Wahlund Todd R 4

What Happened
Todd R. Wahlund, Chief Financial Officer of Otter Tail Corporation (OTTR), had 675 restricted stock units (RSUs) convert to common shares on February 6, 2026. Of those, 119 shares were withheld by the company to satisfy tax withholding obligations at an implied price of $87.83, a withholding value of $10,452. The net shares issued to Wahlund were 556 (675 vested minus 119 withheld). This was a vesting/conversion event (not an open-market buy or sale).

Key Details

• Transaction date: 2026-02-06 (reported on Form 4 filed 2026-02-09) — filing appears timely.
• Primary actions: conversion/settlement of 675 RSUs (derivative conversion code M) and withholding of 119 shares to pay taxes (code F) at $87.83/share = $10,452.
• Net shares received: 556 (675 vested less 119 withheld).
• Shares owned after transaction: not specified on this Form 4.
• Footnotes: F1–F5 indicate these were restricted stock units (one RSU = one share) with vesting rules; the 119 shares were withheld by the corporation to pay taxes (exempt per Rule 16b-3(e)).
• No open-market sale or purchase was reported — this is a routine award/vesting event, not a sale signaling market action.

Context
RSU vesting converts a conditional award into actual shares; withholding of shares to cover taxes is common and administrative. These transactions reflect compensation/vesting mechanics rather than an insider buying or selling stock in the market.