Black Jeffrey Harry 4

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.