Timothy J. Rogelstad - Feb 7, 2022 Form 4 Insider Report for Otter Tail Corp (OTTR)

Role
Sr VP, Elect Plat, Pres OTP
Signature
/s/ Timothy J Rogelstad by Ella Leapaldt, Attorney-in-Fact
Stock symbol
OTTR
Transactions as of
Feb 7, 2022
Transactions value $
$274,999
Form type
4
Date filed
2/8/2022, 05:14 PM
Previous filing
Feb 8, 2022
Next filing
Feb 8, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OTTR Common Stock Award $552K +9K +26.52% $61.37 42.9K Feb 7, 2022 Direct F1
transaction OTTR Common Stock Tax liability -$277K -4.52K -10.52% $61.37 38.4K Feb 7, 2022 Direct F2, F3
holding OTTR Common Stock 2.96K Feb 7, 2022 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 +1.6K $0.00 1.6K Feb 7, 2022 Common Stock 1.6K Direct F4, F5
holding OTTR Restricted Stock Units 425 Feb 7, 2022 Common Stock 425 Direct F4, F5
holding OTTR Restricted Stock Units 800 Feb 7, 2022 Common Stock 800 Direct F4, F5
holding OTTR Restricted Stock Units 1.73K Feb 7, 2022 Common Stock 1.73K 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 2019).
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 jointly held with spouse, shares acquired individually through the Employee Stock Purchase Plan and shares acquired pursuant to Restricted Stock Awards and Performance Award distributions.
F4 Each restricted stock unit represents a contingent right to receive one share of Otter Tail Corporation common stock.
F5 The restricted stock units vest in four equal annual installments which began the date shown above.