As CEO, Jim McIntyre had a stake in Otter Tail’s performance through stock awards. In 2013, he had about 81,400 shares worth approximately $2.4 million at market value. Over the years, his reported holdings fluctuated, reflecting both his leadership role...
As CEO, Jim McIntyre had a stake in Otter Tail’s performance through stock awards. In 2013, he had about 81,400 shares worth approximately $2.4 million at market value. Over the years, his reported holdings fluctuated, reflecting both his leadership role and long-term commitment to the company's growth. In 2015, before stepping down, he held vested stocks that highlighted a significant portion of his wealth was tied up in Otter Tail’s shares, showcasing his investment in aligning his incentives with those of the shareholders. His shareholdings demonstrate a consistent belief in the company’s potential, even as market variances affected their value. This kind of involvement is critical for any CEO as it builds trust with stakeholders and encourages a long-term perspective for the company’s operations.