Otter Tail Corp — Director's Dealing 2023

Feb 8, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Otter Tail Corp (OTTR)
CIK: 0001466593
Period of Report: 2023-02-06

Reporting Person: MACFARLANE CHARLES S (President & CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-02-06	Common Stock	M	9025	—	Acquired	121673	Direct
2023-02-06	Common Stock	F	4230	$65.335	Disposed	117443	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-02-06	Restricted Stock Units	$	M	1975	Disposed		Common Stock (0.0)	Direct
2023-02-06	Restricted Stock Units	$	M	2000	Disposed		Common Stock (2000.0)	Direct
2023-02-06	Restricted Stock Units	$	M	2875	Disposed		Common Stock (5750.0)	Direct
2023-02-06	Restricted Stock Units	$	M	2175	Disposed		Common Stock (6525.0)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	42673	Indirect
Common Stock	75459	Indirect
Common Stock	2841	Indirect

Footnotes

F1: Each restricted stock unit represents a contingent right to receive one share of Otter Tail Corporation 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 restricted stock units vest in four equal annual installments beginning the date shown above.