Loh Sally 4

What Happened

• Sally Loh, President, Otis Greater China, had RSUs vest and convert into common stock: 1,570 shares on Feb 6, 2026 and 330 shares on Feb 7, 2026, for a total of 1,900 shares. The Form 4 shows the derivative securities (RSUs) converted/exercised (transaction code M) and the underlying shares issued; no cash proceeds were reported (dispositions at $0). This is a vesting/settlement event, not an open-market purchase or sale.

Key Details

• Transaction dates and amounts:
  • Feb 6, 2026: 1,570 RSUs converted to 1,570 common shares (Acquired: 1,570; Disposed as derivative: 1,570 at $0).
  • Feb 7, 2026: 330 RSUs converted to 330 common shares (Acquired: 330; Disposed as derivative: 330 at $0).
• Total shares received: 1,900 common shares.
• Report filed: Feb 10, 2026 — filing appears timely (within the two business-day Form 4 deadline).
• Shares owned after transaction: not disclosed in the supplied filing details.
• Footnotes: F1 notes RSUs convert one-for-one to common stock and include dividend equivalents credited as additional RSUs. F2 and F3 state these were scheduled vesting installments from grants made Feb 6, 2024 (second installment vested) and Feb 7, 2023 (final installment vested), respectively.
• No 10b5-1 plan, tax‑withholding sale, or cash proceeds are indicated in the provided notes.

Context

• These entries reflect RSU vesting/settlement (derivative conversion) rather than a market buy or sale. The $0 disposal entries reflect cancellation/conversion of the RSU derivative, not a taxable sale or cashless exercise that generated proceeds. Vesting events are common compensation occurrences and do not by themselves indicate the insider’s market view.