David M. Sparby - Nov 15, 2023 Form 4 Insider Report for MDU RESOURCES GROUP INC (MDU)

Role
Director
Signature
/s/ Paul R. Sanderson, Power of Attorney
Stock symbol
MDU
Transactions as of
Nov 15, 2023
Transactions value $
$149,990
Form type
4
Date filed
11/17/2023, 04:57 PM
Previous filing
Dec 30, 2022
Next filing
Apr 1, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MDU Common Stock Award $150K +8.01K +22.59% $18.73 43.5K Nov 15, 2023 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding MDU Phantom Stock 20.3K Nov 15, 2023 Common Stock 20.3K Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 1 for 1
F2 The reporting person previously held 12,216.086 phantom stock units. On May 31, 2023, the issuer distributed to its shareholders approximately 90% of the outstanding shares of its wholly owned subsidiary, Knife River Corporation (formerly known as Knife River Holding Company) (the "Spin-off"). In connection with the Spin-off, the reporting person's phantom stock units were converted into [phantom stock] based on a conversion ratio of the issuer's pre-Spinpoff stock price ($29.18) to the post-Spin-off stock price ($19.68), which [reduced] the reporting person's holdings by 6,498.661 phantom stock units.
F3 Units are to be settled in cash after reporting person's retirement.

Remarks:

poasparby.txt