Minarro Viseras Enrique 4

4 · Otis Worldwide Corp · Filed Feb 5, 2026

AI-generated summary of this filing

Updated Feb 6, 2026

Otis (OTIS) COO Enrique Minarro Viseras Receives Awards, Sells Shares

What Happened

Enrique Minarro Viseras, Chief Operating Officer of Otis Worldwide (OTIS), received equity awards that vested in early February 2026 and had shares withheld/sold to cover tax obligations. The filing shows 13,525 RSUs and 15,666 performance share units (PSUs) converted into common stock (total ~29,191 shares) on Feb 3–4, 2026. The PSUs were the result of a Nov 1, 2023 award that vested at 82% of target.
To satisfy tax withholding, 6,357 shares were disposed on Feb 3 at $87.16 for proceeds of $554,076, and 1,868 shares were disposed on Feb 4 at $90.37 for $168,811 — total proceeds ≈ $722,887. The filing also reports conversion/exercise of 3,973 derivative units on Feb 4 (reported as exercised/converted).

Key Details

Transaction dates and amounts:
- 2026-02-03: A — 13,525 RSUs acquired (RSUs convert 1:1; include dividend equivalents).
- 2026-02-03: F — 6,357 shares disposed @ $87.16 for $554,076 (tax withholding).
- 2026-02-03: A — 15,666 PSUs acquired (vested at 82% performance level; $0 per share reported).
- 2026-02-04: M — 3,973 derivative units exercised/converted (reported acquired).
- 2026-02-04: F — 1,868 shares disposed @ $90.37 for $168,811 (tax withholding).
Shares owned after the transactions: not specified in the filing.
Notable footnotes:
- RSUs convert one-for-one to common stock and include dividend equivalents (F1).
- RSUs vest in three substantially equal annual installments starting on the first anniversary of grant (F2, F3).
- PSUs awarded 11/01/2023 vested on the Transaction Date at 82% of target (F4).
- Dispositions coded F reflect shares withheld/sold to satisfy tax obligations (not an open-market sell for cash diversification).
Timeliness: Form 4 filed Feb 5, 2026 for transactions on Feb 3–4, 2026 — appears timely (within required reporting window).

Context

These transactions are mainly award vestings (acquisitions) rather than purchases; the reported sales were tax-related withholdings, a routine administrative step that does not necessarily indicate a change in the insider’s view of the stock.
The conversion/exercise of derivative units (M) reflects settlement of award units into common shares. Disposals tied to code F are common for “sell to cover” tax obligations following vesting.

Form 4

Period: 2026-02-03

Chief Operating Officer

Transactions

Award
Common Stock
[F4]
2026-02-03+13,525→ 35,374 total
Tax Payment
Common Stock
2026-02-03$87.16/sh−6,357$554,076→ 29,017 total
Exercise/Conversion
Common Stock
[F1]
2026-02-04+3,973→ 32,990 total
Tax Payment
Common Stock
2026-02-04$90.37/sh−1,868$168,811→ 31,122 total
Award
Restricted Stock Units
[F1][F2]
2026-02-03+15,666→ 15,666 total
→ Common Stock (15,666 underlying)
Exercise/Conversion
Restricted Stock Units
[F1][F3]
2026-02-04−3,973→ 7,952 total
→ Common Stock (3,973 underlying)

Footnotes (4)

[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]RSUs vest in three substantially equal annual installments beginning on the first anniversary of the Transaction Date.
[F3]On February 4, 2025, the reporting person was granted RSUs vesting in three substantially equal annual installments beginning on the first anniversary of the grant date. The first installment vested on the Transaction Date.
[F4]The acquisition of Otis common stock represents the vesting of performance share units (PSUs) previously awarded on November 1, 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.

Signature

Susan Grady, Attorney-in-Fact|2026-02-05

1 file