Otter Tail Corp — Director's Dealing 2021

Feb 12, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Otter Tail Corp (OTTR)
CIK: 0001466593
Period of Report: 2021-02-10

Reporting Person: MOUG KEVIN G (CFO & Sr VP)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-02-10	Common Stock	A	9252	$42.345	Acquired	88037	Direct
2021-02-10	Common Stock	F	4004	$42.345	Disposed	84033	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-02-10	Restricted Stock Units	$	A	2900	Acquired		Common Stock (2900)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	341	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Restricted Stock Units	$		Common Stock (600)	600	Direct
Restricted Stock Units	$		Common Stock (1150)	1150	Direct
Restricted Stock Units	$		Common Stock (1650)	1650	Direct

Footnotes

F1: Represents shares received upon the vesting of certain performance criteria in connection with a Performance Share Award(granted in 2018).

F2: These shares were withheld by the Corporation to pay taxes due upon vesting of this award, exempt pursuant to Rule 16b-3(e).

F3: Total direct holdings include shares jointly held with spouse, shares acquired individually through the Employee Stock Purchase Plan and shares acquired pursuant to Restricted Stock Awards and Performance Award distributions.

F4: Each restricted stock unit represents a contingent right to receive one share of Otter Tail Corporation common stock.

F5: The restricted stock units vest in four equal annual installments beginning the date shown above.