Wahlund Todd R 4

What Happened

• Todd R. Wahlund, Chief Financial Officer of Otter Tail Corporation, was granted 1,400 restricted stock units (RSUs) on February 10, 2026. The award is reported as a derivative acquisition (Form 4 code A) with a $0.00 purchase price — i.e., an equity award rather than an open-market purchase.

Key Details

• Transaction date: 2026-02-10 (reported on Form 4 filed 2026-02-12).
• Transaction type/code: Grant/Award (A); derivative award of 1,400 RSUs at $0.00 reported cost.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Filing timeliness: Reported on Feb 12 for a Feb 10 grant — within the typical 2-business-day Form 4 reporting window.
• Footnotes of note:
  • F1: Total direct holdings include shares from dividend reinvestment, Employee Stock Purchase Plan, and prior RSU distributions.
  • F2: Each RSU equals a contingent right to one Otter Tail share.
  • F3/F4: Vesting is described as occurring over four years — either in four equal annual installments beginning on the grant date (F3) or vesting after four years (F4) per the footnotes.

Context

• This is an equity compensation grant (RSUs) to an executive, not an open-market purchase or sale. Such awards are common for executive compensation and do not by themselves indicate buying or selling sentiment. The RSUs are contingent and subject to the vesting schedule described in the footnotes.