CHARLES S. MACFARLANE - 06 Feb 2025 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 2025
Net transactions value
-$352,611
Form type
4
Filing time
07 Feb 2025, 14:32:08 UTC
Previous filing
13 Mar 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 +9,525 +4.9% 204,954 06 Feb 2025 Direct F1
transaction OTTR Common Stock Tax liability $352,611 -4,464 -2.2% $78.99 200,490 06 Feb 2025 Direct F2, F3
holding OTTR Common Stock 75,459 06 Feb 2025 by Spousal Lifetime Access Trust
holding OTTR Common Stock 2,974 06 Feb 2025 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 Options Exercise $0 -2,875 -100% $0.000000 0 06 Feb 2025 Common Stock 0 Direct F1, F4
transaction OTTR Restricted Stock Units Options Exercise $0 -2,175 -50% $0.000000 2,175 06 Feb 2025 Common Stock 2,175 Direct F1, F4
transaction OTTR Restricted Stock Units Options Exercise $0 -2,500 -33% $0.000000 5,000 06 Feb 2025 Common Stock 5,000 Direct F1, F4
transaction OTTR Restricted Stock Units Options Exercise $0 -1,975 -25% $0.000000 5,925 06 Feb 2025 Common Stock 5,925 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 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.
F4 The restricted stock units vest in four equal annual installments beginning the date shown above.