---
schema_version: "secwatch.filing_event.v1"
accession: "0001781335-24-000045"
form_type: "8-K"
ticker: "OTIS"
cik: "0001781335"
company_name: "Otis Worldwide Corp"
filed_at: "2024-09-20T23:59:59+00:00"
generated_at: "2026-05-31T02:51:18.012556+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001781335-24-000045
- form_type: 8-K
- ticker: OTIS
- cik: 0001781335
- company_name: Otis Worldwide Corp
- filed_at: 2024-09-20T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1781335/000178133524000045/0001781335-24-000045-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1781335/000178133524000045/otis-20240918.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001781335-24-000045
- JSON: https://secwatch.observer/filing/0001781335-24-000045.json
- Plain text: https://secwatch.observer/filing/0001781335-24-000045.txt

## Key facts
- Executive change
  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
  source text: Ms. Méndez was appointed as the Company’s Executive Vice President and Chief Financial Officer effective August 23, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1781335/000178133524000045/0001781335-24-000045-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.