Paul L. Knutson, Vice President of Human Resources at Otter Tail Corp, filed a Form 4 on August 11, 2026, disclosing a sale of common stock and two gift transactions executed on August 7, 2026.

Key Highlights

  • Sale of 3,500 shares: Knutson disposed of 3,500 shares of Otter Tail Corp common stock at a weighted average price of $93.11, with individual transaction prices ranging from $92.74 to $93.32 per share.
  • Gift to daughter: Knutson gifted 475 shares of common stock to his daughter at $0 consideration on August 7, 2026.
  • Gift to son: Knutson gifted 250 shares of common stock to his son at $0 consideration on August 7, 2026.
  • Direct holdings following transactions: Knutson's direct beneficial ownership stands at 20,770 shares after all reported transactions, according to the filing.
  • Indirect holdings: Knutson holds 475 shares indirectly by daughter and 250 shares indirectly by son following the gifts.

Knutson's August 7 Transactions in Otter Tail Corp Common Stock

According to the Form 4 filed with the SEC on August 11, 2026, Paul L. Knutson, identified as VP, Human Resources of Otter Tail Corp (NASDAQ:OTTR), reported three separate transactions in the company's common stock, all dated August 7, 2026. The filing was signed by James A. Versteeg as Attorney-in-Fact on Knutson's behalf.

The filing discloses that Knutson sold 3,500 shares at a weighted average price of $93.11 per share. The filing notes these shares "were sold in multiple transactions at prices ranging from $92.74 to $93.32 per share," and that full information on the number of shares sold at each separate price is available upon request to the issuer, any security holder, or SEC staff. Following this sale, Knutson's direct holdings were reported at 21,495 shares before the gift transactions were recorded.

On the same date, Knutson gifted a combined 725 shares to family members: 475 shares to his daughter and 250 shares to his son, each at $0 consideration, using transaction code G. After all three transactions, the filing reports Knutson's direct beneficial ownership at 20,770 shares, which the filing states includes shares acquired through dividend reinvestment, the Employee Stock Purchase Plan, and pursuant to Restricted Stock Awards and Performance Share Awards. The daughter and son each hold their gifted shares as indirect beneficial ownership in Knutson's filing.

What Was Disclosed

The filing reports a sale of 3,500 common shares at a weighted average of $93.11 and gifts of 725 total shares to two family members on August 7, 2026, leaving Knutson with 20,770 directly held shares of Otter Tail Corp common stock.