Form 4: Otter Tail Corp Director Acquires Stock

Otter Tail Corp director Kathryn O. Johnson acquired 1,500 shares of common stock under the 2023 Stock Incentive Plan.

Summary

• Kathryn O. Johnson, a Director at Otter Tail Corp (OTTR), acquired 1,500 shares of common stock on April 13, 2026.
• The acquisition was made under the 2023 Stock Incentive Plan as a grant of Restricted Stock.
• The fair market value of this grant is $91.15 per share.
• These shares will vest in near-equal installments of one-third per year, starting April 8, 2027.
• Following this transaction, Ms. Johnson beneficially owns 29,453 shares of common stock directly.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a neutral to slightly positive filing, as it represents a standard insider stock grant and acquisition, indicating director commitment rather than significant new financial performance.

Positives

• Director acquisition of company stock can signal confidence in the company's future prospects.
• Restricted stock grants indicate a long-term incentive for management to align with shareholder interests.
• The vesting schedule over three years encourages continued commitment and performance.

Future Outlook

The restricted stock grant vests over three years, indicating a long-term commitment and incentive for the director, aligning with the company's future performance.

Industry Context

StockSavvy.ai notes that insider stock acquisitions, particularly by directors, are common within the utility sector as a signal of commitment and belief in the company's stability and long-term growth potential.

Stakeholder Impact

• Shareholders: The acquisition by a director may be viewed positively, signaling confidence in the company's future.

Next Steps

• Vesting of restricted stock in installments starting April 8, 2027.

Key Dates

Keywords

Otter Tail Corp, OTTR, Form 4, SEC Filing, Stock Acquisition, Restricted Stock, Stock Incentive Plan, Director, Beneficial Ownership