Johnson Kathryn O 4

What Happened Kathryn O. Johnson, a director of Otter Tail Corp (OTTR), was granted 1,500 shares of restricted common stock on April 13, 2026 under the company’s 2023 Stock Incentive Plan (transaction code A). The grant has a reported fair market value of $91.15 per share (total ≈ $136,725). These shares are restricted and will vest in near-equal installments of one-third per year beginning April 8, 2027.

Key Details

• Transaction date: April 13, 2026; Form 4 filed April 14, 2026 (timely filing).
• Security: Common stock granted as Restricted Stock Award under the 2023 Stock Incentive Plan (code A).
• Shares granted: 1,500; FMV per share: $91.15; total reported value ≈ $136,725.
• Vesting: One-third per year starting April 8, 2027 (see footnote F1).
• Shares owned after transaction: not specified in the provided details; footnote F3 says total direct holdings include individually held shares plus restricted award distributions.

Context Restricted stock awards are standard compensation/retention tools for directors and are not open-market purchases or sales. Because these shares vest over time, they are designed to align the director’s interests with long-term shareholder value rather than represent an immediate liquidity event. This filing does not indicate selling or buying on the open market.