Smestad Jennifer O. 4

What Happened

• Jennifer O. Smestad, Vice President, General Counsel & Corporate Secretary of Otter Tail Corporation, had restricted stock units convert into 1,150 shares on February 6, 2026. To satisfy tax withholding, the company withheld 541 shares at a per-share value of $87.83, yielding $47,516. After withholding, Smestad received approximately 609 shares net.
• This was a vesting/conversion of restricted stock units (derivative conversion), not an open-market buy or sale. Such conversions are generally routine compensation events rather than directional bets on the stock.

Key Details

• Transaction date: 2026-02-06; Form 4 filed: 2026-02-09 (timely).
• Converted/vested: 1,150 restricted stock units converted into common shares.
• Tax withholding: 541 shares withheld at $87.83 per share for taxes = $47,516 (reported as a "F" code transaction).
• Net shares delivered to insider: ~609 shares (1,150 converted minus 541 withheld).
• Footnotes: F1 — each restricted stock unit equals one share; F2 — shares withheld to pay taxes, exempt under Rule 16b-3(e); F3 — total direct holdings include jointly held and plan shares (total not specified in this extract); F4 — RSUs vest in four equal annual installments beginning on the date shown.
• Filing timeliness: Report appears filed within the required period (no late filing indicated).

Context

• This filing reflects vesting/conversion of compensation awards (RSUs). The tax-withholding share disposition is routine and does not indicate an open-market sale or change in investment stance.
• For retail investors, purchases or open-market insider buys can be a stronger signal; conversions/withholdings tied to compensation are common and mainly administrative.