Black Jeffrey Harry 4
4 · Otis Worldwide Corp · Filed May 29, 2026
Research Summary
AI-generated summary of this filing
Otis (OTIS) Director Jeffrey H. Black Receives DSU Award
What Happened
Jeffrey H. Black, a director of Otis Worldwide Corp (OTIS), was granted 2,799.833 deferred stock units (DSUs) on 2026-05-27 at a per-unit value of $71.79, representing a total grant value of $201,000. The transaction is coded as an award/grant (A) and is a derivative-based compensation award rather than an open-market purchase or sale.
Key Details
- Transaction date: 2026-05-27; Filing date: 2026-05-29 (filed within the Form 4 reporting window).
- Security: Deferred Stock Units (DSUs) — 2,799.833 units at $71.79/unit; total $201,000.
- Transaction code: A (award/grant); classified as a derivative instrument.
- Shares owned after transaction: Not disclosed in this filing.
- Footnote (F1): DSUs were issued under the Board of Directors Deferred Stock Unit Plan for non-employee directors; DSUs convert into an equal number of common shares upon retirement/termination (distribution elected as lump-sum or installments) and accrue dividend equivalents.
- Exhibit listed: Exhibit 24 — Power of Attorney.
Context: DSUs are deferred compensation for non-employee directors and convert to common stock upon retirement or termination; they are routine director compensation and do not represent an immediate open-market buy or sell.
Insider Transaction Report
Form 4
Black Jeffrey Harry
Director
Transactions
- Award
Deferred Stock Units
[F1]2026-05-27$71.79/sh+2,799.833$201,000→ 19,498.225 total→ Common Stock (2,799.833 underlying)
Footnotes (1)
- [F1]The reporting person acquired these deferred stock units (DSUs) under the Board of Directors Deferred Stock Unit Plan (the Plan) for service as a non-employee director. The Plan provides for payment of a portion or all of the annual director compensation in DSUs. Upon retirement or termination, the DSUs in the director's account under the Plan are converted into an equal number of shares of common stock that, at the director's previous election, are distributed either in a lump-sum or in installments. DSUs accrue dividend equivalents.
Signature
Susan Grady, Attorney-in-Fact|2026-05-29