LaFreniere Nora E. 4

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.