Form 4: Otter Tail Corp VP Paul L. Knutson Sells 4,000 Shares Under 10b5-1 Plan

Paul L. Knutson, VP of Human Resources at Otter Tail Corp, sold 4,000 shares of common stock at an average price of $90.66 on May 24, 2024, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On May 24, 2024, Paul L. Knutson, VP of Human Resources at Otter Tail Corp, sold 4,000 shares of common stock.
• The shares were sold at a weighted average price of $90.66, with individual transactions ranging from $90.37 to $90.95 per share.
• The sale was executed automatically under a Rule 10b5-1 trading plan adopted on February 22, 2024.
• Following the transaction, Knutson directly owns 20,359 shares of Otter Tail Corp.
• These holdings include shares acquired through dividend reinvestment, the Employee Stock Purchase Plan, and restricted stock and performance share awards.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing regarding an insider stock sale under a pre-arranged trading plan, indicating a neutral sentiment.

Industry Context

Insider transactions are routinely monitored and reported to the SEC. Sales under 10b5-1 plans are common and allow insiders to sell shares at predetermined times to avoid accusations of trading on inside information.

Stakeholder Impact

• The sale of shares by a company insider could be perceived negatively by some shareholders, although the existence of a 10b5-1 plan mitigates concerns about insider information.

Key Dates