X0508 4 2024-02-06 0001781335 Otis Worldwide Corp OTIS 0001665490 Marks Judith Fran 1 CARRIER PLACE FARMINGTON CT 06032 1 1 0 0 Chair, CEO & President 1 Common Stock 2024-02-06 4 A 0 136278 A 262060 D Common Stock 2024-02-06 4 F 0 32429 91.94 D 229631 D Common Stock 2024-02-07 4 S 0 37312 91.83 D 192319 D Common Stock 2024-02-07 4 M 0 11433 A 203752 D Common Stock 2024-02-07 4 F 0 5171 91.77 D 198581 D Common Stock 22500 I by 2023 GRAT Restricted Stock Units 2024-02-06 4 A 0 34212 0 A Common Stock 34212 34212 D Stock Appreciation Rights 91.94 2024-02-06 4 A 0 129311 0 A 2034-02-05 Common Stock 129311 129311 D Restricted Stock Units 2024-02-07 4 M 0 11433 0 D Common Stock 11433 22873 D 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. RSUs and stock appreciation rights vest in three substantially equal annual installments beginning on the first anniversary of the Transaction Date. On February 7, 2023, 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. The acquisition of Otis common stock represents the vesting of performance share units (PSUs) previously awarded on February 5, 2021. 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 200% 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. This transaction was effected pursuant to a Rule 10b5-1 plan adopted by the reporting person on July 28, 2023. The shares sold in multiple trades at prices ranging from $91.500 to $92.425. The price reported above reflects the weighted average sale price. The number of shares sold represents the shares received by the reporting person upon the vesting of the PSUs previously awarded on February 5, 2021 after giving effect to the tax withholdings and the 50% PSU deferral election. The plan terminated on the Transaction Date. A sale was effected pursuant to a Rule 10b5-1 plan adopted by the reporting person on July 28, 2023. Joshua Mullin, Attorney-in-Fact 2024-02-08