Paul L. Knutson - May 24, 2024 Form 4 Insider Report for Otter Tail Corp (OTTR)

Signature
/s/ Paul L. Knutson by James A. Versteeg, Attorney-in-Fact
Stock symbol
OTTR
Transactions as of
May 24, 2024
Transactions value $
-$362,640
Form type
4
Date filed
5/28/2024, 03:49 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 Sale -$363K -4K -16.42% $90.66 20.4K May 24, 2024 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 $90.66 is the weighted average sales price of the shares sold. These shares were sold in multiple transactions at prices ranging from $90.37 to $90.95 per share. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F2 Total direct holdings include shares acquired individually through dividend reinvestment, Employee Stock Purchase Plan, and acquired pursuant to Restricted Stock Awards and Performance Share Awards.
F3 The reported sale of 4,000 shares occurred automatically pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 22, 2024.