Otter Tail Corp (OTTR) CFO granted 800 new restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Otter Tail Corp VP and CFO Tyler J. Nelson received a grant of 800 restricted stock units on Common Stock on 2026-04-13 as compensation. The award has a zero exercise price and each unit represents a contingent right to receive one share of Otter Tail Corporation stock.
According to the filing, these restricted stock units vest in four equal annual installments beginning 2027-02-06 and four years from the dates shown for certain prior awards. After the reported transactions, Nelson holds 4,355 shares of Common Stock directly, including shares acquired through the Employee Stock Purchase Plan and restricted stock unit distributions, as well as multiple outstanding restricted stock unit awards.
Positive
- None.
Negative
- None.
Insider Trade Summary
6 transactions reported
Mixed
6 txns
Insider
Nelson Tyler J
Role
VP, Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 800 | $0.00 | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 800 shares (Direct);
Common Stock — 4,355 shares (Direct)
Footnotes (1)
- Total direct holdings include shares acquired through the Employee Stock Purchase Plan and shares acquired pursuant to restricted stock unit distributions 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. Restricted stock units vest four years from date shown above
Key Figures
RSU grant size: 800 restricted stock units
Exercise price of RSUs: $0.00 per unit
Common shares held: 4,355 shares
+4 more
7 metrics
RSU grant size
800 restricted stock units
Grant to VP, Chief Financial Officer on 2026-04-13
Exercise price of RSUs
$0.00 per unit
Restricted stock unit grant on 2026-04-13
Common shares held
4,355 shares
Direct Common Stock holdings following reported transactions
2023 RSU underlying shares
600 shares
Restricted stock units with exercise date 2023-04-08
2024 RSU underlying shares (grant 1)
1,400 shares
Restricted stock units with exercise date 2024-04-08
2024 RSU underlying shares (grant 2)
550 shares
Restricted stock units with exercise date 2024-04-08
2025 RSU underlying shares
550 shares
Restricted stock units with exercise date 2025-04-08
Key Terms
Restricted Stock Units, contingent right, Employee Stock Purchase Plan, vest in four equal annual installments, +1 more
5 terms
Restricted Stock Units financial
"security_title: "Restricted Stock Units" and footnote explaining each unit is a contingent right"
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.
contingent right financial
"Each restricted stock unit represents a contingent right to receive one share of Otter Tail Corporation stock."
Employee Stock Purchase Plan financial
"Total direct holdings include shares acquired through the Employee Stock Purchase Plan and shares acquired pursuant to restricted stock unit distributions"
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.
vest in four equal annual installments financial
"The restricted stock units vest in four equal annual installments beginning the date shown above."
direct ownership financial
"total_shares_following_transaction: "4355.0000" with ownership_type: "direct" and ownership_code: "D""
FAQ
What insider transaction did Otter Tail Corp (OTTR) report for its CFO?
Otter Tail Corp reported that VP and Chief Financial Officer Tyler J. Nelson received a grant of 800 restricted stock units. These units are a form of equity compensation that convert into Common Stock over time, aligning his interests with long-term shareholder value.
How many restricted stock units did the Otter Tail (OTTR) CFO receive and on what terms?
The CFO received 800 restricted stock units tied to Otter Tail Common Stock at an exercise price of $0.00. Each restricted stock unit represents a contingent right to receive one share of stock, delivering full share value without any cash payment on vesting.
What is the vesting schedule for the Otter Tail (OTTR) CFO’s new restricted stock units?
The 800 restricted stock units vest in four equal annual installments beginning 2027-02-06. This multi-year vesting schedule encourages continued service, as Nelson must remain with the company over time to receive the full number of underlying Common Stock shares.
What ongoing equity awards does the Otter Tail (OTTR) CFO have in addition to the new grant?
Beyond the new 800-unit award, the filing lists multiple restricted stock unit positions with underlying shares of 600, 1,400, 550 and 550. These positions, all with a zero exercise price, represent additional future Common Stock that may be delivered as vesting conditions are satisfied.