1,400 RSUs granted to Otter Tail Corp (OTTR) president Rogelstad
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ROGELSTAD TIMOTHY J reported acquisition or exercise transactions in this Form 4 filing.
Otter Tail Corp President Timothy J. Rogelstad received a grant of 1,400 restricted stock units on April 13, 2026. Each unit represents a contingent right to cash equal to the fair market value of one common share and vests in four equal annual installments. After this award, he also holds 61,089 common shares directly and 3,371 shares indirectly through an ESOP.
Positive
- None.
Negative
- None.
Insider Trade Summary
7 transactions reported
Mixed
7 txns
Insider
ROGELSTAD TIMOTHY J
Role
President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 1,400 | $0.00 | -- |
| 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 — 1,400 shares (Direct);
Common Stock — 61,089 shares (Direct);
Common Stock — 3,371 shares (Indirect, By ESOP)
Footnotes (1)
- 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. Each restricted stock unit represents a contingent right to receive a cash payment equal to the fair market value of one share of Otter Tail Corporation common stock upon vesting. The restricted stock units vest in four equal annual installments beginning the date shown above. Each restricted stock unit represents a contingent right to receive one share of Otter Tail Corporation stock.
Key Figures
RSU grant: 1,400 restricted stock units
Direct common stock holdings: 61,089 shares
Indirect ESOP holdings: 3,371 shares
+4 more
7 metrics
RSU grant
1,400 restricted stock units
Granted April 13, 2026 to company president
Direct common stock holdings
61,089 shares
Common stock held directly after reported transactions
Indirect ESOP holdings
3,371 shares
Common stock held indirectly through ESOP
RSUs underlying shares 2024 tranche
450 shares
Restricted stock units linked to common stock
RSUs underlying shares 2025 tranche
700 shares
Restricted stock units linked to common stock
RSUs underlying shares 2026 tranche
1,275 shares
Restricted stock units linked to common stock
RSUs underlying shares 2027 tranche
1,600 shares
Restricted stock units linked to common stock
Key Terms
Restricted Stock Units, Employee Stock Purchase Plan, Performance Share Awards, dividend reinvestment, +1 more
5 terms
Restricted Stock Units financial
"security_title: "Restricted Stock Units" with underlying Otter Tail common stock"
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 individually through dividend reinvestment, Employee Stock Purchase Plan, and awards."
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.
dividend reinvestment financial
"Total direct holdings include shares acquired individually through dividend reinvestment, Employee Stock Purchase Plan, and awards."
Dividend reinvestment is when the money earned from a company's profit sharing, called dividends, is automatically used to buy more shares of that company instead of being received as cash. This process helps investors grow their holdings over time without extra effort, much like using earned interest to buy more of a savings account. It encourages long-term investment growth by continuously increasing the amount of shares owned.
ESOP financial
"Common Stock holdings of 3,371 shares are held indirectly, nature of ownership: By ESOP."
An Employee Stock Ownership Plan (ESOP) is a program that gives employees ownership shares in their company, often as part of their benefits package. It acts like a company-sponsored savings plan, allowing workers to have a stake in the company's success, which can boost motivation and loyalty. For investors, ESOPs can influence company decisions and stock value, making them an important aspect of corporate ownership and governance.
FAQ
What did Otter Tail Corp (OTTR) President Timothy Rogelstad receive in this Form 4?
Timothy Rogelstad received a grant of 1,400 restricted stock units on April 13, 2026. These units are part of his equity compensation and settle in cash based on the fair market value of Otter Tail common stock when they vest.
How do the new restricted stock units for OTTR’s president vest?
The 1,400 restricted stock units vest in four equal annual installments beginning on the date specified for the award. This structure spreads the compensation over several years, encouraging long-term retention and alignment with Otter Tail Corp’s performance.
What does each restricted stock unit represent for Otter Tail Corp (OTTR)?
Each restricted stock unit represents a contingent right to receive a cash payment equal to the fair market value of one share of Otter Tail common stock upon vesting. This means the award tracks the share price without immediately issuing stock.
What other equity-based awards does the OTTR president have outstanding?
In addition to the new grant, Rogelstad has restricted stock units linked to 450, 700, 1,275 and 1,600 underlying shares of common stock. These derivative positions represent future rights tied to Otter Tail’s share value as they vest over time.
Is this Form 4 for an open-market stock purchase or sale by Otter Tail’s president?
No, this Form 4 reflects a grant of restricted stock units as compensation, not an open-market buy or sell. The transaction code is an award, and there are no reported purchases or sales of common stock in the market in this filing.