Marks Judith Fran's Form 4 filing
Otis Worldwide Corp (OTIS) · filed Feb 5, 2026
- Accession no.
- 0001781335-26-000030
- Filed
- Feb 5, 2026
- Trade date
- Feb 3-5, 2026
- Filing delay
- 2 days
- Rule 10b5-1 plan
- Checked
This filing lists 8 non-derivative transactions and 3 derivative transactions. Open-market sales total $9.29M. It was filed 2 days after the trade.
Reporting owners
A Form 4 can have several reporting owners, such as a person and a fund they control. Trade tables show the first one.
| Owner | Relationship to the company |
|---|---|
| Marks Judith FranCIK 0001665490 | Director, Officer (Chair, CEO and President) |
Non-derivative securities (Table I)
Acquisitions and disposals of common stock and similar shares, one row per line on the filing.
| Trade date | Security | Transaction | Shares | Price | Value | Shares after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Feb 3, 2026 | Common Stock | AGrant or awardAcquired | +58,169 | –F5 | – | 279,781 | Direct | |
| Feb 3, 2026 | Common Stock | FTax withholdingDisposed | −12,073 | $87.16 | −$1,052,282.68 | 267,708 | Direct | |
| Feb 4, 2026 | Common Stock | MOption exerciseAcquired | +18,425 | –F1 | – | 286,133 | Direct | |
| Feb 4, 2026 | Common Stock | FTax withholdingDisposed | −8,281 | $90.37 | −$748,353.97 | 277,852 | Direct | |
| Feb 4, 2026 | Common Stock | SSaleDisposed | −46,780 | $89.57F6 | −$4,190,084.6 | 231,072 | Direct | |
| Feb 4, 2026 | Common Stock | MOption exerciseAcquired | +191,799 | $63.92 | +$12,259,792.08 | 422,871 | Direct | |
| Feb 4, 2026 | Common Stock | DReturned to the companyDisposed | −135,692 | $90.35 | −$12,259,772.2 | 287,179 | Direct | |
| Feb 5, 2026 | Common Stock | SSaleDisposed | −56,107 | $90.89F7 | −$5,099,565.23 | 231,072 | Direct |
Derivative securities (Table II)
Options, warrants, restricted stock units and similar. Shares are the underlying shares; price and value are for the derivative itself, and the holding after is in derivative units.
| Trade date | Security | Transaction | Underlying shares | Unit price | Value | Held after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Feb 3, 2026 | Common Stock | AGrant or awardAcquired | +59,305 | $0.00 | $0 | 59,305 | Direct | |
| Feb 4, 2026 | Common Stock | MOption exerciseDisposed | −18,425 | $0.00 | $0 | 36,862 | Direct | |
| Feb 4, 2026 | Common Stock | MOption exerciseDisposed | −191,799 | $0.00 | $0 | 0 | Direct |
Footnotes and remarks
Livermore keeps the footnotes that transaction prices refer to, all footnotes of amendments (Form 4/A) and the filing's remarks. Other footnotes, such as how indirect holdings are held or the details of a trading plan, are only in the original on SEC EDGAR.
- F1
Restricted stock units (RSUs) convert into common stock on a one-for-one basis. RSUs include the right to receive dividend equivalents that are credited as additional RSUs.
Referenced by the price of 1 transaction in Table I.
- F5
The acquisition of Otis common stock represents the vesting of performance share units (PSUs) previously awarded on February 7, 2023. Each PSU has a value equal to one share of Otis common stock. These PSUs vested on the Transaction Date upon the achievement of the 3-year cycle preestablished performance targets. The performance criteria were certified to be achieved at the 82% level. The reporting person previously elected to defer 50% of this award under the LTIP PSU Deferral Plan upon vesting. Any vested shares that are deferred under this plan are credited as DSUs and will be settled in stock. The DSUs will be paid out in an equal number of shares of Otis common stock in accordance with the reporting person's previous elections. DSUs accrue dividend equivalents.
Referenced by the price of 1 transaction in Table I.
- F6
This transaction was effected pursuant to a Rule 10b5-1 plan adopted by the reporting person on August 25, 2025. The shares sold in multiple trades at prices ranging from $87.73 to $90.45. The price reported above reflects the weighted average sale price. The reporting person undertakes to provide the registrant, any security holder of the registrant, or the SEC staff, upon request, full information regarding the number of shares sold at each separate price within the range set forth above. The number of shares sold includes the shares received by the reporting person upon the vesting of the PSUs previously awarded on February 7, 2023 after giving effect to the tax withholdings and the 50% PSU deferral election.
Referenced by the price of 1 transaction in Table I.
- F7
This transaction was effected pursuant to a Rule 10b5-1 plan adopted by the reporting person on August 25, 2025. The shares sold in multiple trades at prices ranging from $89.755 to $91.495. The price reported above reflects the weighted average sale price. The reporting person undertakes to provide the registrant, any security holder of the registrant, or the SEC staff, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.
Referenced by the price of 1 transaction in Table I.
Remarks
Exhibit List: Exhibit 24 - Power of Attorney. This form includes transactions effected pursuant to a Rule 10b5-1 plan adopted by the reporting person on August 25, 2025. The plan will terminate on March 1, 2026.