Form 4: Otter Tail Corp CFO Todd Wahlund Reports Stock Transactions
SEC Form 4
Chief Financial Officer of Otter Tail Corp, Todd Wahlund, reports the vesting of restricted stock units and subsequent stock transactions.
Summary
- Todd Wahlund, the CFO of Otter Tail Corp, reported transactions involving the company's common stock on April 8, 2024.
- These transactions included the vesting of 550 restricted stock units, the disposition of 223 shares to cover tax obligations, and the acquisition of 550 shares upon vesting of the restricted stock units at a price of $87.02.
- Following these transactions, Wahlund directly owns 8,182 shares of Otter Tail Corp common stock.
- Wahlund also indirectly owns 2,921 shares through an ESOP and 5 shares through a spouse.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities and holdings in the company.
Stakeholder Impact
- The filing provides transparency to shareholders regarding the CFO's holdings and transactions in the company's stock.
Key Dates
| Date | Description |
|---|---|
| 04/08/2020 | Date of restricted stock units |
| 04/08/2021 | Date of restricted stock units |
| 04/08/2022 | Date of restricted stock units |
| 04/08/2023 | Date of restricted stock units |
| 04/08/2024 | Date of transaction: Vesting of restricted stock units and stock transactions. |
| 02/06/2025 | Date of restricted stock units |
| 04/09/2024 | Date of report. |
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