Otter Tail Corp (OTTR) VP reports sale of 3,500 shares and family stock gifts
Rhea-AI Filing Summary
Otter Tail Corp officer Paul L. Knutson, VP, Human Resources, reported multiple transactions in Common Stock on 2026-08-07. He sold 3,500 shares in open-market or private transactions at a $93.11 weighted average price, with individual sale prices ranging from $92.74 to $93.32 per share. He also completed bona fide gifts totaling 1,450 shares, including 475 shares given to his daughter and 250 shares to his son, which are now reported as indirect holdings of 475 shares "By daughter" and 250 shares "By son". Direct holdings are described as including shares acquired through dividend reinvestment, an Employee Stock Purchase Plan, and equity awards.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 3,500 shares
Net Sell
4 txns
Insider
KNUTSON PAUL L
Role
VP, Human Resources
Sold
3,500 shs ($326K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1, F2 | 3,500 | $93.11 | $326K |
| Gift | Common Stock F3, F2 | 725 | $0.00 | $0.00 |
| Gift | Common Stock F3 | 475 | $0.00 | $0.00 |
| Gift | Common Stock F3 | 250 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 20,770 shares (Direct);
Common Stock — 475 shares (Indirect, By daughter);
Common Stock — 250 shares (Indirect, By son)
Footnotes (3)
- F1. $93.11 is the weighted average sales price of the shares sold. These shares were sold in multiple transactions at prices ranging from $92.74 to $93.32 per share. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- F2. 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.
- F3. This transaction involved the reporting person's gift of 475 shares of common stock to his daughter and 250 shares of common stock to his son.
Key Figures
Shares sold: 3,500 shares
Weighted average sale price: $93.11 per share
Gifted shares total: 1,450 shares
+4 more
7 metrics
Shares sold
3,500 shares
Common Stock sold on 2026-08-07 by VP, Human Resources
Weighted average sale price
$93.11 per share
Weighted average price for 3,500-share sale; trades from $92.74 to $93.32
Gifted shares total
1,450 shares
Bona fide gifts involving family members on 2026-08-07
Gift to daughter
475 shares
Shares of Common Stock gifted to daughter; reported as indirect holding
Gift to son
250 shares
Shares of Common Stock gifted to son; reported as indirect holding
Indirect holdings by daughter
475 shares
Total Common Stock held indirectly "By daughter" after gift
Indirect holdings by son
250 shares
Total Common Stock held indirectly "By son" after gift
Key Terms
weighted average sales price, bona fide gift, Employee Stock Purchase Plan, Restricted Stock Awards, +1 more
5 terms
weighted average sales price financial
""$93.11 is the weighted average sales price of the shares sold""
bona fide gift financial
""transaction code \"G\" ... Bona fide gift""
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
Employee Stock Purchase Plan financial
""include shares acquired individually through dividend reinvestment, 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.
Restricted Stock Awards financial
""acquired pursuant to Restricted Stock Awards and Performance Share 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.
FAQ
What insider transactions did OTTR VP Paul L. Knutson report on August 7, 2026?
On 2026-08-07, VP Paul L. Knutson reported selling 3,500 OTTR shares of Common Stock and making bona fide gifts totaling 1,450 shares. The filing covers both the sale and related family gifts and indirect holdings.
Were the OTTR insider’s transactions made under a Rule 10b5-1 trading plan?
The Rule 10b5-1 checkbox is not marked as affirming a plan in this filing. No footnote states that the sale or gifts occurred pursuant to a pre-arranged trading plan, so plan-based trading is not indicated here.
What types of accounts are included in the OTTR insider’s direct holdings?
Direct holdings are described as including shares acquired through dividend reinvestment, an Employee Stock Purchase Plan, and equity compensation such as Restricted Stock Awards and Performance Share Awards, reflecting multiple sources of directly held Otter Tail Corp stock.
AI-generated analysis. How Rhea-AI works. Not financial advice.
