Otter Tail Corp — Director's Dealing 2022

Feb 8, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Otter Tail Corp (OTTR)
CIK: 0001466593
Period of Report: 2022-02-06

Reporting Person: MACFARLANE CHARLES S (President & CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-02-06	Common Stock	M	8650	—	Acquired	82523	Direct
2022-02-06	Common Stock	F	4055	$60.8950	Disposed	78468	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-02-06	Restricted Stock Units	$	M	1800	Disposed		Common Stock (0)	Direct
2022-02-06	Restricted Stock Units	$	M	1975	Disposed		Common Stock (1975)	Direct
2022-02-06	Restricted Stock Units	$	M	2000	Disposed		Common Stock (4000)	Direct
2022-02-06	Restricted Stock Units	$	M	2875	Disposed		Common Stock (8625)	Direct

Holdings (Non-Derivative)

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

Footnotes

F1: Each restricted stock unit represents a contingent right to receive one share of Otter Tail Corporation common stock.

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: The reporting person no longer has a reportable beneficial interest in 2,082 shares of Otter Tail Corporation stock owned by his daughter and included in the reporting person's prior reports as indirect holdings.

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