ROGELSTAD TIMOTHY J 4

What Happened

• Timothy J. Rogelstad, Senior Vice President, Electric Platform at Otter Tail Corporation, reported conversion/vesting of 1,625 restricted stock units (RSUs) on 2026-02-06. To satisfy tax withholding, 763 shares were withheld by the company at $87.83 per share for a withholding value of $67,014. That leaves approximately 862 shares delivered to Rogelstad from this vesting event.
• This was an award vesting/tax-withholding event (routine), not an open-market purchase or sale by the insider.

Key Details

• Transaction date: 2026-02-06; filing date: 2026-02-09 (filed timely).
• Reported withholding: 763 shares withheld at $87.83/share = $67,014.
• Gross converted: 1,625 RSUs; net delivered to insider: ~862 shares (1,625 − 763).
• Several additional M-coded entries (400, 450, 350, 425 shares) are reported at $0 — these reflect the mechanics of conversion/settlement of awards and are not open-market sales.
• Footnotes: F1 = each RSU represents a right to one share; F2 = shares withheld to pay taxes, exempt under Rule 16b-3(e); F4 = RSUs vest in four equal annual installments beginning on the date shown.
• Shares owned after the transaction are not specified in the provided filing.

Context

• This was a vesting/conversion of RSUs and tax withholding (codes: M = exercise/conversion of derivative; F = payment of tax liability via share withholding). The withholding is a common mechanics-driven disposition to cover taxes, not a market sell signal.
• Such internal/clerical derivative entries (reported at $0) frequently appear on Form 4s when awards vest and do not necessarily indicate insider buying or selling sentiment.