Charles MacFarlane compensation by year
Otter Tail Summary Compensation Table · all 10 fiscal years held| Component | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Salary | $575,000 | $590,000 | $650,000 | $700,000 | $679,688 | $750,000 | $775,000 | $806,000 | $838,240 | $867,578 |
| Bonus | $57,500 | $63,720 | $97,500 | $105,000 | $119,625 | $142,500 | $147,252 | $141,050 | $146,692 | $130,137 |
| Stock awards | $1,122,952 | $1,031,160 | $1,183,644 | $1,575,506 | $1,732,446 | $1,998,568 | $2,130,247 | $2,605,539 | $3,022,997 | $3,149,276 |
| Option awards | $0 | $0 | $0 | $0 | $0 | $0 | $0 | — | $0 | $0 |
| Non-equity incentive | $338,210 | $713,664 | $1,040,000 | $800,800 | $939,303 | $1,275,000 | $1,317,500 | $1,403,783 | $1,473,907 | $1,471,194 |
| Pension and deferred compensation | $383,417 | $957,287 | $362,855 | $2,569,477 | $1,160,611 | $0 | $0 | $151,969 | $183,899 | $376,689 |
| All other | $7,375 | $7,500 | $7,625 | $7,750 | $494,370 | $566,183 | $689,579 | $715,385 | $722,579 | $797,814 |
| Total | $2,484,454 | $3,363,331 | $3,341,624 | $5,758,533 | $5,126,043 | $4,732,251 | $5,059,578 | $5,823,726 | $6,388,314 | $6,792,688 |
Each year as stated in that year's proxy. A dash means the company reported no figure in that column. Source: Otter Tail Corp DEF 14A filed March 2, 2026, accession 0001466593-26-000023, and prior-year filings. Open the filing on EDGAR.
How this page was built: the Otter Tail Corp filed document, accession 0001466593-26-000023. Every figure is read from that document and cited to the page and table it appears in. Filed March 2, 2026.
Equity holdings
unvested awards at FY2025 year-end| Type | Unvested units | Value at year-end | Exercise price |
|---|---|---|---|
| PSU | 48,000 | $3,878,880 | — |
| PSU | 47,700 | $3,854,637 | — |
| PSU | 36,300 | $2,933,403 | — |
| RSU | 9,900 | $800,019 | — |
| RSU | 5,925 | $478,799 | — |
| RSU | 5,000 | $404,050 | — |
| RSU | 2,175 | $175,762 | — |
Per the Outstanding Equity Awards at Fiscal Year-End table in Otter Tail Corp's FY2025 proxy; value at the fiscal year-end close, as the company printed it.
Otter Tail’s named executive officers, FY2025
as the company reported each| 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 |
Board service
Otter Tail board · FY2021–FY2025How this board is paid
Company policy: Otter Tail pays directors a $80,000 cash retainer and $130,000 in Restricted Stock. As stated in Otter Tail's FY2025 proxy.
The full Otter Tail compensation record
free company briefThis page is one person within Otter Tail's record. The company brief lists every named executive, each linking to their own page.
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How this record is built
Every figure on this page is one figure from a public SEC filing, printed as the filing states it and cited to the document. Compensation totals are Otter Tail's own disclosed totals, not summed by Velarion. Insider transactions are read from Form 4 filings and cover every line filed since the most recent proxy. Nothing is estimated by Velarion; where the company does not disclose a value the cell reads "—", and a section appears only where the company discloses the data. Corrections: records@velarion.ai.
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