Nelson Tyler J 4

What Happened

• Tyler J. Nelson, Chief Financial Officer of Otter Tail Corporation (OTTR), received a grant of 800 restricted stock units (RSUs) on April 13, 2026. The award is reported as a derivative acquisition at $0.00 (no cash paid at grant). The RSUs are contingent rights to receive shares in the future rather than immediate unrestricted shares.

Key Details

• Transaction date: 2026-04-13; Filing date: 2026-04-15 (timely filing).
• Transaction type/code: A — Grant/Award (derivative); reported price: $0.00.
• Shares owned after transaction: Not specified in the provided summary; the filing notes total direct holdings include ESPP and previously distributed RSUs (see footnote F1).
• Footnotes from filing:
  • F1: Total direct holdings include shares from the Employee Stock Purchase Plan and RSU distributions.
  • F2: Each RSU represents a contingent right to receive one share of Otter Tail stock.
  • F3/F4: Vesting references — filing notes vesting in four equal annual installments beginning on the date shown (F3) and also references vesting four years from the date shown (F4). Check the original Form 4 for the precise vesting schedule.
• Filing timeliness: Reported within two business days of the transaction (not marked late).

Context

• RSU grants are a form of equity compensation intended to align executives with shareholders; they vest over time and do not represent immediately tradable shares. Because this was an award (not a purchase or sale), it should be viewed as compensation rather than a direct market sentiment signal. The actual dollar value of the grant will depend on Otter Tail’s share price at vesting or distribution.