Lopez Nicolas Eduardo 4
4 · Otis Worldwide Corp · Filed Mar 3, 2026
Research Summary
AI-generated summary of this filing
Otis (OTIS) President Nicolas Lopez Receives RSU Award
What Happened
Nicolas Eduardo Lopez, President of Otis Asia Pacific, was granted 4,685 restricted stock units (RSUs) on March 2, 2026. The reported acquisition price is $0.00 because this was an award (transaction code A). These RSUs are a form of equity compensation that will convert into common shares on a one-for-one basis as they vest.
Key Details
- Transaction date: 2026-03-02; Form 4 filed: 2026-03-03 (timely filing).
- Security: Restricted stock units (derivative award), 4,685 RSUs, reported price $0.00.
- Shares owned after transaction: not specified in the provided filing details.
- Footnotes: (F1) RSUs convert 1:1 into common stock and include dividend equivalents credited as additional RSUs. (F2) RSUs vest in three substantially equal annual installments beginning on the first anniversary of the grant.
- Transaction code: A = Award/Grant.
Context
RSU grants are common executive compensation and do not reflect an open-market purchase or sale—benefit is realized as units vest and convert to shares (or are otherwise settled). This award increases potential future ownership but does not represent an immediate cash transaction or insider sale.
Insider Transaction Report
- Award
Restricted Stock Units
[F1][F2]2026-03-02+4,685→ 4,685 total→ Common Stock (4,685 underlying)
Footnotes (2)
- [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]RSUs vest in three substantially equal annual installments beginning on the first anniversary of the Transaction Date.