CHARLES S. MACFARLANE - 06 Feb 2024 Form 4 Insider Report for Otter Tail Corp (OTTR)

Role
President & CEO
Signature
/s/ Charles S. MacFarlane by James A. Versteeg, Attorney-in-Fact
Issuer symbol
OTTR
Transactions as of
06 Feb 2024
Net transactions value
+$3,313,122
Form type
4
Filing time
08 Feb 2024, 16:33:17 UTC
Previous filing
23 Jan 2024
Next filing
13 Mar 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 $5,599,800 +60,000 +40% $93.33 209,929 06 Feb 2024 Direct F1
transaction OTTR Common Stock Tax liability $2,760,328 -29,576 -14% $93.33 180,353 06 Feb 2024 Direct F2
transaction OTTR Common Stock Options Exercise $891,302 +9,550 +5.3% $93.33 189,903 06 Feb 2024 Direct F3
transaction OTTR Common Stock Tax liability $417,652 -4,475 -2.4% $93.33 185,428 06 Feb 2024 Direct F2, F4
holding OTTR Common Stock 32,118 06 Feb 2024 by Grantor Retained Annuity Trust
holding OTTR Common Stock 75,459 06 Feb 2024 by Spousal Lifetime Access Trust
holding OTTR Common Stock 2,908 06 Feb 2024 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 Award $0 +7,900 +790000% $0.000000 7,901 06 Feb 2024 Common Stock 7,900 Direct F3, F5
transaction OTTR Restricted Stock Units Options Exercise $0 -2,000 -100% $0.000000* 0 06 Feb 2024 Common Stock 0 Direct F3, F5
transaction OTTR Restricted Stock Units Options Exercise $0 -2,875 -50% $0.000000 2,875 06 Feb 2024 Common Stock 2,875 Direct F3, F5
transaction OTTR Restricted Stock Units Options Exercise $0 -2,175 -33% $0.000000 4,350 06 Feb 2024 Common Stock 4,350 Direct F3, F5
transaction OTTR Restricted Stock Units Options Exercise $0 -2,500 -25% $0.000000 7,500 06 Feb 2024 Common Stock 7,500 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 acquired through the Dividend Reinvestment Plan, the Employee Stock Purchase Plan and shares acquired pursuant to Stock Options, Restricted Stock Awards, Restricted Stock Units and Performance Share Awards.
F5 The restricted stock units vest in four equal annual installments beginning the date shown above.