Jennifer O. Smestad - Feb 11, 2025 Form 4 Insider Report for Otter Tail Corp (OTTR)

Role
VP, General Council & Corp Sec
Signature
/s/ Jennifer O. Smestad by James A. Versteeg, Attorney-in-Fact
Stock symbol
OTTR
Transactions as of
Feb 11, 2025
Transactions value $
$213,926
Form type
4
Date filed
2/13/2025, 04:55 PM
Previous filing
Feb 7, 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OTTR Common Stock Award $424K +5.32K +41.34% $79.62 18.2K Feb 12, 2025 Direct F1
transaction OTTR Common Stock Tax liability -$210K -2.63K -14.48% $79.62 15.6K Feb 12, 2025 Direct F2, F3
holding OTTR Common Stock 488 Feb 11, 2025 By ESOP
holding OTTR Common Stock 51 Feb 11, 2025 By Daughter

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 +1.2K $0.00 1.2K Feb 11, 2025 Common Stock 1.2K Direct F4, F5
holding OTTR Restricted Stock Units 275 Feb 11, 2025 Common Stock 275 Direct F4, F5
holding OTTR Restricted Stock Units 650 Feb 11, 2025 Common Stock 650 Direct F4, F5
holding OTTR Restricted Stock Units 750 Feb 11, 2025 Common Stock 750 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 2022).
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 held jointly with spouse and shares acquired through the Employee Stock Purchase Plan, the Dividend Reinvestment 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.