Otter Tail Corp (OTTR) VP reports 6,000-share award and 1,100 RSU grant
Rhea-AI Filing Summary
Otter Tail Corp VP and General Counsel Jennifer O. Smestad reported equity awards and related share movements in company stock. On February 11, 2026, she acquired 6,000 shares of common stock at $86.43 per share upon vesting of a 2023 performance share award, then had 3,031 shares withheld at the same price to cover taxes. After these transactions, she directly owned 19,137 common shares and indirectly held 488 shares through an ESOP.
On February 10, 2026, she was granted 1,100 restricted stock units at a conversion price of $0, each representing one share of Otter Tail common stock. These RSUs vest in four equal annual installments beginning February 6, 2027, and she also reported existing RSU positions of 325, 500, and 900 units with earlier vesting schedules.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 6,000 | $86.43 | $519K |
| Tax Withholding | Common Stock | 3,031 | $86.43 | $262K |
| Grant/Award | Restricted Stock Units | 1,100 | $0.00 | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- Represents shares received upon the vesting of certain performance criteria in connection with a Performance Share Award (granted in 2023). 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 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 in four equal annual installments beginning the date shown above.
