Form 4: Otter Tail Corp Director Nathan I. Partain Reports Acquisition of Common Stock

Director Nathan I. Partain reports acquisition of Otter Tail Corp common stock through a restricted stock grant and dividend reinvestment.

Summary

• On April 13, 2025, Nathan I. Partain, a director of Otter Tail Corp, acquired 2,200 shares of common stock under the 2023 Stock Incentive Plan.
• These shares are a grant of restricted stock that will vest in near-equal installments of one-third per year, starting April 8, 2026.
• The grant has a fair market value of $77.59 per share.
• Partain also directly holds 8,741 shares acquired through the Dividend Reinvestment Plan and restricted stock award distributions.
• Additionally, Partain indirectly owns 67,561 shares through a trust and 1,600 shares through an IRA.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. Insider ownership is generally viewed favorably, but the filing itself is a routine disclosure.

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.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, which can influence investor sentiment.

Comparison to Industry Standards

• Comparing Otter Tail Corp's insider ownership to peers like ALLETE Inc. and Black Hills Corp. can provide context on management's alignment with shareholder interests.
• Reviewing similar restricted stock grants at comparable utilities can benchmark the vesting schedules and fair market value.

Stakeholder Impact

• The acquisition of shares by a director can positively influence shareholder confidence.
• The vesting schedule of the restricted stock aligns the director's interests with the long-term success of the company, benefiting shareholders.

Key Dates

Keywords

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