Todd R. Wahlund - Apr 8, 2024 Form 4 Insider Report for Otter Tail Corp (OTTR)

Role
Chief Financial Officer
Signature
/s/ Todd R. Wahlund by James A. Versteeg, Attorney-in-Fact
Stock symbol
OTTR
Transactions as of
Apr 8, 2024
Transactions value $
$28,456
Form type
4
Date filed
4/9/2024, 04:51 PM
Previous filing
Feb 8, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OTTR Common Stock Options Exercise $47.9K +550 +7% $87.02 8.41K Apr 8, 2024 Direct F1, F2
transaction OTTR Common Stock Tax liability -$19.4K -223 -2.65% $87.02 8.18K Apr 8, 2024 Direct F2
holding OTTR Common Stock 2.92K Apr 8, 2024 By ESOP
holding OTTR Common Stock 5 Apr 8, 2024 By Spouse

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 -550 -100% $0.00* 0 Apr 8, 2024 Common Stock 550 Direct F3
holding OTTR Restricted Stock Units 600 Apr 8, 2024 Common Stock 600 Direct F3, F4
holding OTTR Restricted Stock Units 460 Apr 8, 2024 Common Stock 460 Direct F3, F4
holding OTTR Restricted Stock Units 600 Apr 8, 2024 Common Stock 600 Direct F3, F4
holding OTTR Restricted Stock Units 1.2K Apr 8, 2024 Common Stock 1.2K Direct F3, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reporting person receives one share of Common Stock for each restricted stock unit that vests.
F2 Total direct holdings include shares acquired through the dividend reinvestment plan, the Employee Stock Purchase Plan, and shares acquired pursuant to restricted stock unit distributions
F3 Each restricted stock unit represents a contingent right to receive one share of Otter Tail Corporation stock.
F4 Restricted stock units vest four years from date shown above.
F5 The restricted stock units vest in four equal annual installments beginning the date shown above.