $58.66From: 2020-01-03Exp: 2027-01-02→ Common Stock (5,107 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]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.
[F4]The shares sold in multiple trades at prices ranging from $90.21 to $90.55. The price reported above reflects the weighted average sale price. The reporting person undertakes to provide the registrant, any security holder of the registrant, or the SEC staff, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.

Signature

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

1 file