| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | MDU | Common Stock | Award | $149,990 | +8,008 | +23% | $18.73 | 43,463 | 15 Nov 2023 | Direct |
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| holding | MDU | Phantom Stock | 20,301 | 15 Nov 2023 | Common Stock | 20,301 | Direct | F1, F2, F3 |
| 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. |
poasparby.txt