de Montlivault Stephane 4

What Happened

• Stephane de Montlivault, President, Otis Asia Pacific, had restricted stock units (RSUs) vest and converted (exercise/conversion of a derivative) into 1,472 shares on Feb 6, 2026 and 1,620 shares on Feb 7, 2026, for a total of 3,092 shares. The filing shows the acquired share entries with price N/A and corresponding derivative disposition entries reported at $0.00 — indicating conversion/settlement of RSUs rather than an open‑market sale for cash.

Key Details

• Transaction dates and reported values:
  • Feb 6, 2026: 1,472 shares acquired (conversion); disposition entry shown at $0.00 (derivative).
  • Feb 7, 2026: 1,620 shares acquired (conversion); disposition entry shown at $0.00 (derivative).
• Shares owned after transaction: Not stated in the provided filing excerpt.
• Relevant footnotes:
  • F1: RSUs convert one-for-one into common stock and include dividend equivalents credited as additional RSUs.
  • F2: 2024 RSU grant (vested in three annual installments); the second installment vested on Feb 6, 2026.
  • F3: 2023 RSU grant (vested in three annual installments); the final installment vested on Feb 7, 2026.
• Filing timeliness: Form 4 was filed Feb 10, 2026 (appears to be within the required two business‑day reporting window).

Context

• These entries reflect RSU vesting and conversion into shares (derivative settlement). There is no open‑market sale or purchase reported in this filing, and no cash proceeds are indicated. The reported $0.00 disposition entries reflect the derivative conversion/settlement mechanics, not a public sale.