Form 4 for OTTR Otter Tail Corp

Accepted 2023-02-09 00:00:00 ET · period of report 2023-02-07 · accession 0001466593-23-000042 · SEC index · Original document

Summary rows

Aggregated the way they appear in lists: one row per insider, transaction code and security table.

X	Filed	Traded	Ticker	Insider	Title	Type	Price	Qty	Owned	ΔOwn	Value
D	2023-02-09	2023-02-07	OTTR	MOUG KEVIN G	CFO, SVP	A - Grant	$64.65	+11.1K	104.7K	+12%	+$717.6K
D	2023-02-09	2023-02-07	OTTR	MOUG KEVIN G	CFO, SVP	F - Tax	$64.65	-4,783	99.9K	-5%	-$309.2K
D	2023-02-09	2023-02-07	OTTR	MOUG KEVIN G	CFO, SVP	A - Grant	$0.00	+2,200	2,200	New	$0

Purchase Sale Sale after option exercise All abbreviations

#	Table	Security	Date	Code	A/D	Shares	Price	Owned after	Own	Exercise / expiry	Underlying	Footnotes
1	Common	Common Stock	2023-02-07	A	A	11,100	$64.65	104,684	D	—	—	(F1) Represents shares received upon the vesting of certain performance criteria in connection with a Performance Share Award (granted in 2020).
2	Common	Common Stock	2023-02-07	F	D	4,783	$64.65	99,901	D	—	—	(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 jointly held with spouse, shares acquired individually through the Employee Stock Purchase Plan and shares acquired pursuant to Restricted Stock Awards, Restricted Stock Units and Performance Share Awards.
3	Derivative	Restricted Stock Units	2023-02-07	A	A	2,200	$0.00	2,200	D	— · 2024-02-06 to —	2,200 Common Stock	(F4) Each restricted stock unit represents a contingent right to receive one share of Otter Tail Corporation stock. (F5) The restricted stock units vest in four equal annual installments beginning the date shown above.