X0206 3 2024-01-01 0 0001781335 Otis Worldwide Corp OTIS 0001875993 Green Neil 1 CARRIER PLACE FARMINGTON CT 06032 0 1 0 0 EVP and Chief Digital Officer Restricted Stock Units (RSUs) 0 Common Stock 1746 D Restricted Stock Units (RSUs) 0 Common Stock 1147 D Restricted Stock Units (RSUs) 0 Common Stock 647 D Stock Appreciation 83.63 2033-02-06 Common Stock 5873 D Stock Appreciation Rights 81.85 2032-02-02 Common Stock 6741 D Stock Appreciation Rights 63.93 2031-02-04 Common Stock 6647 D Stock Appreciation Rights 80.97 2030-02-03 Common Stock 16628 D SRP Stock Unit Common Stock 42.855 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. These RSUs are scheduled to vest in three substantially equal annual installments beginning on the first anniversary of the date of grant. The date of grant was February 7, 2023. These RSUs are scheduled to vest in two substantially equal annual installments on the second and third anniversaries of the date of grant. The date of grant was February 3, 2022. These RSUs are scheduled to vest on the third anniversary of the date of grant. The date of grant was February 5, 2021. These stock appreciation rights (SARs) were granted on February 7, 2023. They are scheduled to become exercisable in three substantially equal annual installments beginning on the first anniversary of the date of grant. These SARs were granted on February 3, 2022. 2,247 shares became exercisable on the first anniversary of the date of grant and the remainder are scheduled to become exercisable in two substantially equal annual installments on the second and third anniversaries of the date of grant. These SARs were granted on February 5, 2021. 2,716 shares are scheduled to become exercisable on the third anniversary of the date of grant. A total of 5,431 shares became exercisable on the first and second anniversaries of the date of grant, which the reporting person previously exercised a portion. These SARs were granted on February 4, 2020. They became fully exercisable on the third anniversary of the date of grant. Each Savings Restoration Plan ("SRP") stock unit is the economic equivalent of one share of Otis common stock. The SRP is an excess benefit plan. No new allocations can be made in SRP stock units under the plan but the SRP stock units accrue dividend equivalents. The SRP stock units will be settled in cash upon the reporting person's retirement or other termination of service. Caroline Coursant, Attorney-in-Fact 2024-01-08