Otter Tail: Pay

Otter Tail paid its 3 named executives $10.5M in total in FY2025 (Dec). CEO Charles S. MacFarlane was paid $6.8M of that.

Pay$100 in the stock at the end of FY20 → $199
CEO pay is from each proxy. The stock line is the value of $100 put in the stock at the start, from the price change of each fiscal year. Dividends are not in it.

Pay of each named executive

Charles S. MacFarlanePresident and Chief Executive Officer
FY2025 (Dec)
FY2024 (Dec)
FY2023 (Dec)
FY2022 (Dec)Not disclosed
FY2021 (Dec)Not disclosed
5 years
Timothy J. RogelstadSr. Vice President, Electric Platform; President, Otter Tail Power Company
FY2025 (Dec)
FY2024 (Dec)
FY2023 (Dec)
FY2022 (Dec)Not disclosed
FY2021 (Dec)Not disclosed
5 years
Todd R.WahlundVice President and Chief Financial Officer
FY2025 (Dec)
FY2024 (Dec)
2 years
Jennifer O. SmestadSr. Vice President, General Counsel and Corporate Secretary
FY2024 (Dec)
FY2022 (Dec)Not disclosed
FY2021 (Dec)Not disclosed
3 years
John S. AbbottSr. Vice President, Manufacturing Platform; President, Varistar Corporation
FY2022 (Dec)Not disclosed
FY2021 (Dec)Not disclosed
2 years

CEO pay against the pay peers

In FY2024 (Dec), the median CEO pay of the 7 peers with pay on file was $5.6M. The CEO of Otter Tail was paid $6.4M, 14% above the median.

  1. 1Graco
  2. 2Idacorp
  3. 3Franklin Electric Co
  4. 4Otter Tail
  5. 5Txnm Energy
  6. 6ONE Gas
  7. 7Avista
  8. 8Mge Energy
  9. 9ALLETE, Inc.Not disclosed
  10. 10Apogee Enterprises, Inc.Not disclosed
  11. 11Black Hills CorporationNot disclosed
  12. 12Chart Industries, Inc.Not disclosed
  13. 13Esco TechnologiesNot disclosed
  14. 14Northwest Natural Holding CompanyNot disclosed
  15. 15Northwestern Corp.Not disclosed
  16. 16Portland General Electric Co.Not disclosed
  17. 17Tennant CompanyNot disclosed
  18. 18Unitil Corp.Not disclosed

Pay of each named executive comes from the Summary Compensation Table of each proxy statement. Realized pay adds the value of options used and stock that vested. CEO pay of each peer comes from its own Pay versus Performance table.