Brannon Jill 4

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.