Otter Tail SVP granted 300 restricted stock units
Otter Tail Corp Senior Vice President Todd R. Wahlund received a grant of 300 Restricted Stock Units on April 13, 2026.
Rhea-AI Filing Summary
Otter Tail Corp Senior Vice President Todd R. Wahlund received a grant of 300 Restricted Stock Units on April 13, 2026. Each unit represents a contingent right to receive one share of Otter Tail common stock, issued as part of his equity-based compensation.
The filing shows existing restricted stock unit awards that vest over a four-year period and direct common stock holdings. Direct holdings include shares acquired through the dividend reinvestment plan, the Employee Stock Purchase Plan, and prior restricted stock unit distributions, reflecting a mix of salary, incentive, and reinvested ownership.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 300 shares
Grant/Award
8 txns
Insider
Wahlund Todd R
Role
Senior Vice President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 300 | $0.00 | $0.00 |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 4,025 contracts for 3,725 underlying shares (Direct);
Common Stock — 10,347 shares (Direct);
Common Stock — 3,068 shares (Indirect, By ESOP);
Common Stock — 7 shares (Indirect, By Spouse)
Footnotes (4)
- F1. 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.
- F2. Each restricted stock unit represents a contingent right to receive one share of Otter Tail Corporation stock.
- F3. The restricted stock units vest in four equal annual installments beginning the date shown above
- F4. Restricted stock units vest four years from date shown above
Key Figures
RSU grant: 300 Restricted Stock Units
Direct common stock: 10,347 shares
ESOP holdings: 3,068 shares
+5 more
8 metrics
RSU grant
300 Restricted Stock Units
Grant to Senior Vice President Todd R. Wahlund on April 13, 2026
Direct common stock
10,347 shares
Direct Otter Tail common stock holdings following reported transactions
ESOP holdings
3,068 shares
Indirect common stock held by ESOP for Todd R. Wahlund
Spouse holdings
7 shares
Indirect common stock held by spouse
RSU award 1
600 underlying shares
Restricted stock units exercisable into common stock; exercise date April 8, 2023
RSU award 2
600 underlying shares
Restricted stock units exercisable into common stock; exercise date February 6, 2025
RSU award 3
1,125 underlying shares
Restricted stock units exercisable into common stock; exercise date February 6, 2026
RSU award 4
1,400 underlying shares
Restricted stock units exercisable into common stock; exercise date February 6, 2027
Key Terms
Restricted Stock Units, dividend reinvestment plan, Employee Stock Purchase Plan, ESOP, +1 more
5 terms
Restricted Stock Units financial
"Total direct holdings include shares acquired through ... and shares acquired pursuant to restricted stock unit distributions."
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.
dividend reinvestment plan financial
"Total direct holdings include shares acquired through the dividend reinvestment plan, the Employee Stock Purchase Plan..."
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..."
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.
ESOP financial
"Common Stock ... indirect 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.
contingent right financial
"Each restricted stock unit represents a contingent right to receive one share of Otter Tail Corporation stock."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Otter Tail Corp (OTTR) executive Todd Wahlund receive in this Form 4?
Todd R. Wahlund received a grant of 300 Restricted Stock Units on April 13, 2026. These units are part of his equity compensation and each unit represents a contingent right to receive one share of Otter Tail common stock upon vesting.
How do the 300 Restricted Stock Units for OTTR’s Todd Wahlund work?
The 300 Restricted Stock Units are compensation that can convert into 300 Otter Tail common shares. Footnotes state each unit equals one share and that restricted stock units vest over a four-year period tied to the grant date and service.
What stock and RSU holdings does Todd Wahlund report in Otter Tail (OTTR)?
The filing shows direct common stock holdings of 10,347 shares, plus indirect holdings of 3,068 shares through an ESOP and 7 shares held by his spouse. It also lists several outstanding restricted stock unit awards scheduled to vest over multiple future dates.
How do dividend reinvestment and employee stock plans affect OTTR holdings here?
A footnote explains that Todd Wahlund’s total direct holdings include shares acquired through Otter Tail’s dividend reinvestment plan, the Employee Stock Purchase Plan, and prior restricted stock unit distributions. This indicates part of his position builds automatically through reinvested dividends and employee share purchases.
AI-generated analysis. How Rhea-AI works. Not financial advice.
