Otter Tail Corp (OTTR) CFO discloses stock and RSU holdings on Form 3
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Otter Tail Corp VP and Chief Financial Officer Nelson Tyler J filed an initial ownership report showing direct holdings of 4,355 shares of Common Stock. The filing also lists several restricted stock unit (RSU) awards, each representing a contingent right to receive one share of Otter Tail stock.
One RSU grant relates to 600 underlying Common Stock shares that became exercisable on April 8, 2023, and another relates to 1,400 underlying shares tied to a April 8, 2024 date. Two additional RSU awards each cover 550 underlying shares with dates of April 8, 2024 and April 8, 2025.
Footnotes state that total direct holdings include shares acquired through the Employee Stock Purchase Plan and from restricted stock unit distributions, and that RSUs vest four years from the date shown, with each unit representing a contingent right to receive one share of Otter Tail Corporation stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
5 transactions reported
Mixed
5 txns
Insider
Nelson Tyler J
Role
VP, Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 600 shares (Direct);
Common Stock — 4,355 shares (Direct)
Footnotes (1)
- Total direct holdings include shares acquired through the Employee Stock Purchase Plan and shares acquired pursuant to restricted stock unit distributions. Restricted stock units vest four years from date shown above Each restricted stock unit represents a contingent right to receive one share of Otter Tail Corporation stock
Key Figures
Direct common stock holdings: 4,355 shares
RSU underlying shares (2023 grant): 600 shares
RSU underlying shares (2024 grant): 1,400 shares
+3 more
6 metrics
Direct common stock holdings
4,355 shares
Total direct Common Stock after reported holdings
RSU underlying shares (2023 grant)
600 shares
Restricted stock units tied to April 8, 2023 date
RSU underlying shares (2024 grant)
1,400 shares
Restricted stock units tied to April 8, 2024 date
RSU underlying shares (2024 grant 2)
550 shares
Additional RSUs tied to April 8, 2024 date
RSU underlying shares (2025 grant)
550 shares
Restricted stock units tied to April 8, 2025 date
RSU exercise price
$0.00 per unit
Conversion or exercise price for all RSU awards
Key Terms
Restricted stock units, Employee Stock Purchase Plan, contingent right, Common Stock
4 terms
Restricted stock units financial
"The filing also lists several restricted stock unit (RSU) awards"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Employee Stock Purchase Plan financial
"Total direct holdings include shares acquired through the Employee Stock Purchase Plan"
An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.
contingent right financial
"Each restricted stock unit represents a contingent right to receive one share"
Common Stock financial
"direct holdings of 4,355 shares of Common Stock"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
What does Otter Tail Corp (OTTR) CFO Nelson Tyler J report on this Form 3?
The Form 3 shows Otter Tail Corp CFO Nelson Tyler J directly holds 4,355 shares of Common Stock. It also lists multiple restricted stock unit awards that provide contingent rights to receive additional Otter Tail shares over time as they vest.
What restricted stock units are reported for the Otter Tail Corp (OTTR) CFO?
The filing lists several restricted stock unit awards, including one tied to 600 underlying shares and another tied to 1,400 underlying shares. Two additional RSU grants each relate to 550 underlying shares, all representing contingent rights to receive Otter Tail stock.
When do the Otter Tail Corp (OTTR) restricted stock units for the CFO vest?
Footnotes state that restricted stock units vest four years from the date shown for each award. The reported RSUs reference dates of April 8, 2023, April 8, 2024, and April 8, 2025, which determine each grant’s four-year vesting schedule.