Form 4: Otter Tail Corp Executive Abbott Reports Stock Transactions

John S. Abbott, Sr VP at Otter Tail Corp, reports acquisition and disposal of common stock and restricted stock units.

Summary

• John S. Abbott, a Senior VP at Otter Tail Corp, filed a Form 4 detailing changes in beneficial ownership.
• On February 12, 2025, Abbott acquired 7,560 shares of common stock at $79.615 per share due to vesting of a performance share award.
• Also on February 12, 2025, 3,798 shares were disposed of at $79.615 per share to cover taxes due upon vesting.
• Abbott's direct holdings following these transactions amount to 45,843 shares.
• Abbott also holds 5,000 shares indirectly through a trust.
• Additionally, Abbott acquired 1,700 restricted stock units on February 11, 2025, which vest annually beginning February 6, 2026.
• Abbott also holds 400 restricted stock units vesting on 02/06/2023, 900 restricted stock units vesting on 02/06/2024, and 1,050 restricted stock units vesting on 02/06/2025.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing stock transactions by a company executive. It doesn't inherently convey positive or negative sentiment.

Industry Context

Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to monitor the actions of those with privileged information.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership by a company insider.

Key Dates