Cristina Méndez named Otis EVP & CFO; receives $770k salary, $2.39M LTI award

Otis Worldwide Corp

Appointed EVP & CFO effective Aug 23, 2024; reports to CEO.
Annual base salary $770,000; STI target 100% of base, prorated for 2024.
Granted $2,390,000 LTI: 50% PSUs (vest 2027), 25% RSUs & 25% SARs (3-year ratable).
Relocation to Farmington, CT; housing $5k/mo and other assignment benefits.
Subject to 2-year worldwide non-compete and ELG Severance Plan.

item 5.02 item 9.01

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Appointed

Cristina Méndez

Executive Vice President and Chief Financial Officer

OTIS · Otis Worldwide Corp

Effective: 2024-08-23
Filed: September 20, 2024, 7:59 PM ET

Ms. Méndez was appointed as the Company’s Executive Vice President and Chief Financial Officer effective August 23, 2024.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 1.0

Cristina Méndez was appointed as Executive Vice President and Chief Financial Officer at Otis Worldwide Corp.

Action: appointed
Role: Executive Vice President and Chief Financial Officer

Exact text from the filing

Ms. Méndez was appointed as the Company’s Executive Vice President and Chief Financial Officer effective August 23, 2024.

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Otis Worldwide Corp filing history →

Source: SEC EDGAR

accession 0001781335-24-000045

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