Form 4: Otter Tail Corp Director Thomas J. Webb Reports Acquisition of Common Stock

Director Thomas J. Webb reports acquisition of 1,700 shares of Otter Tail Corp common stock through a restricted stock grant.

Summary

• On April 13, 2025, Thomas J. Webb, a director of Otter Tail Corp, acquired 1,700 shares of common stock under the 2023 Stock Incentive Plan.
• These shares represent a grant of restricted stock that will vest in near-equal installments of one-third per year, starting on April 8, 2026.
• The fair market value of the grant is $77.59 per share.
• Following the transaction, Webb directly holds 16,100 shares, including those acquired individually and through restricted stock award distributions.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine filing indicating a director's acquisition of shares, which is neither overtly positive nor negative.

Positives

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

Future Outlook

The document does not contain specific forward-looking statements about the company's future performance beyond the vesting schedule of the restricted stock.

Industry Context

This filing is a routine disclosure related to insider transactions and provides limited insight into broader industry trends. However, insider activity is generally monitored by investors as an indicator of management's sentiment towards the company's prospects.

Stakeholder Impact

• The acquisition of shares by a director could have a slightly positive impact on shareholder sentiment.

Key Dates

Keywords

Form 4, Director, Stock Incentive Plan, Restricted Stock, Beneficial Ownership, Otter Tail Corp, OTTR, Webb, Thomas J. Webb