Otter Tail Corp (OTTR) VP Paul Knutson sells 725 indirect shares, holds 20,770 directly
Rhea-AI Filing Summary
Otter Tail Corp VP, Human Resources Paul L. Knutson reported indirect sales of Otter Tail common stock held for his children. On 2026-08-10, 250 shares held "By son" were sold at $92.84 per share, and on 2026-08-11, 475 shares held "By daughter" were sold at $94.63 per share, each in a single transaction. After these sales, the Form 4 shows 0 indirect shares remaining in each of those accounts, while direct holdings total 20,770 shares, including shares acquired through dividend reinvestment, an Employee Stock Purchase Plan, Restricted Stock Awards, and Performance Share Awards.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 725 shares
Net Sell
3 txns
Insider
KNUTSON PAUL L
Role
VP, Human Resources
Sold
725 shs ($68K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F3 | 475 | $94.63 | $45K |
| Sale | Common Stock F2 | 250 | $92.84 | $23K |
| holding | Common Stock F1 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 0 shares (Indirect, By son);
Common Stock — 0 shares (Indirect, By daughter);
Common Stock — 20,770 shares (Direct)
Footnotes (3)
- F1. Total direct holdings include shares acquired individually through dividend reinvestment, Employee Stock Purchase Plan, and acquired pursuant to Restricted Stock Awards and Performance Share Awards.
- F2. The shares were sold in a single transaction at a price of $92.84 per share.
- F3. The shares were sold in a single transaction at a price of $94.63 per share.
Key Figures
Shares sold (son account): 250 shares at $92.84 per share
Shares sold (daughter account): 475 shares at $94.63 per share
Total shares sold: 725 shares
+1 more
4 metrics
Shares sold (son account)
250 shares at $92.84 per share
Indirect holding "By son" sold on 2026-08-10 in a single transaction
Shares sold (daughter account)
475 shares at $94.63 per share
Indirect holding "By daughter" sold on 2026-08-11 in a single transaction
Total shares sold
725 shares
Two indirect sales of common stock reported for August 2026
Direct holdings after transactions
20,770 shares
Direct Otter Tail common stock held after reported August 2026 sales
Key Terms
Employee Stock Purchase Plan, Restricted Stock Awards, Performance Share Awards, indirect
4 terms
Employee Stock Purchase Plan financial
"include shares acquired individually through dividend reinvestment, Employee Stock Purchase Plan, and acquired"
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.
Restricted Stock Awards financial
"individually through dividend reinvestment, Employee Stock Purchase Plan, and acquired pursuant to Restricted Stock Awards"
Restricted stock awards are company shares given to employees or executives that cannot be sold or transferred until certain conditions — like staying with the company for a set time or meeting performance targets — are met, like a gift that is locked in a safe until rules are satisfied. Investors care because these awards tie management’s pay to company performance, can increase the number of shares outstanding when they become tradable (dilution), and may signal expected future selling pressure or commitment to long-term growth.
indirect financial
"The reported sales involve indirect holdings described as "By son" and "By daughter.""
FAQ
What insider transactions did Otter Tail Corp (OTTR) report for Paul L. Knutson?
Paul L. Knutson reported two indirect sales of Otter Tail common stock held for his children, totaling 725 shares over two days in August 2026 at prices above $92 per share.
What are Paul L. Knutson’s direct holdings in Otter Tail Corp (OTTR) after these transactions?
After the reported transactions, Paul L. Knutson’s direct holdings are 20,770 shares of Otter Tail common stock, including shares from dividend reinvestment, an Employee Stock Purchase Plan, Restricted Stock Awards, and Performance Share Awards.
Are the reported Otter Tail Corp (OTTR) sales by Paul L. Knutson direct or indirect holdings?
The reported sales involve indirect holdings described as "By son" and "By daughter." The Form 4 shows these children’s accounts at 0 shares post-sale, while Knutson maintains direct holdings of 20,770 shares.
Were the Otter Tail Corp (OTTR) insider sales made under a Rule 10b5-1 trading plan?
The filing’s Rule 10b5-1 checkbox is not marked as affirming a trading plan (aff_10b5_one is false), and the footnotes do not state that these transactions were made under a Rule 10b5-1 plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
