Wahlund Todd R 4

What Happened
Todd R. Wahlund, Senior Vice President of Otter Tail Corporation, was granted 300 restricted stock units (RSUs) on 2026-04-13. The grant is recorded as an acquisition (derivative) at $0.00 per share (no cash exchanged at grant). Each RSU represents a contingent right to one share of Otter Tail stock; the award will convert to shares only as the RSUs vest.

Key Details

• Transaction date: 2026-04-13; Form 4 filed 2026-04-15 (no late filing indicated).
• Instrument: 300 restricted stock units (derivative award) acquired at $0.00.
• Footnotes from the filing:
  • F1: Total direct holdings include shares from dividend reinvestment, Employee Stock Purchase Plan, and past RSU distributions.
  • F2: Each restricted stock unit equals a contingent right to one Otter Tail share.
  • F3: RSUs vest in four equal annual installments beginning on the date shown.
  • F4: RSUs vest four years from the date shown (as also noted in the filing).
• Shares owned after the transaction: not specified in the provided filing details.

Context
Restricted stock unit grants are common compensation for executives and are not an immediate market purchase or sale. The economic value to the insider depends on Otter Tail’s future stock price as RSUs vest and convert to actual shares. This grant is informational rather than an explicit buy or sell signal.