Charles S. Macfarlane - Mar 12, 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
Stock symbol: OTTR
Transactions as of: Mar 12, 2024
Transactions value $: $0
Form type: 4
Date filed: 3/13/2024, 09:52 AM
Previous filing: Feb 8, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	OTTR	Common Stock	Gift	$0	-23K	-100%	$0.00^*	0	Mar 12, 2024	by Grantor Retained Annuity Trust	F1
holding	OTTR	Common Stock						195K	Mar 12, 2024	Direct	F2
holding	OTTR	Common Stock						75.5K	Mar 12, 2024	by Spousal Lifetime Access Trust
holding	OTTR	Common Stock						2.92K	Mar 12, 2024	by ESOP

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	On March 1, 2021, the reporting person contributed 54,884 shares of Otter Tail Corporation common stock to a grantor retained annuity trust for the benefit of himself and his two adult children. Upon termination of the trust on March 12, 2024, 23,046 of the shares were transferred to the trusts of the reporting person`s children and 9,072 shares were distributed back to the reporting person`s direct holdings. The remaining 22,766 shares were previously distributed to the reporting person and continue to be reported in this Form 4 as directly owned.
F2	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.

Content

On March 1, 2021, the reporting person contributed 54,884 shares of Otter Tail Corporation common stock to a grantor retained annuity trust for the benefit of himself and his two adult children. Upon termination of the trust on March 12, 2024, 23,046 of the shares were transferred to the trusts of the reporting person`s children and 9,072 shares were distributed back to the reporting person`s direct holdings. The remaining 22,766 shares were previously distributed to the reporting person and continue to be reported in this Form 4 as directly owned.

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.