Lefebure Thibault Pierre Marie 4
4 · Otis Worldwide Corp · Filed Feb 10, 2026
Research Summary
AI-generated summary of this filing
Otis (OTIS) President Lefebure Converts RSUs, Sells Shares for Tax
What Happened
Lefebure Thibault Pierre Marie, President of Otis EMEA, had RSUs vest and convert into common stock on Feb 6–7, 2026. A total of 478 RSUs converted into 478 shares (224 on Feb 6 and 254 on Feb 7). To satisfy tax withholding, 92 shares were withheld on Feb 6 (proceeds $8,266) and 105 shares were withheld on Feb 7 (proceeds $9,434), for a combined cash amount of $17,700. The remaining vested shares were retained (net increase from this vesting event: 281 shares).
Key Details
- Transaction dates: Feb 6, 2026 and Feb 7, 2026.
- Withholding/share-sale price: $89.85 per share; withheld shares: 92 ($8,266) and 105 ($9,434), total $17,700.
- Gross RSUs converted: 224 (Feb 6) + 254 (Feb 7) = 478 shares; net added to ownership after withholding: 281 shares.
- Footnotes: F1—RSUs convert one-for-one to common stock and include dividend equivalents. F2—224 shares came from a 2/6/2024 RSU grant (second installment vested). F3—254 shares came from a 2/7/2023 RSU grant (final installment vested).
- Filing: Report filed Feb 10, 2026; filing appears to report the Feb 6–7 transactions.
Context
This was a routine RSU vesting event with shares withheld to cover tax obligations (code F), not an open-market investment decision. For retail investors, tax-withholding disposals typically do not signal the insider taking a directional market view; they are administrative actions related to compensation.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1]2026-02-06+224→ 5,579 total - Tax Payment
Common Stock
2026-02-06$89.85/sh−92$8,266→ 5,487 total - Exercise/Conversion
Common Stock
[F1]2026-02-07+254→ 5,741 total - Tax Payment
Common Stock
2026-02-07$89.85/sh−105$9,434→ 5,636 total - Exercise/Conversion
Restricted Stock Units
[F1][F2]2026-02-06−224→ 232 total→ Common Stock (224 underlying) - Exercise/Conversion
Restricted Stock Units
[F1][F3]2026-02-07−254→ 0 total→ Common Stock (254 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.