New York, February 11, 2026, 17:17 EST — Trading after hours
- After the bell, OTIS stock slipped roughly 0.7%, closing at $89.42.
- SEC filings revealed that Otis’ general counsel and chief accounting officer sold shares connected to stock-award transactions.
- The company’s next key date to watch is the dividend record date on Feb. 13.
Shares of Otis Worldwide Corp slipped 0.7% to $89.42 in after-hours trading Wednesday following disclosures that two top executives sold shares. The NYSE-listed elevator and escalator manufacturer holds a market value near $36 billion and saw its stock fluctuate between $89.31 and $90.50 during the day.
The insider disclosures came just as investors hunted for new signals following Otis’ 2026 outlook release in late January, with a dividend record date fast approaching. In a selective market, even minor company-specific news can still move the tape.
Form 4 filings are the SEC’s way of tracking transactions by company insiders, including executives and directors. These reports usually pop up when stock awards vest or when shares are sold or withheld to cover taxes. Traders keep an eye on them, looking for clues—even if the signals aren’t always reliable.
A Form 4 revealed that Executive Vice President and General Counsel Nora LaFreniere offloaded 27,418 Otis shares on Feb. 10, fetching roughly $90.38 each, totaling close to $2.5 million. The filing also detailed stock-award exercises and share sales tied to tax and award arrangements, leaving her with 13,880 shares. (SEC)
Senior Vice President and Chief Accounting Officer Michael Patrick Ryan sold 1,182 shares at $90.055 each, totaling roughly $106,000, according to a separate Form 4. After the sale, he reported holding 3,504 shares. The filing also noted restricted stock units—grants that convert to shares upon vesting—and the associated tax withholding. (SEC)
Otis slipped in late trading even as industrials showed strength; the Industrial Select Sector SPDR Fund gained roughly 0.5% late Wednesday, with the S&P 500 ETF barely moving.
On Jan. 28, Otis reported 2025 net sales of $14.4 billion and expects 2026 organic sales to rise by low- to mid-single digits. Adjusted EPS should increase by mid- to high-single digits. “Otis finished the year with solid performance driven by our Service flywheel,” said Chair, CEO, and President Judy Marks, highlighting growth in service and a boost from modernization. (Otis Investors)
On Jan. 29, the company’s board announced a quarterly dividend of $0.42 per share, set to be paid on March 13 to shareholders recorded by the close of business Feb. 13. (Otis Investors)
Insider transactions often reflect routine events, like awards vesting and tax payments, and don’t always reveal management’s view on demand. What really moves the needle for Otis is the flow of new equipment orders amid a mixed construction environment, plus whether modernization keeps its steam going into 2026.
Traders are keeping an eye on whether OTIS can hold steady around $90 heading into the next session, while also watching for additional insider filings as equity awards go through their cycles. The next key date is Feb. 13, the shareholder record date for the $0.42 dividend.
