AbstractDesigning active and stable oxygen evolution reaction (OER) catalysts are vitally important to various energy conversion devices. Herein, we introduce elements Ni and Mn into (Co)_tet(Co₂)_octO₄ nanosheets (NSs) at fixed geometrical sites, including Mn_oct, Ni_oct, and Ni_tet, to optimize the initial geometrical structure and modulate the CoCo₂O₄ surface from oxygen‐excess to oxygen‐deficiency. The pristine (Ni,Mn)‐(Co)_tet(Co₂)_octO₄ NSs shows excellent OER activity with an overpotential of 281.6 mV at a current density of 10 mA cm⁻². Moreover, without damaging their initial activity, the activated (Act)‐(Ni,Mn)‐(Co)_tet(Co₂)_octO₄ NSs after surface reconstruction exhibit long‐term stability of 100 h under 10 mA cm⁻², 50 mA cm⁻², or even 100 mA cm⁻². The optimal balance between electroactivity and stability leads to remarkable OER performances, providing a pivotal guideline for designing ideal electrocatalysts and inspiring more works to focus on the dynamic change of each occupation site component.