Smestad Jennifer O - 06 Feb 2024 Form 4 Insider Report for Otter Tail Corp (OTTR)

Role
VP, General Council & Corp Sec
Signature
/s/ Jennifer O. Smestad by James A. Versteeg, Attorney-in-Fact
Issuer symbol
OTTR
Transactions as of
06 Feb 2024
Net transactions value
+$452,744
Form type
4
Filing time
08 Feb 2024, 14:22:41 UTC
Previous filing
09 Feb 2023
Next filing
14 Aug 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 $783,972 +8,400 +73% $93.33 19,849 06 Feb 2024 Direct F1
transaction OTTR Common Stock Tax liability $387,786 -4,155 -21% $93.33 15,694 06 Feb 2024 Direct F2
transaction OTTR Common Stock Options Exercise $121,329 +1,300 +8.3% $93.33 16,994 06 Feb 2024 Direct F3
transaction OTTR Common Stock Tax liability $64,771 -694 -4.1% $93.33 16,300 06 Feb 2024 Direct F2, F4
holding OTTR Common Stock 488 06 Feb 2024 By ESOP
holding OTTR Common Stock 51 06 Feb 2024 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 +1,000 $0.000000 1,000 06 Feb 2024 Common Stock 1,000 Direct F3, F5
transaction OTTR Restricted Stock Units Options Exercise $0 -300 -100% $0.000000* 0 06 Feb 2024 Common Stock 0 Direct F3, F5
transaction OTTR Restricted Stock Units Options Exercise $0 -400 -50% $0.000000 400 06 Feb 2024 Common Stock 400 Direct F3, F5
transaction OTTR Restricted Stock Units Options Exercise $0 -275 -33% $0.000000 550 06 Feb 2024 Common Stock 550 Direct F3, F5
transaction OTTR Restricted Stock Units Options Exercise $0 -325 -25% $0.000000 975 06 Feb 2024 Common Stock 975 Direct F3, 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 2021).
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 Each restricted stock unit represents a contingent right to receive one share of Otter Tail Corporation stock.
F4 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.
F5 The restricted stock units vest in four equal annual installments beginning the date shown above.