Otter Tail director gets 1,500-share stock grant
ERICKSON JOHN D reported acquisition or exercise transactions in this Form 4 filing.
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Form Type
4
Rhea-AI Filing Summary
ERICKSON JOHN D reported acquisition or exercise transactions in this Form 4 filing.
Otter Tail Corp director John D. Erickson received a grant of 1,500 shares of Common Stock on April 13, 2026 as an equity award. The award was made under the 2023 Stock Incentive Plan as Restricted Stock.
The granted shares will vest in near-equal installments of one-third per year beginning April 8, 2027, spreading the benefit over three years. After this grant, Erickson directly holds 3,133 shares. He also has indirect holdings of Common Stock through a trust and an IRA, reported separately.
Insider Trade Summary
Grant/Award: 1,500 shares
Grant/Award
3 txns
Insider
ERICKSON JOHN D
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,500 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 3,133 shares (Direct);
Common Stock — 145,956 shares (Indirect, By Trust);
Common Stock — 4,516 shares (Indirect, By IRA)
Footnotes (3)
- F1. Shares of Common Stock acquired under the 2023 Stock Incentive Plan, which is a grant of Restricted Stock. The shares granted on April 13, 2026 will vest in near-equal installments of one-third per year beginning April 8, 2027.
- F2. This grant has a fair market value of $91.15.
- F3. Total direct holdings include shares acquired individually and pursuant to Restricted Stock Award distributions.
Key Figures
Restricted Stock grant: 1,500 shares
Direct holdings after grant: 3,133 shares
Trust holdings: 145,956 shares
+3 more
6 metrics
Restricted Stock grant
1,500 shares
Grant to director John D. Erickson on April 13, 2026
Direct holdings after grant
3,133 shares
Common Stock directly held by John D. Erickson after award
Trust holdings
145,956 shares
Common Stock held indirectly by trust
IRA holdings
4,516 shares
Common Stock held indirectly by IRA
Grant fair market value
$91.15
Fair market value stated for the grant
Vesting start date
April 8, 2027
Vesting of Restricted Stock begins, one-third per year
Key Terms
Restricted Stock, 2023 Stock Incentive Plan, fair market value, By Trust, +1 more
5 terms
Restricted Stock financial
"which is a grant of Restricted Stock. The shares granted on April 13, 2026"
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
2023 Stock Incentive Plan financial
"Shares of Common Stock acquired under the 2023 Stock Incentive Plan"
fair market value financial
"This grant has a fair market value of $91.15."
The price a willing buyer and a willing seller would agree on for an asset or security when neither is under pressure and both have access to the same information. Think of it as the market’s neutral estimate of what something is worth, like the price two neighbors would settle on for a car after comparing similar listings. Investors care because fair market value guides buying and selling decisions, tax reporting, portfolio valuation, and how accurately company assets are reflected in financial statements.
By Trust financial
""nature_of_ownership": "By Trust""
By IRA financial
""nature_of_ownership": "By IRA""
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Otter Tail Corp (OTTR) report for John D. Erickson?
Otter Tail Corp reported that director John D. Erickson received a grant of 1,500 shares of Common Stock. The grant was made as Restricted Stock under the 2023 Stock Incentive Plan on April 13, 2026, as part of his equity compensation.
How is the new Restricted Stock grant to Otter Tail (OTTR) director John D. Erickson structured?
The 1,500-share grant to John D. Erickson is Restricted Stock that will vest in near-equal installments of one-third per year. Vesting begins on April 8, 2027, creating a three-year vesting period that encourages longer-term alignment with shareholders.
What is the reported fair market value of John D. Erickson’s Otter Tail (OTTR) stock grant?
The filing states that this grant has a fair market value of $91.15. This figure comes from the company’s description of the award and helps indicate the approximate value the company assigned to the equity granted to the director.
What indirect Otter Tail (OTTR) holdings are reported for John D. Erickson?
The filing reports that John D. Erickson has 145,956 shares of Common Stock held indirectly by a trust and 4,516 shares held indirectly by an IRA. These positions are reported as indirect ownership, separate from his directly held shares.
Was John D. Erickson’s Otter Tail (OTTR) grant an open-market purchase?
No, the transaction is classified as a grant or award acquisition, not an open-market purchase. The shares were granted under the 2023 Stock Incentive Plan as Restricted Stock, with no purchase price per share disclosed in the reported transaction.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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