John S. Abbott - 06 Feb 2022 Form 4 Insider Report for Otter Tail Corp (OTTR)

Role
Pres Varistar, Sr VP, M/I Plat
Signature
/s/ John S Abbott by Ella Leapaldt, Attorney-in-Fact
Issuer symbol
OTTR
Transactions as of
06 Feb 2022
Net transactions value
-$52,918
Form type
4
Filing time
08 Feb 2022, 11:06:56 UTC
Next filing
08 Feb 2022
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 +1,850 +7.9% 25,415 06 Feb 2022 Direct F1
transaction OTTR Common Stock Tax liability $52,918 -869 -3.4% $60.90 24,546 06 Feb 2022 Direct F2, F3
holding OTTR Common Stock 5,000 06 Feb 2022 by Trust

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 -450 -100% $0.000000* 0 06 Feb 2022 Common Stock 0 Direct F1, F4
transaction OTTR Restricted Stock Units Options Exercise $0 -425 -50% $0.000000 425 06 Feb 2022 Common Stock 425 Direct F1, F4
transaction OTTR Restricted Stock Units Options Exercise $0 -400 -33% $0.000000 800 06 Feb 2022 Common Stock 800 Direct F1, F4
transaction OTTR Restricted Stock Units Options Exercise $0 -575 -25% $0.000000 1,725 06 Feb 2022 Common Stock 1,725 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 acquired individually pursuant to Restricted Stock Awards and Performance Share Award distributions.
F4 The restricted stock units vest in four equal annual installments beginning the date shown above.