Timothy J. Rogelstad - Feb 7, 2023 Form 4 Insider Report for Otter Tail Corp (OTTR)

Role
Sr VP, Electric Platform
Signature
/s/ Timothy J. Rogelstad by Mitchell L. Bossert, Attorney-in-Fact
Stock symbol
OTTR
Transactions as of
Feb 7, 2023
Transactions value $
$269,461
Form type
4
Date filed
2/9/2023, 03:30 PM
Previous filing
Feb 8, 2023
Next filing
Feb 8, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OTTR Common Stock Award $543K +8.4K +21.13% $64.65 48.2K Feb 7, 2023 Direct F1
transaction OTTR Common Stock Tax liability -$274K -4.23K -8.79% $64.65 43.9K Feb 7, 2023 Direct F2, F3
holding OTTR Common Stock 3.06K Feb 7, 2023 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 Award $0 +1.8K $0.00 1.8K Feb 7, 2023 Common Stock 1.8K Direct F4, F5
holding OTTR Restricted Stock Units 400 Feb 7, 2023 Common Stock 400 Direct F4, F5
holding OTTR Restricted Stock Units 1.15K Feb 7, 2023 Common Stock 1.15K Direct F4, F5
holding OTTR Restricted Stock Units 1.2K Feb 7, 2023 Common Stock 1.2K Direct F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares received upon the vesting of certain performance criteria in connection with a Performance Share Award (granted in 2020).
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 jointly held with spouse, shares acquired individually through the Employee Stock Purchase Plan, and shares acquired pursuant to Restricted Stock Awards and Performance Share Awards.
F4 Each restricted stock unit represents a contingent right to receive one share of Otter Tail Corporation stock.
F5 The restricted stock units vest in four equal annual installments beginning the date shown above.