Otter Tail Corp — Director's Dealing 2023

Feb 9, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Otter Tail Corp (OTTR)
CIK: 0001466593
Period of Report: 2023-02-07

Reporting Person: ROGELSTAD TIMOTHY J (Sr VP, Electric Platform)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-02-07	Common Stock	A	8400	$64.65	Acquired	48151	Direct
2023-02-07	Common Stock	F	4232	$64.65	Disposed	43919	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-02-07	Restricted Stock Units	$	A	1800	Acquired		Common Stock (1800.0)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	3060	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Restricted Stock Units	$		Common Stock (400.0)	400	Direct
Restricted Stock Units	$		Common Stock (1150.0)	1150	Direct
Restricted Stock Units	$		Common Stock (1200.0)	1200	Direct

Footnotes

F1: Represents shares received upon the vesting of certain performance criteria in connection with a Performance Share Award (granted in 2020).

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 Share Awards.

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

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