Mendez Echevarria Maria Cristina 4

What Happened

• Maria Cristina Mendez Echevarria, EVP & CFO of Otis Worldwide (OTIS), had RSUs vest and convert into common stock on Feb 6–7, 2026. A total of 642 RSUs converted into 642 shares (302 on Feb 6 and 340 on Feb 7). To cover tax withholding, 119 shares (Feb 6) and 133 shares (Feb 7) were surrendered at $89.85/share, totaling $22,642. Net shares received by the insider = 390 shares (642 converted − 252 withheld).
• These entries are conversions of RSUs (derivative conversion), not open-market sales or purchases; the withheld shares were used to satisfy tax liability.

Key Details

• Transaction dates: Feb 6, 2026 (302 RSUs converted; 119 shares withheld) and Feb 7, 2026 (340 RSUs converted; 133 shares withheld).
• Withholding price: $89.85 per share; total value of shares withheld = $22,642.
• Net new shares retained by insider: 390 shares.
• Footnotes: F1 = RSUs convert 1:1 to common stock and include dividend equivalents. F2 = RSUs granted Feb 6, 2024 (second installment vested on the transaction date). F3 = RSUs granted Feb 7, 2023 (final installment vested on the transaction date).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Filing: Form 4 filed Feb 10, 2026. This filing date is within the typical two-business-day reporting window and appears timely.

Context

• This was an award vesting and conversion event with share withholding for tax purposes (code F), not an open-market sale—an administrative/compensation event rather than a directional trade signal.
• Derivative entries showing $0 consideration reflect conversion of RSUs into common shares (code M).