Otter Tail CFO exercises 460 RSUs, boosts holdings
Otter Tail Corp Chief Financial Officer Todd R. Wahlund exercised 460 restricted stock units into Common Stock.
Rhea-AI Filing Summary
Otter Tail Corp Chief Financial Officer Todd R. Wahlund exercised 460 restricted stock units into Common Stock. The shares were valued at $90.11 each for reporting purposes. To cover tax obligations, 186 shares of Common Stock were withheld, leaving a net increase of 274 shares in his direct holdings.
After these transactions, Wahlund directly owns 10,347 shares of Otter Tail Common Stock. He also has indirect ownership of 3,068 shares through an ESOP and 7 shares held by his spouse, and retains multiple tranches of unvested restricted stock units that each convert into one share when they vest.
Positive
- None.
Negative
- None.
Insider Trade Summary
460 shares exercised/converted
Exercise
9 txns
Insider
Wahlund Todd R
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 460 | $0.00 | $0.00 |
| Exercise | Common Stock | 460 | $90.11 | $41K |
| Exercise Price or Tax Liability | Common Stock | 186 | $90.11 | $17K |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 3,725 contracts (Direct);
Common Stock — 10,347 shares (Direct);
Common Stock — 3,068 shares (Indirect, By ESOP);
Common Stock — 7 shares (Indirect, By Spouse)
Footnotes (5)
- F1. The reporting person receives one share of Common Stock for each restricted stock unit that vests.
- F2. Total direct holdings include shares acquired through the dividend reinvestment plan, the Employee Stock Purchase Plan, and shares acquired pursuant to restricted stock unit distributions.
- F3. Each restricted stock unit represents a contingent right to receive one share of Otter Tail Corporation stock
- F4. Restricted stock units vest four years from date shown above
- F5. The restricted stock units vest in four equal annual installments beginning the date shown above
Key Figures
RSUs exercised: 460 units / 460 shares
Reporting share value: $90.11 per share
Shares withheld for taxes: 186 shares
+4 more
7 metrics
RSUs exercised
460 units / 460 shares
Restricted Stock Units converted into Common Stock
Reporting share value
$90.11 per share
Value used for Common Stock transactions on exercise date
Shares withheld for taxes
186 shares
Code F tax-withholding disposition on equity vesting
Direct holdings after transaction
10,347 shares
CFO direct Otter Tail Common Stock ownership after Form 4
Indirect ESOP holdings
3,068 shares
Common Stock held indirectly through ESOP
Indirect spouse holdings
7 shares
Common Stock held indirectly by spouse
Outstanding RSU tranches
600, 600, 1,125, 1,400 shares
Underlying Common Stock for remaining restricted stock units
Key Terms
Restricted Stock Units, Exercise or conversion of derivative security, tax-withholding disposition, dividend reinvestment plan, +1 more
5 terms
Restricted Stock Units financial
"The reporting person receives one share of Common Stock for each restricted stock unit that vests."
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.
Exercise or conversion of derivative security financial
"transaction_code_description: Exercise or conversion of derivative security"
tax-withholding disposition financial
"transaction_action: tax-withholding disposition"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
dividend reinvestment plan financial
"Total direct holdings include shares acquired through the dividend reinvestment plan, the Employee Stock Purchase Plan, and shares acquired pursuant to restricted stock unit distributions."
A dividend reinvestment plan lets shareholders automatically use cash dividends to buy more shares of the same company instead of receiving the money. It matters to investors because it turns regular payouts into a steady way to grow ownership and take advantage of compound returns—like having your savings automatically buy additional slices of a pie over time—while often reducing transaction costs and smoothing purchase timing.
Employee Stock Purchase Plan financial
"Total direct holdings include shares acquired through the dividend reinvestment plan, the Employee Stock Purchase Plan, and shares acquired pursuant to restricted stock unit distributions."
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Otter Tail (OTTR) CFO Todd Wahlund do in this Form 4 filing?
Otter Tail CFO Todd Wahlund exercised 460 restricted stock units into Common Stock. The transaction is a routine compensation-related equity vesting rather than an open-market buy or sell, reflecting stock-based pay converting into actual shares.
What restricted stock units remain outstanding for the Otter Tail (OTTR) CFO?
The filing shows several restricted stock unit awards still outstanding, including tranches tied to 600, 600, 1,125 and 1,400 underlying Common shares. Each unit represents a contingent right to receive one share when the vesting conditions are met.
AI-generated analysis. How Rhea-AI works. Not financial advice.
