Otis (OTIS) Lead Director Christopher Kearney Receives 291 DSUs

What Happened
Christopher J. Kearney, a director and the Lead Director of Otis Worldwide Corp (OTIS), was awarded 290.899 deferred stock units (DSUs) on August 3, 2026. The DSUs were valued at $72.19 each for a total grant value of $21,000. This was an awards/acquisition transaction (Form 4 code A) under the company’s director compensation plan and reflects compensation rather than an open‑market purchase or sale.

Key Details

• Transaction date: 2026-08-03; reported on Form 4 filed 2026-08-04 (timely filing).
• Units granted: 290.899 DSUs at $72.19 per unit; total value reported $21,000.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnote: Grant made under the Board of Directors Deferred Stock Unit Plan (see footnote F1). DSUs accrue dividend equivalents and represent a claim to an equal number of common shares upon the director’s retirement or termination. Distribution can be in lump-sum or installments per the director’s prior election.
• No 10b5-1, tax‑withholding, or sale codes noted in the excerpt.

Context
DSUs are a form of deferred compensation for non‑employee directors: they do not represent immediate common‑stock voting or transfer rights but convert into actual shares later (typically at termination/retirement). Such grants are routine director compensation and should be viewed differently from open‑market buying or selling by insiders.