Form 4: Otter Tail Corp Executive Rogelstad Reports Stock Transactions

Timothy Rogelstad, Sr VP at Otter Tail Corp, reports the vesting and disposal of restricted stock units to cover tax obligations.

Summary

• On February 6, 2025, Timothy Rogelstad, Sr VP of Electric Platform at Otter Tail Corp, reported transactions involving common stock and restricted stock units.
• Rogelstad disposed of 833 shares of common stock at $78.99 to cover taxes due upon the vesting of restricted stock units.
• He also acquired 1,775 shares of common stock through the vesting of restricted stock units.
• Following these transactions, Rogelstad directly owns 52,239 shares of common stock and indirectly owns 3,238 shares through an ESOP.
• He also holds restricted stock units representing the right to acquire additional shares of common stock.

Sentiment

Score: 5

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

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.

Comparison to Industry Standards

• Insider transactions are common across publicly traded companies, and the details of these transactions are reported on Form 4 filings.
• The vesting of restricted stock units and subsequent sale of shares to cover taxes is a typical practice in executive compensation.
• The size and frequency of these transactions are generally proportional to the executive's level and the company's compensation policies.

Stakeholder Impact

• The transactions have a minimal impact on shareholders as they are related to executive compensation and tax obligations.

Key Dates

Keywords

Form 4, Insider Trading, Stock Transaction, Restricted Stock Units, Otter Tail Corp, OTTR, Rogelstad, Executive Compensation