Kevin G. Moug - 31 Dec 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
Issuer symbol: OTTR
Transactions as of: 31 Dec 2023
Net transactions value: +$1,662,862
Form type: 4
Filing time: 02 Jan 2024, 16:43:52 UTC
Previous 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	Award	$1,176,795	+13,800	+14%	$85.28	113,701	31 Dec 2023	Direct	F1
transaction	OTTR	Common Stock	Options Exercise	$486,068	+5,700	+5%	$85.28	119,401	31 Dec 2023	Direct	F2, F3
holding	OTTR	Common Stock						368	31 Dec 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.