Otis Worldwide Management

Management criteria checks 3/4

Otis Worldwide's CEO is Judy Marks, appointed in Apr 2020, has a tenure of 4.58 years. total yearly compensation is $15.92M, comprised of 8.6% salary and 91.4% bonuses, including company stock and options. directly owns 0.039% of the company’s shares, worth €14.76M. The average tenure of the management team and the board of directors is 4 years and 4.6 years respectively.

Key information

Judy Marks

Chief executive officer

US$15.9m

Total compensation

CEO salary percentage	8.6%
CEO tenure	4.6yrs
CEO ownership	0.04%
Management average tenure	4yrs
Board average tenure	4.6yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Judy Marks's remuneration changed compared to Otis Worldwide's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	US$2b
Jun 30 2024	n/a	n/a	US$1b
Mar 31 2024	n/a	n/a	US$1b
Dec 31 2023	US$16m	US$1m	US$1b
Sep 30 2023	n/a	n/a	US$1b
Jun 30 2023	n/a	n/a	US$1b
Mar 31 2023	n/a	n/a	US$1b
Dec 31 2022	US$14m	US$1m	US$1b
Sep 30 2022	n/a	n/a	US$1b
Jun 30 2022	n/a	n/a	US$1b
Mar 31 2022	n/a	n/a	US$1b
Dec 31 2021	US$14m	US$1m	US$1b
Sep 30 2021	n/a	n/a	US$1b
Jun 30 2021	n/a	n/a	US$1b
Mar 31 2021	n/a	n/a	US$1b
Dec 31 2020	US$12m	US$1m	US$906m
Sep 30 2020	n/a	n/a	US$873m
Jun 30 2020	n/a	n/a	US$924m
Mar 31 2020	n/a	n/a	US$1b
Dec 31 2019	US$7m	US$956k	US$1b
Dec 31 2018	US$7m	US$869k	US$1b

Compensation vs Market: Judy's total compensation ($USD15.92M) is above average for companies of similar size in the German market ($USD4.85M).

Compensation vs Earnings: Judy's compensation has been consistent with company performance over the past year.

CEO

Judy Marks (60 yo)

4.6yrs

Tenure

US$15,924,194

Compensation

Ms. Judith F. Marks, also known as Judy, serves as President and Chief Executive Officer at Otis Worldwide Corporation (also known as Otis Elevator Company, Inc) since April 2020, has been its Chair since...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Judith Marks	Chair, President & CEO	4.6yrs	US$15.92m	0.039% € 14.8m
Peiming Zheng	Executive VP & Chief Product	4.6yrs	US$5.18m	0.0039% € 1.5m
Tracy Embree	President of Otis Americas	1.1yrs	US$6.69m	0.0041% € 1.6m
Enrique Minarro Viseras	President of Otis Europe	1.1yrs	US$5.70m	0.0026% € 972.7k
Cristina Mendez	Executive VP & CFO	less than a year	no data	0.00034% € 129.7k
Todd Glance	Executive Vice President of Operations	no data	no data	no data
Michael Ryan	Senior VP & Chief Accounting Officer	4.6yrs	no data	0.00019% € 72.5k
Rina Leonard	VP & Global Chief Information Officer	no data	no data	no data
Nora LaFreniere	Executive VP & Chief General Counsel	4.6yrs	US$2.91m	0.0062% € 2.4m
Randi Tanguay	Senior VP & Chief Communications Officer	no data	no data	no data
Robin Fiala	Vice President of Sales & Marketing	no data	no data	no data
Abbe Luersman	Executive VP & Chief People Officer	3.3yrs	no data	0.0025% € 953.6k

4.0yrs

Average Tenure

53yo

Average Age

Experienced Management: 4PG's management team is considered experienced (4 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Judith Marks	Chair, President & CEO	4.6yrs	US$15.92m	0.039% € 14.8m
Christopher Kearney	Director	4.6yrs	US$335.00k	0.0056% € 2.1m
Thomas Bartlett	Independent Director	1.1yrs	US$187.50k	0.00011% € 42.0k
Margaret Mary Preston	Independent Director	4.6yrs	US$355.50k	0.00024% € 91.5k
Shelley Stewart	Independent Director	4.6yrs	US$350.00k	no data
Kathy Hannan	Independent Director	4.6yrs	US$325.00k	no data
John Walker	Independent Lead Director	4.6yrs	US$367.50k	no data
Nelda Connors	Independent Director	2.1yrs	US$350.00k	no data
Shailesh Jejurikar	Independent Director	4.6yrs	US$370.00k	0.000070% € 26.7k
Jill Brannon	Independent Director	1.1yrs	US$162.50k	no data
Jeffrey Black	Independent Director	4.6yrs	US$335.00k	0.000060% € 22.9k

4.6yrs

Average Tenure

65yo

Average Age

Experienced Board: 4PG's board of directors are considered experienced (4.6 years average tenure).

Otis Worldwide Management

Management criteria checks 3/4

Key information

Recent management updates

Otis Worldwide Corporation Appoints Nicolas Lopez as Managing Director of Southeast Asia

Otis Worldwide Corporation Announces Executive Changes, Effective August 23, 2024

Executive VP & Chief Product recently sold €1.5m worth of stock

Otis Worldwide Corporation, Annual General Meeting, May 16, 2024

Executive VP & Chief General Counsel recently sold €1.4m worth of stock

Otis Worldwide Corporation Announces Board Changes

Recent updates

Third quarter dividend of US$0.39 announced

Otis Worldwide Corporation Revises Earnings Guidance for the Year 2024

Third quarter 2024 earnings released: EPS: US$1.35 (vs US$0.92 in 3Q 2023)

Otis Worldwide Corporation Appoints Nicolas Lopez as Managing Director of Southeast Asia

Now 20% undervalued

Otis Thailand Launches Gen3 Digitally-Connected Elevator

Upcoming dividend of US$0.39 per share

Second quarter dividend of US$0.39 announced

Otis Worldwide Corporation Declares Quarterly Dividend, Payable on September 6, 2024

Second quarter 2024 earnings released: EPS: US$1.03 (vs US$0.91 in 2Q 2023)

Otis Worldwide Corporation Revises Earnings Guidance for the Full Year of 2024

Otis Worldwide Corporation Revises Earnings Guidance for the Full Year of 2024

Otis Worldwide Corporation Announces Executive Changes, Effective August 23, 2024

Otis Worldwide Corporation(NYSE:OTIS) dropped from Russell 1000 Dynamic Index

Executive VP & Chief Product recently sold €1.5m worth of stock

First quarter dividend of US$0.39 announced

Otis Worldwide Corporation Revises Earnings Guidance for the Full Year of 2024

First quarter 2024 earnings released: EPS: US$0.87 (vs US$0.80 in 1Q 2023)

Otis Worldwide Corporation Provides Earnings Guidance for the Full Year of 2024

Otis Worldwide Corporation to Report Q1, 2024 Results on Apr 24, 2024

Otis Worldwide Corporation, Annual General Meeting, May 16, 2024

Executive VP & Chief General Counsel recently sold €1.4m worth of stock

Upcoming dividend of US$0.34 per share at 1.5% yield

Fourth quarter dividend of US$0.34 announced

Otis Declares Quarterly Dividend, Payable on March 8, 2024

Full year 2023 earnings released: EPS: US$3.42 (vs US$2.98 in FY 2022)

Otis Worldwide Corporation Provides Earnings Guidance for the Full Year of 2024

Otis Worldwide Corporation to Report Q4, 2023 Results on Jan 31, 2024

Upcoming dividend of US$0.34 per share at 1.7% yield

Otis Worldwide Corporation Declares Quarterly Dividend, Payable on December 8, 2023

Third quarter 2023 earnings released: EPS: US$0.92 (vs US$0.77 in 3Q 2022)

Otis Worldwide Corporation Provides Revenue Guidance for 2023

Otis Worldwide Corporation Announces Board Changes

Otis Worldwide Corporation to Report Q3, 2023 Results on Oct 25, 2023

Now 21% undervalued after recent price drop

Otis Worldwide Corporation Announces Executive Changes

Upcoming dividend of US$0.34 per share at 1.5% yield

New minor risk - Dividend sustainability

Otis Worldwide Corporation Revises Earnings Guidance for the Full Year 2023

Second quarter 2023 earnings released: EPS: US$0.91 (vs US$0.76 in 2Q 2022)

Otis Worldwide Corporation to Report Q2, 2023 Results on Jul 26, 2023

Otis Worldwide Corp. Unveils Connected Gen3 Core™? Elevator for North America

Upcoming dividend of US$0.34 per share at 1.4% yield

First quarter 2023 earnings released: EPS: US$0.80 (vs US$0.73 in 1Q 2022)

Upcoming dividend of US$0.29 per share at 1.4% yield

Insider recently sold €875k worth of stock

Otis Worldwide Corporation Declares Quarterly Dividend, Payable on March 10, 2023

Full year 2022 earnings released: EPS: US$2.98 (vs US$2.91 in FY 2021)

Otis Worldwide Corporation Provides Earnings Guidance for Full Year 2023

High number of new and inexperienced directors

Upcoming dividend of US$0.29 per share

The Otis Worldwide Corporation Declares A Quarterly Dividend for Common Stock, Payable on December 10, 2022

Third quarter 2022 earnings released: EPS: US$0.77 (vs US$0.78 in 3Q 2021)

Otis Worldwide Corporation Revises Earnings Guidance for the Full Year 2022

Otis Worldwide Corporation Appoints Nelda Connors to Board of Directors and Audit and Compensation Committees, Effective October 28, 2022

Upcoming dividend of US$0.29 per share

VP & Chief Accounting Officer recently sold €232k worth of stock

Executive VP & Chief General Counsel recently sold €850k worth of stock

Otis Worldwide Corporation Declares Quarterly Dividend, Payable on September 10, 2022

Second quarter 2022 earnings released: EPS: US$0.76 (vs US$0.76 in 2Q 2021)

Ice Development entered into agreement to acquire Russia business of Otis from Otis Worldwide Corporation (NYSE:OTIS).

Otis Worldwide Corporation Announces CFO Changes, Effective from August 12, 2022

Upcoming dividend of US$0.29 per share

High number of new and inexperienced directors

Otis Worldwide Corporation Provides Revenue Guidance for the Full Year of 2022

Otis Worldwide Corporation Declares Quarterly Dividend, Payable on June 10, 2022

Otis Worldwide Corporation, Annual General Meeting, May 19, 2022

Otis Worldwide Corporation (NYSE:OTIS) completed the acquisition of 49.9% stake in Zardoya Otis, S.A. (BME:ZOT) for €1.6 billion from Euro-Syns SA and others.

Upcoming dividend of US$0.24 per share