Sec Form 3 Filing - Green Neil @ Otis Worldwide Corp - 2024-01-01

FORM 3 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person Green Neil 2. Issuer Name and Ticker or Trading Symbol Otis Worldwide Corp [ OTIS] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner X __ Officer (give title below) _____ Other (specify below) EVP and Chief Digital Officer (Last) (First) (Middle) 1 CARRIER PLACE 3. Date of Earliest Transaction (MM/DD/YY) 01/01/2024 (Street) FARMINGTON, CT06032 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) __ X __ Form filed by One Reporting Person _____ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities) 1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) 6. Date Exercisable and Expiration Date (MM/DD/YY) 7. Title and Amount of Underlying Securities (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4) Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares Restricted Stock Units (RSUs) ( 1 ) $ 0 ( 1 ) ( 2 ) ( 1 ) Common Stock 1,746 D Restricted Stock Units (RSUs) ( 1 ) $ 0 ( 1 ) ( 3 ) ( 1 ) Common Stock 1,147 D Restricted Stock Units (RSUs) ( 1 ) $ 0 ( 1 ) ( 4 ) ( 1 ) Common Stock 647 D Stock Appreciation $ 83.63 ( 5 ) 02/06/2033 Common Stock 5,873 D Stock Appreciation Rights $ 81.85 ( 6 ) 02/02/2032 Common Stock 6,741 D Stock Appreciation Rights $ 63.93 ( 7 ) 02/04/2031 Common Stock 6,647 D Stock Appreciation Rights $ 80.97 ( 8 ) 02/03/2030 Common Stock 16,628 D SRP Stock Unit ( 9 ) ( 9 ) ( 9 ) Common Stock 42.855 ( 9 ) D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other Green Neil 1 CARRIER PLACE FARMINGTON, CT06032 EVP and Chief Digital Officer Signatures Caroline Coursant, Attorney-in-Fact 01/08/2024 Signature of Reporting Person Date

Explanation of Responses:

( 1 )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. ( 2 )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. ( 3 )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. ( 4 )These RSUs are scheduled to vest on the third anniversary of the date of grant. The date of grant was February 5, 2021. ( 5 )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. ( 6 )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. ( 7 )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. ( 8 )These SARs were granted on February 4, 2020. They became fully exercisable on the third anniversary of the date of grant. ( 9 )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.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

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