Otter Tail (OTTR) CFO details RSU vesting, tax withholding and share holdings
Rhea-AI Filing Summary
Otter Tail Corporation’s Chief Financial Officer Todd R. Wahlund reported equity award activity on February 6, 2026. He acquired 675 shares of common stock through the vesting and settlement of restricted stock units, and the company withheld 119 shares at a price of $87.83 per share to cover taxes due on the award.
Following these transactions, Wahlund directly held 10,029 shares of common stock. He also had indirect holdings of 7 shares through a spouse and 3,048 shares through an ESOP. His derivative holdings included restricted stock units covering 600 shares and 1,125 shares, plus additional RSUs scheduled to vest based on earlier grant dates.
Positive
- None.
Negative
- None.
Insights
CFO’s filing shows routine RSU vesting with tax withholding.
The Chief Financial Officer of Otter Tail Corporation reported conversion of restricted stock units into 675 shares of common stock on February 6, 2026. This stems from long-term incentive grants where each unit represents a right to receive one share.
The company withheld 119 shares at $87.83 per share to cover taxes on vesting, which is standard for equity awards. After these events, he directly held 10,029 common shares plus indirect holdings through a spouse and an ESOP, along with remaining RSUs that vest in annual installments or after four years from the grant dates.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 300 | $0.00 | -- |
| Exercise | Restricted Stock Units | 375 | $0.00 | -- |
| Exercise | Common Stock | 675 | $0.00 | -- |
| Tax Withholding | Common Stock | 119 | $87.83 | $10K |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- Each restricted stock unit represents a contingent right to receive one share of Otter Tail Corporation stock. These shares were withheld by the Corporation to pay taxes due upon vesting of this award, exempt pursuant to Rule 16b-3(e). 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. The restricted stock units vest in four equal annual installments beginning the date shown above. Restricted stock units vest four years from date shown above.
