Tech — Hardware

Otis Worldwide Executive Compensation (FY25)

Name: Otis Worldwide (OTIS) executive compensation
Creator: Velarion
License: https://intel.velarion.ai/terms

OTIS · Executive and director compensation, fiscal 2022 to 2025

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

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Data as of October 31, 2026Latest filing (8-K): May 29, 2026

11 filings cited on this page

Method: intel.velarion.ai/methodology

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298 figures on this page: 286 cited to the filing that reported them, 12 calculated from figures it prints. See the citations

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 2022

Officer	Salary	Bonus	Stock awards	Option awards	Non-equity incentive	Pension and deferred earnings	All other compensation	Total
Judy Marks Chair, Chief Executive Officer and President	◇	—	◇	◇	◇	—	◇	◇
Perry Zheng Executive Vice President & Chief Product, Delivery and Customer Officer	◇	—	◇	◇	◇	—	◇	◇
Rahul Ghai Former Executive Vice President & Chief Financial Officer Departed during or after this year	◇	—	◇	◇	—	—	◇	◇
Anurag Maheshwari Executive Vice President & Chief Financial Officer	◇	◇	◇	◇	◇	—	◇	◇
Stéphane de Montlivault President, Otis Asia Pacific	◇	—	◇	◇	◇	—	◇	◇
Nora LaFreniere Executive Vice President & Chief General Counsel	◇	—	◇	◇	◇	—	◇	◇

Fiscal 2023

Officer	Salary	Bonus	Stock awards	Option awards	Non-equity incentive	Pension and deferred earnings	All other compensation	Total
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

Officer	Salary	Bonus	Stock awards	Option awards	Non-equity incentive	Pension and deferred earnings	All other compensation	Total
Judith Marks Chair, Chief Executive Officer and President	◇	—	◇	◇	◇	—	◇	◇
Peiming Zheng Executive Vice President & Chief Product, Delivery and Customer Officer	◇	—	◇	◇	◇	—	◇	◇
Nora LaFreniere Executive Vice President & General Counsel	◇	—	◇	◇	◇	◇	◇	◇
Cristina Méndez Executive Vice President & Chief Financial Officer	◇	—	◇	◇	◇	◇	◇	◇
Enrique Miñarro Viseras President, EMEA	◇	—	◇	◇	◇	◇	◇	◇
Tracy Embree Former President, Otis Americas	◇	—	◇	◇	◇	—	◇	◇
Anurag Maheshwari Former Executive Vice President & Chief Financial Officer Departed during or after this year	◇	—	◇	◇	—	—	◇	◇

Fiscal 2025

Officer	Salary	Bonus	Stock awards	Option awards	Non-equity incentive	Pension and deferred earnings	All other compensation	Total
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

Officer	Award	Grant date	Threshold units	Target units	Units granted	Maximum units	Exercise price	Grant date fair value
Cristina Méndez	PSU	◇	◇	◇	—	◇	—	◇
Cristina Méndez	RSU	◇	—	—	◇	—	—	◇
Enrique Miñarro Viseras	RSU	◇	—	—	◇	—	—	◇
Enrique Miñarro Viseras	PSU	◇	◇	◇	—	◇	—	◇
Judith Marks	PSU	◇	◇	◇	—	◇	—	◇
Judith Marks	RSU	◇	—	—	◇	—	—	◇
Peiming Zheng	RSU	◇	—	—	◇	—	—	◇
Peiming Zheng	PSU	◇	◇	◇	—	◇	—	◇
Sally Loh	RSU	◇	—	—	◇	—	—	◇
Sally Loh	PSU	◇	◇	◇	—	◇	—	◇
Tracy Embree	PSU	◇	◇	◇	—	◇	—	◇
Tracy Embree	RSU	◇	—	—	◇	—	—	◇

Fiscal 2022 are included in the PDF.

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

Officer	Award	Unvested units	Market value of unvested units	Exercise price	Expires
Judy Marks	PSU	◇	=	—	—
	PSU	◇	◇	—	—
	PSU	◇	=	—	—
	RSU	◇	◇	—	—
	RSU	◇	=	—	—
Perry Zheng	RSU	◇	◇	—	—
	PSU	◇	◇	—	—
Cristina Méndez	RSU	◇	◇	—	—
	PSU	◇	◇	—	—
	RSU	◇	◇	—	—
Enrique Miñarro Viseras	PSU	◇	=	—	—
	RSU	◇	◇	—	—
	RSU	◇	=	—	—
	PSU	◇	◇	—	—
Tracy Embree	PSU	◇	◇	—	—
	RSU	◇	◇	—	—
	RSU	◇	=	—	—
Sally Loh	PSU	◇	◇	—	—

A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Severance and change in control

The terms as written in the agreements.

Peiming Zheng

Terms as described in the company’s compensation discussion

Change-in-control multiple	◇
Benefits continuation on change in control	◇
Non-compete period	◇
Non-solicit period	◇

Sally Loh

President, Otis Greater China · Terms as described in the company’s compensation discussion

Severance multiple	◇
Severance cash amount	◇
Change-in-control multiple	◇
Benefits continuation on change in control	◇
Benefits continuation	◇

Director compensation

What each non-employee director was paid.

Fiscal 2025

Director	Fees earned in cash	Stock awards	Option awards	Non-equity incentive	Pension and deferred earnings	All other compensation	Total
John H. Walker Lead independent director	—	◇	—	—	—	◇	◇
Margaret M. V. Preston	—	◇	—	—	—	◇	◇
Kathy Hopinkah Hannan	◇	◇	—	—	—	◇	◇
Thomas A. Bartlett	◇	◇	—	—	—	◇	◇
Nelda J. Connors	—	◇	—	—	—	◇	◇
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.

Earlier years are included in the PDF.

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.

Year	Meeting	Support	Votes for	Votes against	Abstentions
2025	May 27, 2026	=	◇	◇	◇
2024	May 15, 2025	=	◇	◇	◇
2023	May 16, 2024	=	◇	◇	◇
2022	May 18, 2023	=	◇	◇	◇
2021	May 19, 2022	=	◇	◇	◇
2020	April 27, 2021	=	◇	◇	◇

Chief executive pay ratio

As calculated and reported by the company.

Ratio

◇

Median employee compensation

◇

Chief executive total compensation

◇

Ask our research desk — $99, 24h, every figure cited to its filing.

Sample answer — “What is the CEO’s total compensation?”

- Judith Marks (Chair, Chief Executive Officer and President), FY2025 total compensation $16,977,877 (base salary $1,400,000) [exec_comp, SEC accession 0001140361-26-015389, filed 2026-04-17]

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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 — $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 — $500

Board and governance analysis

Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.

Board Governance Report — $500

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.

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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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Cross-company views, cohort screens, and data export across the industries we cover. This page is one company; the platform is all of them.

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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.

298 figures on this page: 286 cited to the filing that reported them, 12 calculated from figures it prints.

286 cited to the filing

12 calculated from the filing

Documents cited

8-K, filed May 29, 2026
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.
DEF 14A, filed April 17, 2026
0001140361-26-015389
2025 non-employee director compensation · CEO pay ratio · Compensation of directors · Grants of Plan-Based Awards · and 2 more sections
Filing, filed April 17, 2026
8-K, filed May 16, 2025
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.
DEF 14A, filed April 4, 2025
0001140361-25-012360
Summary Compensation Table
8-K, filed May 20, 2024
0001781335-24-000026
DEF 14A, filed April 5, 2024
0001140361-24-018332
Summary Compensation Table
8-K, filed May 22, 2023
0001781335-23-000021
Item 5.07 Submission of Matters to a Vote of Security Holders
DEF 14A, filed April 6, 2023
0001140361-23-017048
Summary Compensation Table
8-K, filed May 23, 2022
0001781335-22-000022
8-K, filed April 29, 2021
0001781335-21-000038

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Velarion, “Otis Worldwide executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/OTIS (accessed 2026).

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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.

$500 for the Executive Compensation Report. Both reports for $900.

Get the executive brief Get the board briefNo account needed.

11 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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Tech — Hardware rankings

Chief executive pay — Tech — Hardware CEO pay ratio — Tech — Hardware Say-on-pay support — Tech — Hardware

Peers Otis Worldwide discloses

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

Carrier Global Corporation Cummins Inc.Dover Corporation Eaton Corporation plc Fluor Corporation Fortive Corporation Illinois Tool Works Inc.Johnson Controls International plc Motorola Solutions, Inc.Parker Hannifin Corporation Rockwell Automation, Inc.Stanley Black & Decker, Inc.TE Connectivity Ltd.Trane Technologies plc Western Digital Corporation

Terms on this page

Say-on-Pay Vote CEO Pay Ratio Median Employee Compensation All 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}
}

More on Otis Worldwide

Frequently asked questions

Executive compensation

Equity awards granted

Outstanding awards

Severance and change in control

Director compensation

Director fee schedule

Disclosed peer group

Say-on-pay history

Chief executive pay ratio

What this page does not include

Citations

Documents cited

The paid brief for Otis Worldwide

Tech — Hardware rankings

Peers Otis Worldwide discloses

Terms on this page