Connors Nelda J 4
4 · Otis Worldwide Corp · Filed May 29, 2026
Research Summary
AI-generated summary of this filing
Otis (OTIS) Director Nelda J. Connors Receives DSU Award
What Happened
Nelda J. Connors, a member of Otis Worldwide Corp's board of directors, was granted 2,716.256 deferred stock units (DSUs) on May 27, 2026. The filing lists a grant price of $71.79 per share, valuing the award at approximately $195,000. This was a compensation award (derivative securities), not an open‑market purchase or sale.
Key Details
- Transaction date: 2026-05-27; Form 4 filed: 2026-05-29 (filed within the typical two-business-day reporting window).
- Grant details: 2,716.256 DSUs at $71.79 each; aggregate value ≈ $195,000.
- Post-transaction share ownership: Not specified in the filing.
- Footnote: DSUs were granted under the Board of Directors Deferred Stock Unit Plan (see F1). DSUs convert into an equal number of common shares upon the director’s retirement or termination and accrue dividend equivalents.
- Exhibit noted: Exhibit 24 — Power of Attorney.
Context
DSUs are a form of deferred compensation for non‑employee directors; they represent a future right to receive company shares (or share equivalents) rather than an immediate equity stake purchased on the market. Such grants reflect routine director compensation and do not, by themselves, indicate a buy or sell signal from the insider.
Insider Transaction Report
- Award
Deferred Stock Units
[F1]2026-05-27$71.79/sh+2,716.256$195,000→ 14,414.097 total→ Common Stock (2,716.256 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.