Otis Worldwide Corp — Director's Dealing 2025

Feb 6, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Otis Worldwide Corp (OTIS)
CIK: 0001781335
Period of Report: 2025-02-03

Reporting Person: Loh Sally (President, Otis China)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-02-03	Common Stock	M	297	—	Acquired	27836	Direct
2025-02-04	Common Stock	A	1428	—	Acquired	29264	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2025-02-03	Restricted Stock Units	$	M	297	Disposed		Common Stock (297)	Direct
2025-02-04	Restricted Stock Units	$	A	7455	Acquired		Common Stock (7455)	Direct

Footnotes

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.

F2: On February 3, 2022, the reporting person was granted RSUs vesting in three substantially equal annual installments beginning on the first anniversary of the grant date. The last installment vested on the Transaction Date.

F3: RSUs vest in three substantially equal annual installments beginning on the first anniversary of the Transaction Date.

F4: The acquisition of Otis common stock represents the vesting of performance share units (PSUs) previously awarded on February 3, 2022. 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.