Form 4: Otter Tail Corp Director Kathryn O. Johnson Reports Acquisition of Common Stock

Director Kathryn O. Johnson reports acquiring 1,700 shares of Otter Tail Corp common stock through a restricted stock grant.

Summary

• On April 13, 2025, Kathryn O. Johnson, a director of Otter Tail Corp, acquired 1,700 shares of common stock under the 2023 Stock Incentive Plan.
• The grant is a Restricted Stock Award, with shares vesting in near-equal installments of one-third per year beginning April 8, 2026.
• The fair market value of this grant is $77.59 per share.
• Following the reported transaction, Johnson directly holds 27,953 shares of Otter Tail Corp common stock, including shares acquired individually and through Restricted Stock Award distributions.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. A director increasing their stake in the company is generally viewed favorably, suggesting confidence in the company's prospects. However, it's a routine transaction related to compensation.

Positives

• The acquisition of shares by a director signals confidence in the company's future performance.

Future Outlook

The document does not contain specific forward-looking statements regarding the company's future performance, but the vesting schedule of the restricted stock indicates a multi-year commitment from the director.

Industry Context

Insider transactions are closely monitored as they can provide insights into management's perspective on the company's valuation and future prospects. This transaction represents a director's increased stake in the company.

Comparison to Industry Standards

• Comparing this transaction to similar insider filings in the utilities sector, the size of the grant is within a typical range for director compensation.
• Companies like Xcel Energy (XEL) and NextEra Energy (NEE) also utilize stock incentive plans for their directors, with vesting schedules and grant sizes varying based on company performance and individual contributions.

Related Party Transactions

• The stock grant to Kathryn O. Johnson is a related party transaction as she is a director of Otter Tail Corp.

Stakeholder Impact

• The transaction could have a minor positive impact on shareholder sentiment, as it signals confidence from a company director.
• Employees may view the director's increased stake as a positive sign for the company's future.

Key Dates

Keywords

Otter Tail Corp, Director, Kathryn O. Johnson, Stock Incentive Plan, Restricted Stock, Beneficial Ownership, Form 4, OTTR