Otter Tail Corp — Director's Dealing 2022

Feb 9, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Otter Tail Corp (OTTR)
CIK: 0001466593
Period of Report: 2022-02-07

Reporting Person: MACFARLANE CHARLES S (President & CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-02-07	Common Stock	A	41400	$61.37	Acquired	119868	Direct
2022-02-07	Common Stock	F	20436	$61.37	Disposed	99432	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-02-07	Restricted Stock Units	$	A	8700	Acquired		Common Stock (8700)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	54884	Indirect
Common Stock	75459	Indirect
Common Stock	2771	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Restricted Stock Units	$		Common Stock (1975)	1975	Direct
Restricted Stock Units	$		Common Stock (4000)	4000	Direct
Restricted Stock Units	$		Common Stock (8625)	8625	Direct

Footnotes

F1: Represents shares received upon the vesting of certain performance criteria in connection with a Performance Share Award(granted in 2019).

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 acquired through the Dividend Reinvestment Plan, the Employee Stock Purchase Plan and shares acquired pursuant to Stock Options, Restricted Stock Awards, Restricted Stock Units and Performance Share Awards.

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.