Charles S. Macfarlane - Feb 11, 2025 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 11, 2025
Transactions value $
$1,672,313
Form type
4
Date filed
2/13/2025, 05:10 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 $3.3M +41.4K +20.67% $79.62 242K Feb 12, 2025 Direct F1
transaction OTTR Common Stock Tax liability -$1.63M -20.4K -8.45% $79.62 221K Feb 12, 2025 Direct F2, F3
holding OTTR Common Stock 75.5K Feb 11, 2025 by Spousal Lifetime Access Trust
holding OTTR Common Stock 2.97K Feb 11, 2025 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 +9.9K $0.00 9.9K Feb 11, 2025 Common Stock 9.9K Direct F4, F5
holding OTTR Restricted Stock Units 2.18K Feb 11, 2025 Common Stock 2.18K Direct F4, F5
holding OTTR Restricted Stock Units 5K Feb 11, 2025 Common Stock 5K Direct F4, F5
holding OTTR Restricted Stock Units 5.93K Feb 11, 2025 Common Stock 5.93K 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 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 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.