Statement of Changes in Beneficial Ownership (4)
10 2월 2022 - 12:11AM
Edgar (US Regulatory)
FORM 4
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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3235-0287
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
*
Smestad Jennifer O. |
2. Issuer Name and Ticker or Trading Symbol
Otter Tail Corp
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OTTR
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) VP, Gen Coun & Corp Sec |
(Last)
(First)
(Middle)
215 S CASCADE ST |
3. Date of Earliest Transaction
(MM/DD/YYYY)
2/7/2022 |
(Street)
FERGUS FALLS, MN 56537-2801
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security (Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Common Stock | 2/7/2022 | | A | | 6300 (1) | A | $61.37 | 10778 | D | |
Common Stock | 2/7/2022 | | F | | 3125 (2) | D | $61.37 | 7653 (3) | D | |
Common Stock | | | | | | | | 465 | I | by ESOP |
Common Stock | | | | | | | | 48 | I | by Daughter |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) |
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Restricted Stock Units | (4) | 2/7/2022 | | A | | 1100 | | 2/6/2023 (5) | (5) | Common Stock | 1100 | $0 | 1100 | D | |
Restricted Stock Units | (4) | | | | | | | 2/6/2020 (5) | (5) | Common Stock | 300 | | 300 | D | |
Restricted Stock Units | (4) | | | | | | | 2/6/2021 (5) | (5) | Common Stock | 600 | | 600 | D | |
Restricted Stock Units | (4) | | | | | | | 2/6/2022 (5) | (5) | Common Stock | 1200 | | 1200 | D | |
Explanation of Responses: |
(1) | Represents shares received upon the vesting of certain performance criteria in connection with a Performance Share Award(granted in 2019). |
(2) | These shares were withheld by the Corporation to pay taxes due upon vesting of this award, exempt pursuant to Rule 16b-3(e). |
(3) | Total direct holdings include shares held jointly with spouse and shares acquired through the Employee Stock Purchase Plan, the Dividend Reinvestment Plan, and shares acquired pursuant to Restricted Stock Awards and Performance Award distributions. |
(4) | Each restricted stock unit represents a contingent right to receive one share of Otter Tail Corporation common stock. |
(5) | The restricted stock units vest in four equal annual installments beginning the date shown above. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Smestad Jennifer O. 215 S CASCADE ST FERGUS FALLS, MN 56537-2801 |
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| VP, Gen Coun & Corp Sec |
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Signatures
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/s/ Jennifer O Smestad by Ella Leapaldt, Attorney-in-Fact | | 2/9/2022 |
**Signature of Reporting Person | Date |
Otter Tail (NASDAQ:OTTR)
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Otter Tail (NASDAQ:OTTR)
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