How MacFarlane was paid
$6.8M in total for 2025, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.
Named executive officers
| Executive | Salary | Bonus | Stock | Incentive | Pension | Other | Total |
|---|---|---|---|---|---|---|---|
| Charles S. MacFarlanePresident and Chief Executive Officer | $867,578 | $130,137 | $3,149,276 | $1,471,194 | $376,689 | $797,814 | $6,792,688 |
| Todd R. WahlundVice President and Chief Financial Officer | $455,000 | $32,533 | $473,580 | $424,361 | $296,325 | $82,397 | $1,764,196 |
| Timothy J. RogelstadSr. Vice President, Electric Platform; President, Otter Tail Power Company | $475,000 | $99,750 | $533,768 | $289,202 | $393,942 | $150,114 | $1,941,776 |
| John S. AbbottSr. Vice President, Manufacturing Platform; President, Varistar Corporation | $475,000 | $79,800 | $533,768 | $446,595 | — | $107,465 | $1,642,628 |
| Jennifer O. SmestadSr. Vice President, General Counsel and Corporate Secretary | $451,250 | $74,456 | $375,908 | $373,548 | $153,190 | $81,340 | $1,509,692 |
What changed and why
- $6.4MCEO total compensation increased from $6,388,314 in 2024 to $6,792,688 in 2025.
- $6,55Diluted earnings per share were $6,55 for fiscal year 2025.
- The ratio of CEO to median employee pay was 81 to 1.
- 16%Otter Tail achieved a utility sector leading return on equity of 16 percent.
About this page
Figures are automated and can be wrong; check the filing for the exact numbers. Totals follow SEC rules, which value stock and option awards at grant. Read the DEF 14A proxy statement for footnotes and the compensation committee's full reasoning.