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Otis Worldwide Executive Compensation (FY25)

OTIS · Executive and director compensation, fiscal 2023 to 2025

The paid brief on Otis Worldwide

Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
$1,500 for the Executive Compensation Report. Both reports for $2,400.
Data as of September 15, 2026Latest filing (8-K): May 29, 2026
9 filings cited on this page
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
Otis Worldwide brief$1,500Get the executive brief
273 figures on this page: 267 cited to the filing that reported them, 6 calculated from figures it prints. See the citations
Chief executive, fiscal 2025
◇
Judith Marks
Median of the other named officers
$4,323,046
5 officers, excluding the chief executive
Latest say-on-pay support
=
May 27, 2026
Chief executive pay ratio
◇
To the median employee

More on Otis Worldwide

Five data products on this company. Each one is requested through the developer setup page.
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Judith Marks: $42,102,257 → $16,977,877 (59.7% lower)
Say-on-pay support: 39.3% → 93.6% (54.3 points higher)

Frequently asked questions

Answers drawn from the data on this page.
Who is Otis Worldwide's chief executive and what were they paid?
Judith Marks was paid $16,977,877 in total compensation as Chair, Chief Executive Officer and President for fiscal 2025. Compared with the $42,102,257 reported for fiscal 2024, Marks' total was 59.7% lower.
What was Otis Worldwide's say-on-pay result?
Shareholders supported the say-on-pay proposal with 93.6% of votes cast including abstentions in favor at the meeting held May 27, 2026 for fiscal 2025.
Which companies are in Otis Worldwide's peer group?
The disclosed peer group names Carrier Global Corporation, Cummins Inc., Dover Corporation, Eaton Corporation plc and Fluor Corporation, among others.
What is Otis Worldwide's chief executive pay ratio?
The company reported a chief executive pay ratio of 286:1 for fiscal 2025, against median employee compensation of $59,408.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Judith Marks
Chair, Chief Executive Officer and President
◇—◇◇◇—◇◇
Tracy Embree
Former President, Otis Americas
◇◇◇◇◇—◇◇
Enrique Miñarro Viseras
Executive Vice President & Chief Operating Officer
◇◇◇◇◇◇◇◇
Peiming Zheng
Former Executive Vice President & Chief Product, Delivery and Customer Officer
◇—◇◇◇—◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Judith Marks
Chair, Chief Executive Officer and President
◇—◇◇◇—◇◇
Peiming Zheng
Former Executive Vice President & Chief Product, Delivery and Customer Officer
◇—◇◇◇—◇◇
Cristina Méndez
Executive Vice President & Chief Financial Officer
◇—◇◇◇◇◇◇
Tracy Embree
Former President, Otis Americas
◇—◇◇◇—◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Judith Marks
Chair, Chief Executive Officer and President
◇—◇—◇—◇◇
Cristina Méndez
Executive Vice President & Chief Financial Officer
◇—◇—◇◇◇◇
Tracy Embree
Former President, Otis Americas
Departed during or after this year
◇—◇—◇—◇◇
Enrique Miñarro Viseras
Executive Vice President & Chief Operating Officer
◇—◇—◇◇◇◇
Peiming Zheng
Former Executive Vice President & Chief Product, Delivery and Customer Officer
Departed during or after this year
◇◇——◇—◇◇
Sally Loh
President, Otis Greater China
◇—◇—◇—◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Cristina MéndezPSU——————◇
Enrique Miñarro ViserasPSU——————◇
Judith MarksPSU——————◇
Sally LohPSU——————◇
Tracy EmbreePSU——————◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
C. MéndezRSU◇◇——
Option◇—◇—
PSU◇◇——
Option◇—◇—
RSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
Option◇—◇—
PSU◇◇——
S. LohOption◇—◇—
PSU◇◇——
Option◇—◇—
PSU◇◇——
PSU◇◇——
RSU◇◇——
Option◇—◇—
Option◇—◇1/2/2027
RSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
P. ZhengPSU◇◇——
RSU◇◇——
PSU◇◇——
Option◇—◇—
Option◇—◇—
PSU◇◇——
Option◇—◇1/2/2027
RSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
Option◇—◇—
RSU◇◇——
RSU◇◇——
E. ViserasPSU◇◇——
Option◇—◇—
PSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Option◇—◇—
PSU◇◇——
J. MarksPSU◇◇——
Option◇—◇—
Option◇—◇—
RSU◇◇——
RSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
T. EmbreePSU◇◇——
PSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
John H. Walker
Lead independent director
—◇———◇◇
Margaret M. V. Preston
—◇———◇◇
Kathy Hopinkah Hannan
◇◇———◇◇
Nelda J. Connors
—◇———◇◇
Thomas A. Bartlett
◇◇———◇◇
Shelley Stewart Jr
◇◇———◇◇
Jeffrey H. Black
◇◇————◇
Shailesh G. Jejurikar
—◇————◇
Jill C. Brannon
—◇————◇
Christopher J. Kearney
◇◇————◇
Judith F. Marks served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Board equity retainer◇
Total board retainer◇
Lead independent director premium◇
Audit committee chair◇
Audit committee member◇
Compensation committee chair◇
Nominating and governance chair◇
Equity is delivered as deferred stock units.
Stock ownership guideline: 5x base annual cash retainer ($620,000)

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • Carrier Global Corporation CARR
  • Cummins Inc. CMI
  • Dover Corporation DOV
  • Eaton Corporation plc ETN
  • Fluor Corporation FLR
  • Fortive Corporation FTV
  • Illinois Tool Works Inc. ITW
  • Johnson Controls International plc JCI
  • Motorola Solutions, Inc. MSI
  • Parker Hannifin Corporation PH
  • Rockwell Automation, Inc. ROK
  • Stanley Black & Decker, Inc. SWK
  • TE Connectivity Ltd. TEL
  • Trane Technologies plc TT
  • Wabtec Corporation symbol not shown
  • Western Digital Corporation WDC

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025May 27, 2026=◇◇◇
2024May 15, 2025=◇◇◇
2023May 16, 2024=◇◇◇
2022May 18, 2023=◇◇◇
2021May 19, 2022=◇◇◇
2020April 27, 2021=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇
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What this page does not include

Everything above is a fact Otis Worldwide disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Otis Worldwide sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500
Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $1,200
Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion Intelligence
Adviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
273 figures on this page: 267 cited to the filing that reported them, 6 calculated from figures it prints.
267 cited to the filing
6 calculated from the filing

Documents cited

  1. 0001781335-26-000102
    135 9,042,045 350,155 24,396,658 2) A proposal that shareholders approve, on an advisory basis, the compensation of Otis’ named executive officers.
  2. 0001140361-26-015389
    2025 non-employee director compensation · CEO pay ratio · Compensation of directors · Grants of Plan-Based Awards · and 2 more sections
  3. 0001781335-25-000024
    589 2,944,068 259,466 23,489,846 2) A proposal that shareholders approve, on an advisory basis, the compensation of Otis’ named executive officers.
  4. 0001140361-25-012360
    Summary Compensation Table
  5. 0001781335-24-000026
  6. 0001140361-24-018332
    Summary Compensation Table
  7. 0001781335-23-000021
    Item 5.07 Submission of Matters to a Vote of Security Holders
  8. 0001781335-22-000022
  9. 0001781335-21-000038
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Otis Worldwide executive compensation, FY2023–FY2025.” https://intel.velarion.ai/comp/OTIS (accessed 2026).
Short form: data: Velarion

The paid brief for Otis Worldwide

Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
$1,500 for the Executive Compensation Report. Both reports for $2,400.
Get the executive briefGet the board briefNo account needed.
9 filings cited on this page
Method: intel.velarion.ai/methodology
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
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Peers Otis Worldwide discloses

The companies named in OTIS's own disclosed peer group.

Carrier Global CorporationCummins Inc.Dover CorporationEaton Corporation plcFluor CorporationFortive CorporationIllinois Tool Works Inc.Johnson Controls International plcMotorola Solutions, Inc.Parker Hannifin CorporationRockwell Automation, Inc.Stanley Black & Decker, Inc.TE Connectivity Ltd.Trane Technologies plcWestern Digital Corporation

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies

Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.

Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
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