Todd R. Wahlund - Apr 8, 2025 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, 2025
Transactions value $
$22,014
Form type
4
Date filed
4/9/2025, 01:51 PM
Previous filing
Feb 13, 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 Options Exercise $45.2K +600 +6.86% $75.39 9.35K Apr 8, 2025 Direct F1, F2
transaction OTTR Common Stock Tax liability -$23.2K -308 -3.3% $75.39 9.04K Apr 8, 2025 Direct F2
holding OTTR Common Stock 2.99K Apr 8, 2025 By ESOP
holding OTTR Common Stock 7 Apr 8, 2025 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 -600 -100% $0.00 0 Apr 8, 2025 Common Stock 600 Direct F3
holding OTTR Restricted Stock Units 460 Apr 8, 2025 Common Stock 460 Direct F3, F4
holding OTTR Restricted Stock Units 600 Apr 8, 2025 Common Stock 600 Direct F3, F4
holding OTTR Restricted Stock Units 900 Apr 8, 2025 Common Stock 900 Direct F3, F5
holding OTTR Restricted Stock Units 1.5K Apr 8, 2025 Common Stock 1.5K 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.