Brannon Jill 4
4 · Otis Worldwide Corp · Filed May 29, 2026
Research Summary
AI-generated summary of this filing
Otis (OTIS) Director Jill Brannon Receives 4,527 DSUs
What Happened
Jill Brannon, a non-employee director of Otis Worldwide Corp (OTIS), was granted 4,527.093 deferred stock units (DSUs) on 2026-05-27. The filing reports a per-unit acquisition value of $71.79, for a total reported value of $325,000. This was an award/grant (derivative acquisition), not an open-market purchase or sale.
Key Details
- Transaction date: 2026-05-27; Form 4 filed 2026-05-29 (timely within reporting window).
- Transaction type/code: A (award/grant); derivative (DSUs).
- Units granted: 4,527.093 DSUs at $71.79 per unit; total reported value $325,000.
- Shares owned after transaction: Not disclosed in the provided filing.
- Footnote: DSUs were granted under the Board of Directors Deferred Stock Unit Plan. DSUs convert into an equal number of common shares upon retirement or termination (paid lump-sum or in installments per director election) and accrue dividend equivalents.
- Exhibit: Exhibit 24 – Power of Attorney listed.
Context
Deferred stock units give the director economic exposure and future share delivery rather than immediate open-market ownership. They are common for non-employee director compensation and do not represent a market purchase or sale. This is a routine compensation award and should be viewed differently than an insider cash buy or sale.
Insider Transaction Report
- Award
Deferred Stock Units
[F1]2026-05-27$71.79/sh+4,527.093$325,000→ 13,623.77 total→ Common Stock (4,527.093 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.