Jeffrey S. Thiede - May 31, 2023 Form 4 Insider Report for MDU RESOURCES GROUP INC (MDU)

Role
President & CEO MDU CSG
Signature
/s/ Nikki L. Ferderer, Power of Attorney
Stock symbol
MDU
Transactions as of
May 31, 2023
Transactions value $
$0
Form type
4
Date filed
6/1/2023, 01:24 PM
Previous filing
Feb 21, 2023
Next filing
Feb 16, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MDU Common Stock Award $0 +19.1K +12.5% $0.00 172K May 31, 2023 Direct F1
transaction MDU Common Stock Award $0 +14.3K +8.32% $0.00 186K May 31, 2023 Direct F2
holding MDU Common Stock - 401(k) 8.46K May 31, 2023 By Trustee F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents restricted stock units (RSUs) that vest on December 31, 2024, provided that the reporting person remains employed by the issuer as of the vesting date. Each RSU represents the contingent right to receive one share of the issuer's common stock. On May 31, 2023, such RSUs were converted from a previously granted performance-based share award in connection with the issuer's distribution to its shareholders of approximately 90% of the outstanding shares of its wholly owned subsidiary, Knife River Corporation (formerly known as Knife River Holding Company), on May 31, 2023 (the "Spin-off").
F2 Represents RSUs that vest on December 31, 2023, provided that the reporting person remains employed by the issuer as of the vesting date. Each RSU represents the contingent right to receive one share of the issuer's common stock. On May 31, 2023, such RSUs were converted from a previously granted performance-based share award in connection with the Spin-Off.
F3 As of the most recent quarter end, the number of shares may fluctuate daily depending on plan activity in the fund.