Otter Tail Corp·4

Feb 9, 4:52 PM ET

Abbott John S 4

Research Summary

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Updated

Otter Tail (OTTR) Sr. VP John Abbott Exercises RSUs; 763 Shares Withheld

What Happened

  • John S. Abbott, Senior Vice President, Manufacturing Platform, had 1,625 restricted stock units (RSUs) convert to common shares on Feb 6, 2026 (reported Feb 9, 2026). The company withheld 763 of those shares to cover tax withholding at $87.83 per share, totaling $67,014. That results in a net issuance of 862 shares to Abbott.
  • The filing shows multiple derivative-conversion entries (400, 450, 350, 425 shares) that sum to the 1,625 RSUs. Transaction codes: M = exercise/conversion of derivative (RSU vesting/conversion); F = shares withheld to pay taxes.

Key Details

  • Transaction date: 2026-02-06; Form filed: 2026-02-09 (appears timely).
  • Withheld shares for taxes: 763 shares at $87.83/share = $67,014.
  • RSUs converted: 1,625 shares total (broken into 400, 450, 350, 425 in the filing).
  • Net shares issued to insider after withholding: 862 shares.
  • Footnotes: F1–F4 note that each RSU equals one share, shares were withheld to pay taxes (exempt under Rule 16b-3(e), per the company), and the RSUs vest in four equal annual installments (the line items reflect those installment amounts). The filing references total direct holdings include other restricted/performance awards.
  • Shares owned after transaction: not specified in the provided filing excerpt.

Context

  • These entries reflect RSU vesting/conversion (compensation-related), not an open-market sale or purchase. The withholding of shares to satisfy tax obligations is routine and does not necessarily indicate a buy or sell signal.