Charles S. Macfarlane - Feb 6, 2022 Form 4 Insider Report for Otter Tail Corp (OTTR)

Role
President & CEO
Signature
/s/ Charles S MacFarlane by Ella Leapaldt, Attorney-in-Fact
Stock symbol
OTTR
Transactions as of
Feb 6, 2022
Transactions value $
-$246,929
Form type
4
Date filed
2/7/2022, 05:02 PM
Previous filing
Jan 24, 2022
Next filing
Feb 9, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OTTR Common Stock Options Exercise +8.65K +11.71% 82.5K Feb 6, 2022 Direct F1
transaction OTTR Common Stock Tax liability -$247K -4.06K -4.91% $60.90 78.5K Feb 6, 2022 Direct F2, F3, F4
holding OTTR Common Stock 54.9K Feb 6, 2022 by GRAT
holding OTTR Common Stock 75.5K Feb 6, 2022 by SLAT
holding OTTR Common Stock 2.77K Feb 6, 2022 by ESOP

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction OTTR Restricted Stock Units Options Exercise $0 -1.8K -100% $0.00* 0 Feb 6, 2022 Common Stock 0 Direct F1, F5
transaction OTTR Restricted Stock Units Options Exercise $0 -1.98K -50% $0.00 1.98K Feb 6, 2022 Common Stock 1.98K Direct F1, F5
transaction OTTR Restricted Stock Units Options Exercise $0 -2K -33.33% $0.00 4K Feb 6, 2022 Common Stock 4K Direct F1, F5
transaction OTTR Restricted Stock Units Options Exercise $0 -2.88K -25% $0.00 8.63K Feb 6, 2022 Common Stock 8.63K Direct F1, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit represents a contingent right to receive one share of Otter Tail Corporation common stock.
F2 These shares were withheld by the Corporation to pay taxes due upon vesting of this award, exempt pursuant to Rule 16b-3(e).
F3 Total direct holdings include shares acquired through the Dividend Reinvestment Plan, the Employee Stock Purchase Plan and shares acquired pursuant to Stock Options, Restricted Stock Awards, Restricted Stock Units and Performance Share Awards.
F4 The reporting person no longer has a reportable beneficial interest in 2,082 shares of Otter Tail Corporation stock owned by his daughter and included in the reporting person's prior reports as indirect holdings.
F5 The restricted stock units vest in four equal annual installments beginning the date shown above.