Form 4: Otter Tail Corp Director LeBeau Acquires Shares Under Stock Incentive Plan

Director Michael E. LeBeau acquired shares of Otter Tail Corp common stock through the 2023 Stock Incentive Plan and other compensation plans.

Summary

• On April 13, 2025, Michael E. LeBeau, a director of Otter Tail Corp, acquired 1,700 shares of common stock under the 2023 Stock Incentive Plan.
• These shares are restricted stock and will vest in near-equal installments of one-third per year beginning April 8, 2026.
• The grant has a fair market value of $77.59 per share.
• LeBeau's total direct holdings include shares acquired individually pursuant to Restricted Stock Award distributions and shares received pursuant to Otter Tail Corporation's Compensation Plan for Outside Directors.
• He also acquired 7,800 shares.

Sentiment

Score: 7

Explanation: The sentiment is moderately positive as it reflects insider confidence through stock acquisition, although it's a routine transaction.

Positives

• The acquisition of shares by a director signals confidence in the company's future performance.
• The vesting schedule of the restricted stock aligns the director's interests with the long-term success of the company.

Future Outlook

The document does not contain specific forward-looking statements, but the vesting schedule of the restricted stock suggests a multi-year commitment from the director.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency regarding the transactions of company insiders. This filing indicates that a director has acquired shares, which is generally viewed positively by investors.

Stakeholder Impact

• The acquisition of shares by a director can positively influence shareholder sentiment.

Key Dates

Keywords

Otter Tail Corp, Director, Stock Incentive Plan, Restricted Stock, Beneficial Ownership, Form 4