Paul L. Knutson - Feb 6, 2022 Form 4 Insider Report for Otter Tail Corp (OTTR)

Role
VP of Human Resources
Signature
/s/ Paul L Knutson by Ella Leapaldt, Attorney-in-Fact
Stock symbol
OTTR
Transactions as of
Feb 6, 2022
Transactions value $
-$20,095
Form type
4
Date filed
2/8/2022, 11:29 AM
Next filing
Feb 8, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OTTR Common Stock Options Exercise +825 +5.24% 16.6K Feb 6, 2022 Direct F1
transaction OTTR Common Stock Tax liability -$20.1K -330 -1.99% $60.90 16.2K Feb 6, 2022 Direct F2, F3

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 -200 -100% $0.00* 0 Feb 6, 2022 Common Stock 0 Direct F1, F4
transaction OTTR Restricted Stock Units Options Exercise $0 -200 -50% $0.00 200 Feb 6, 2022 Common Stock 200 Direct F1, F4
transaction OTTR Restricted Stock Units Options Exercise $0 -175 -33.33% $0.00 350 Feb 6, 2022 Common Stock 350 Direct F1, F4
transaction OTTR Restricted Stock Units Options Exercise $0 -250 -25% $0.00 750 Feb 6, 2022 Common Stock 750 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 through dividend reinvestment, Employee Stock Purchase Plan and 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.