Smestad Jennifer O - 07 Feb 2023 Form 4 Insider Report for Otter Tail Corp (OTTR)

Role: VP, General Council & Corp Sec
Signature: /s/ Jennifer O. Smestad by Mitchell L. Bossert, Attorney-in-Fact
Issuer symbol: OTTR
Transactions as of: 07 Feb 2023
Net transactions value: +$204,747
Form type: 4
Filing time: 09 Feb 2023, 15:32:52 UTC
Previous filing: 08 Feb 2023
Next filing: 08 Feb 2024
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	$407,295	+6,300	+76%	$64.65	14,579	07 Feb 2023	Direct	F1
transaction	OTTR	Common Stock	Tax liability	$202,548	-3,133	-21%	$64.65	11,446	07 Feb 2023	Direct	F2, F3
holding	OTTR	Common Stock						477	07 Feb 2023	By ESOP
holding	OTTR	Common Stock						49	07 Feb 2023	By Daughter

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	+1,300		$0.000000	1,300	07 Feb 2023	Common Stock	1,300		Direct	F4, F5
holding	OTTR	Restricted Stock Units						300	07 Feb 2023	Common Stock	300		Direct	F4, F5
holding	OTTR	Restricted Stock Units						800	07 Feb 2023	Common Stock	800		Direct	F4, F5
holding	OTTR	Restricted Stock Units						825	07 Feb 2023	Common Stock	825		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 2020).
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 held jointly with spouse and shares acquired through the Employee Stock Purchase Plan, the Dividend Reinvestment Plan, and shares acquired pursuant to Restricted Stock Awards and Performance Share Awards.
F4	Each restricted stock unit represents a contingent right to receive one share of Otter Tail Corporation stock.
F5	The restricted stock units vest in four equal annual installments beginning the date shown above.