Form 4: Otter Tail Corp CFO Todd R. Wahlund Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Todd R. Wahlund, CFO of Otter Tail Corp, filed a Form 4 detailing changes in his beneficial ownership of the company's stock, including acquisitions of common stock and restricted stock units.
Summary
- On February 13, 2025, Todd R. Wahlund, the Chief Financial Officer of Otter Tail Corp, filed a Form 4 with the SEC.
- The filing reports changes in his beneficial ownership of Otter Tail Corp securities.
- The reported transactions include the acquisition of 1,500 restricted stock units on February 11, 2025, which vest in four equal annual installments beginning February 6, 2026.
- Wahlund directly owns 8,708 shares of common stock and indirectly owns 2,972 shares through an ESOP and 7 shares through his spouse.
- He also holds various restricted stock units with different vesting schedules.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing, so the sentiment is neutral. It simply reports transactions by an insider.
Industry Context
Form 4 filings are a routine part of regulatory compliance for corporate insiders and provide transparency into their transactions in the company's stock. It's common for executives to receive stock options or restricted stock units as part of their compensation packages.
Stakeholder Impact
- The filing provides transparency to shareholders regarding the CFO's stake in the company.
- It assures stakeholders that the CFO's interests are aligned with theirs.
Key Dates
| Date | Description |
|---|---|
| 04/08/2021 | Date of restricted stock units grant that vest four years from this date. |
| 04/08/2022 | Date of restricted stock units grant that vest four years from this date. |
| 04/08/2023 | Date of restricted stock units grant that vest four years from this date. |
| 02/06/2025 | Date of restricted stock units grant that vest in four equal annual installments beginning this date. |
| 02/11/2025 | Date of transaction: Acquisition of restricted stock units. |
| 02/13/2025 | Date of Form 4 filing. |
| 02/06/2026 | First vesting date for the 1,500 restricted stock units acquired on 02/11/2025. |
Keywords
Form 4, beneficial ownership, restricted stock units, common stock, Otter Tail Corp, Wahlund, ESOP, insider trading
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