Smestad Jennifer O - 06 Feb 2025 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 2025
Net transactions value
-$53,950
Form type
4
Filing time
07 Feb 2025, 14:00:22 UTC
Previous filing
14 Aug 2024
Next filing
13 Feb 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OTTR Common Stock Options Exercise +1,250 +10% 13,552 06 Feb 2025 Direct F1
transaction OTTR Common Stock Tax liability $53,950 -683 -5% $78.99 12,869 06 Feb 2025 Direct F2, F3
holding OTTR Common Stock 488 06 Feb 2025 By ESOP
holding OTTR Common Stock 51 06 Feb 2025 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 Options Exercise $0 -400 -100% $0.000000 0 06 Feb 2025 Common Stock 0 Direct F1, F4
transaction OTTR Restricted Stock Units Options Exercise $0 -275 -50% $0.000000 275 06 Feb 2025 Common Stock 275 Direct F1, F4
transaction OTTR Restricted Stock Units Options Exercise $0 -325 -33% $0.000000 650 06 Feb 2025 Common Stock 650 Direct F1, F4
transaction OTTR Restricted Stock Units Options Exercise $0 -250 -25% $0.000000 750 06 Feb 2025 Common Stock 750 Direct F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit represents a contingent right to receive one share of Otter Tail Corporation stock.
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 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.
F4 The restricted stock units vest in four equal annual installments beginning the date shown above.