Otter Tail (OTTR) VP Paul Knutson Sells 3,500 Shares

What Happened

• Paul L. Knutson, Vice President of Human Resources at Otter Tail Corporation, sold 3,500 shares in an open-market transaction on August 7, 2026 for a weighted average price of $93.11, generating approximately $325,885 in proceeds. On the same date he also made gifts totaling 725 shares (475 shares to his daughter and 250 shares to his son).

Key Details

• Transaction date: August 7, 2026; Form 4 filed: August 11, 2026 (filed 4 days after the transaction).
• Sale: 3,500 shares sold, weighted average price $93.11; reported price range $92.74–$93.32 (filing offers to provide per‑trade details on request). Proceeds ≈ $325,885.
• Gifts: 725 shares disposed as gifts (475 to daughter, 250 to son), reported at $0.00 per share (codes: G).
• Shares owned after the reported transactions: not specified in the provided filing excerpt.
• Footnotes: F1 explains the weighted-average price and per-trade range; F2 notes total direct holdings include shares from dividend reinvestment, ESPP, and awards; F3 clarifies the gift recipients.
• No option exercises or 10b5-1 plan disclosure in the provided data.

Context

• The primary action was a routine open-market sale; such sales are common and do not necessarily indicate a change in view on the company. Gifts are personal transfers and do not reflect trading sentiment. Note the Form 4 was filed several days after the transactions, which is later than the typical 2-business-day reporting expectation for insiders.