Jennifer O. Smestad - Feb 6, 2022 Form 4 Insider Report for Otter Tail Corp (OTTR)

Role
VP, Gen Coun & Corp Sec
Signature
/s/ Jennifer O Smestad by Ella Leapaldt, Attorney-in-Fact
Stock symbol
OTTR
Transactions as of
Feb 6, 2022
Transactions value $
-$43,235
Form type
4
Date filed
2/7/2022, 03:04 PM
Next filing
Feb 9, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OTTR Common Stock Options Exercise +1.3K +33.44% 5.19K Feb 6, 2022 Direct F1
transaction OTTR Common Stock Tax liability -$43.2K -710 -13.69% $60.90 4.48K Feb 6, 2022 Direct F2, F3
holding OTTR Common Stock 465 Feb 6, 2022 by ESOP
holding OTTR Common Stock 48 Feb 6, 2022 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 Options Exercise $0 -300 -100% $0.00* 0 Feb 6, 2022 Common Stock 0 Direct F1, F4
transaction OTTR Restricted Stock Units Options Exercise $0 -300 -50% $0.00 300 Feb 6, 2022 Common Stock 300 Direct F1, F4
transaction OTTR Restricted Stock Units Options Exercise $0 -300 -33.33% $0.00 600 Feb 6, 2022 Common Stock 600 Direct F1, F4
transaction OTTR Restricted Stock Units Options Exercise $0 -400 -25% $0.00 1.2K Feb 6, 2022 Common Stock 1.2K 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 common 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 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 Award distributions.
F4 The restricted stock units vest in four equal annual installments beginning the date shown above.