Kevin G. Moug - Dec 31, 2023 Form 4 Insider Report for Otter Tail Corp (OTTR)

Role
CFO & Sr VP
Signature
/s/ Kevin G. Moug by James A. Versteeg, Attorney-in-Fact
Stock symbol
OTTR
Transactions as of
Dec 31, 2023
Transactions value $
$1,662,863
Form type
4
Date filed
1/2/2024, 04:43 PM
Previous filing
Feb 9, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OTTR Common Stock Award $1.18M +13.8K +13.81% $85.28 114K Dec 31, 2023 Direct F1
transaction OTTR Common Stock Options Exercise $486K +5.7K +5.01% $85.28 119K Dec 31, 2023 Direct F2, F3
holding OTTR Common Stock 368 Dec 31, 2023 By ESOP
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Kevin G. Moug is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Represents shares beneficially owned by the reporting person upon the vesting of Performance Share Awards that were granted in 2022 and 2023. Payout of these shares will be deferred until June 30, 2024 due to IRS section 409A restrictions and may be subject to tax withholding at payout.
F2 Represents shares beneficially owned by the reporting person upon the vesting of Restricted Stock Units that were previously reported. Payout of these shares will be deferred until June 30, 2024 due to IRS section 409A restrictions and may be subject to tax withholding at payout.
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, Restricted Stock Units, and Performance Share Awards.