Otter Tail (OTTR) grants SVP Jennifer Smestad 5,800 RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Smestad Jennifer O. reported acquisition or exercise transactions in this Form 4 filing.
Otter Tail Corp reported that SVP, General Counsel & Corporate Secretary Jennifer O. Smestad received a grant of 5,800 restricted stock units (RSUs) on common stock. Each RSU represents a contingent right to receive one share of Otter Tail stock, and these units vest on April 8, 2031.
After this grant, Smestad’s direct holdings include 19,137 shares of common stock plus multiple RSU awards covering 325, 500, 900 and 1,100 underlying shares that vest in four equal annual installments beginning on their stated dates. She also has 488 shares held indirectly through an ESOP. The filing shows no open-market buys or sells, only this compensation-related award.
Positive
- None.
Negative
- None.
Insider Trade Summary
7 transactions reported
Mixed
7 txns
Insider
Smestad Jennifer O.
Role
SVP General Counsel & Corp Sec
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 5,800 | $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 — 5,800 shares (Direct);
Common Stock — 19,137 shares (Direct);
Common Stock — 488 shares (Indirect, By ESOP)
Footnotes (1)
- Total direct holdings include shares held jointly with spouse and shares acquired through the Employee Stock Purchase Plan, the Dividend Reinvestment Plan, and shares acquired pursuant to Restricted Stock Awards and Performance Share Awards. Each restricted stock unit represents a contingent right to receive one share of Otter Tail Corporation stock. The restricted stock units vest on April 8, 2031. The restricted stock units vest in four equal annual installments beginning the date shown above.
Key Figures
New RSU grant: 5,800 units
RSU vesting date: April 8, 2031
Direct common stock: 19,137 shares
+2 more
5 metrics
New RSU grant
5,800 units
Restricted stock units granted on April 13, 2026
RSU vesting date
April 8, 2031
Vesting date for 5,800-unit RSU award
Direct common stock
19,137 shares
Direct Otter Tail common stock holdings after transactions
Indirect ESOP shares
488 shares
Common stock held indirectly through ESOP
Existing RSU positions
325, 500, 900, 1,100 shares
Underlying shares for prior RSU awards, direct ownership
Key Terms
Restricted Stock Units, Employee Stock Purchase Plan, Dividend Reinvestment Plan, Performance Share Awards, +1 more
5 terms
Restricted Stock Units financial
"Each restricted stock unit represents a contingent right to receive one share"
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
"shares acquired through 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.
Dividend Reinvestment Plan financial
"shares acquired through the Employee Stock Purchase Plan, the Dividend Reinvestment 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.
ESOP financial
"Common Stock ... 488.0000 ... 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.
