Charles MacFarlane is President and Chief Executive Officer of Otter Tail Corp (OTTR). The company reported total compensation of $6,792,688 for fiscal year 2025.
| Salary | $867,578 |
|---|---|
| Bonus | $130,137 |
| Stock awards | $3,149,276 |
| Option awards | $0 |
| Non-equity incentive plan | $1,471,194 |
| Pension and non-qualified deferred compensation | $376,689 |
| All other compensation | $797,814 |
| Total | $6,792,688 |
A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed, without adjustment.
Cited to the compensation disclosure Otter Tail Corp filed March 2, 2026, accession 0001466593-26-000023.
| Fiscal year | Role | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension / NQDC | All other | Total |
|---|---|---|---|---|---|---|---|---|---|
| FY2025 | President and Chief Executive Officer | $867,578 | $130,137 | $3,149,276 | $0 | $1,471,194 | $376,689 | $797,814 | $6,792,688 |
| FY2024 | President and Chief Executive Officer | $838,240 | $146,692 | $3,022,997 | — | $1,473,907 | $183,899 | $722,579 | $6,388,314 |
| FY2023 | President and Chief Executive Officer | $806,000 | $141,050 | $2,605,539 | — | $1,403,783 | $151,969 | $715,385 | $5,823,726 |
Totals as disclosed in each year's own compensation disclosure for Otter Tail Corp.
| Peer-group chief executive median | $5,072,064 |
|---|---|
| Difference from that median | $1,720,624 |
| Percentile within the disclosed peer group | 76th |
| Peers with a disclosed figure | 17 |
Medians and percentiles are computed across the peer group Otter Tail Corp discloses in its own compensation disclosure.
| Named executive officer | Role | FY2025 total |
|---|---|---|
| Charles MacFarlane this page | President and Chief Executive Officer | $6,792,688 |
| Timothy Rogelstad | Sr. Vice President, Electric Platform; President, Otter Tail Power Company | $1,941,776 |
| Todd Wahlund | Vice President and Chief Financial Officer | $1,764,196 |
| John Abbott | Sr. Vice President, Manufacturing Platform; President, Varistar Corporation | $1,642,628 |
| Jennifer Smestad | Sr. Vice President, General Counsel and Corporate Secretary | $1,509,692 |
The company's named executive officers for fiscal year 2025, and what it reported for each. See the full Otter Tail Corp compensation brief.
Charles MacFarlane's compensation sits inside Otter Tail Corp's full executive and board picture — the peer group, pay against peers, incentive design and the board itself.