CHARLES S. MACFARLANE - 06 Feb 2023 Form 4 Insider Report for Otter Tail Corp (OTTR)

Role
President & CEO
Signature
/s/ Charles S. MacFarlane by Mitchell L. Bossert, Attorney-in-Fact
Issuer symbol
OTTR
Transactions as of
06 Feb 2023
Transactions value $
-$276,367
Form type
4
Filing time
08 Feb 2023, 15:29:23 UTC
Previous filing
24 Jan 2023
Next filing
09 Feb 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OTTR Common Stock Options Exercise +9.03K +8.01% 122K 06 Feb 2023 Direct F1
transaction OTTR Common Stock Tax liability -$276K -4.23K -3.48% $65.34 117K 06 Feb 2023 Direct F2, F3
holding OTTR Common Stock 42.7K 06 Feb 2023 by Grantor Retained Annuity Trust
holding OTTR Common Stock 75.5K 06 Feb 2023 by Spousal Lifetime Access Trust
holding OTTR Common Stock 2.84K 06 Feb 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 Options Exercise $0 -1.98K -100% $0.00* 0 06 Feb 2023 Common Stock 0 Direct F1, F4
transaction OTTR Restricted Stock Units Options Exercise $0 -2K -50% $0.00 2K 06 Feb 2023 Common Stock 2K Direct F1, F4
transaction OTTR Restricted Stock Units Options Exercise $0 -2.88K -33.33% $0.00 5.75K 06 Feb 2023 Common Stock 5.75K Direct F1, F4
transaction OTTR Restricted Stock Units Options Exercise $0 -2.18K -25% $0.00 6.53K 06 Feb 2023 Common Stock 6.53K Direct F1, F4
* 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 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 restricted stock units vest in four equal annual installments beginning the date shown above.