Charles S. Macfarlane - Feb 6, 2024 Form 4 Insider Report for Otter Tail Corp (OTTR)

Role
President & CEO
Signature
/s/ Charles S. MacFarlane by James A. Versteeg, Attorney-in-Fact
Stock symbol
OTTR
Transactions as of
Feb 6, 2024
Transactions value $
$3,313,122
Form type
4
Date filed
2/8/2024, 04:33 PM
Previous filing
Jan 23, 2024
Next filing
Mar 13, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OTTR Common Stock Award $5.6M +60K +40.02% $93.33 210K Feb 6, 2024 Direct F1
transaction OTTR Common Stock Tax liability -$2.76M -29.6K -14.09% $93.33 180K Feb 6, 2024 Direct F2
transaction OTTR Common Stock Options Exercise $891K +9.55K +5.3% $93.33 190K Feb 6, 2024 Direct F3
transaction OTTR Common Stock Tax liability -$418K -4.48K -2.36% $93.33 185K Feb 6, 2024 Direct F2, F4
holding OTTR Common Stock 32.1K Feb 6, 2024 by Grantor Retained Annuity Trust
holding OTTR Common Stock 75.5K Feb 6, 2024 by Spousal Lifetime Access Trust
holding OTTR Common Stock 2.91K Feb 6, 2024 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 +7.9K +790000% $0.00 7.9K Feb 6, 2024 Common Stock 7.9K Direct F3, F5
transaction OTTR Restricted Stock Units Options Exercise $0 -2K -100% $0.00* 0 Feb 6, 2024 Common Stock 0 Direct F3, F5
transaction OTTR Restricted Stock Units Options Exercise $0 -2.88K -50% $0.00 2.88K Feb 6, 2024 Common Stock 2.88K Direct F3, F5
transaction OTTR Restricted Stock Units Options Exercise $0 -2.18K -33.33% $0.00 4.35K Feb 6, 2024 Common Stock 4.35K Direct F3, F5
transaction OTTR Restricted Stock Units Options Exercise $0 -2.5K -25% $0.00 7.5K Feb 6, 2024 Common Stock 7.5K Direct F3, 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 2021).
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 Each restricted stock unit represents a contingent right to receive one share of Otter Tail Corporation stock.
F4 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.
F5 The restricted stock units vest in four equal annual installments beginning the date shown above.