CHARLES S. MACFARLANE - 07 Feb 2022 Form 4 Insider Report for Otter Tail Corp (OTTR)

Role
President & CEO
Signature
/s/ Charles S MacFarlane by Ella Leapaldt, Attorney-in-Fact
Issuer symbol
OTTR
Transactions as of
07 Feb 2022
Net transactions value
+$1,286,561
Form type
4
Filing time
09 Feb 2022, 10:19:13 UTC
Previous filing
07 Feb 2022
Next filing
24 Jan 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OTTR Common Stock Award $2,540,718 +41,400 +53% $61.37 119,868 07 Feb 2022 Direct F1
transaction OTTR Common Stock Tax liability $1,254,157 -20,436 -17% $61.37 99,432 07 Feb 2022 Direct F2, F3
holding OTTR Common Stock 54,884 07 Feb 2022 by GRAT
holding OTTR Common Stock 75,459 07 Feb 2022 by SLAT
holding OTTR Common Stock 2,771 07 Feb 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 +8,700 $0.000000 8,700 07 Feb 2022 Common Stock 8,700 Direct F4, F5
holding OTTR Restricted Stock Units 1,975 07 Feb 2022 Common Stock 1,975 Direct F4, F5
holding OTTR Restricted Stock Units 4,000 07 Feb 2022 Common Stock 4,000 Direct F4, F5
holding OTTR Restricted Stock Units 8,625 07 Feb 2022 Common Stock 8,625 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 acquired through the Dividend Reinvestment Plan, the Employee Stock Purchase Plan and shares acquired pursuant to Stock Options, Restricted Stock Awards, Restricted Stock Units and Performance Share Awards.
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 beginning the date shown above.