Timothy J. Rogelstad - 06 Feb 2023 Form 4 Insider Report for Otter Tail Corp (OTTR)

Role
Sr VP, Electric Platform
Signature
/s/ Timothy J. Rogelstad by Mitchell L. Bossert, Attorney-in-Fact
Issuer symbol
OTTR
Transactions as of
06 Feb 2023
Net transactions value
-$55,273
Form type
4
Filing time
08 Feb 2023, 15:24:04 UTC
Previous filing
08 Feb 2022
Next filing
09 Feb 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 Options Exercise +1,800 +4.6% 40,597 06 Feb 2023 Direct F1
transaction OTTR Common Stock Tax liability $55,273 -846 -2.1% $65.34 39,751 06 Feb 2023 Direct F2, F3
holding OTTR Common Stock 3,060 06 Feb 2023 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 Options Exercise $0 -425 -100% $0.000000* 0 06 Feb 2023 Common Stock 0 Direct F1, F4
transaction OTTR Restricted Stock Units Options Exercise $0 -400 -50% $0.000000 400 06 Feb 2023 Common Stock 400 Direct F1, F4
transaction OTTR Restricted Stock Units Options Exercise $0 -575 -33% $0.000000 1,150 06 Feb 2023 Common Stock 1,150 Direct F1, F4
transaction OTTR Restricted Stock Units Options Exercise $0 -400 -25% $0.000000 1,200 06 Feb 2023 Common Stock 1,200 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 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 jointly held with spouse, shares acquired individually through the Employee Stock Purchase Plan, and shares acquired pursuant to Restricted Stock Awards and Performance Share Awards.
F4 The restricted stock units vest in four equal annual installments beginning the date shown above.