Otis Worldwide (OTIS) Proxy filing summary

Executive summary

• Achieved $14.4B in sales for 2025, with service organic sales up 5% and modernization sales up 9%.

• Modernization orders grew 26%, and maintenance portfolio expanded 4% to 2.5 million units.

• Adjusted EPS increased 6%, quarterly dividend raised 8%, and $1.6B in operating cash flow generated.

• Returned $1.5B to shareholders via dividends and share repurchases.

• Strategic focus on service growth, digitalization, modernization, and workforce empowerment.

Voting matters and shareholder proposals

• Election of 10 director nominees for a one-year term.

• Advisory vote on executive compensation (Say-on-Pay).

• Appointment of PricewaterhouseCoopers LLP as independent auditor for 2026.

• Shareholder proposal on political contributions reporting, with Board recommending a vote against.

Board of directors and corporate governance

• 9 of 10 director nominees are independent; all standing committees are fully independent.

• Chair and CEO roles combined, with a strong independent Lead Director.

• Board committees: Audit, Compensation, Nominations and Governance, each with clear responsibilities.

• Annual self-evaluations, robust onboarding, and continuing education for directors.

• Majority voting standard for directors, no classified board, and strong shareholder rights.