Karl A. Liepitz - Feb 22, 2024 Form 4 Insider Report for Knife River Corp (KNF)

Signature
/s/ Karl A. Liepitz,
Stock symbol
KNF
Transactions as of
Feb 22, 2024
Transactions value $
-$380,380
Form type
4
Date filed
2/26/2024, 04:24 PM
Previous filing
Jun 1, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KNF Common Stock Award $0 +4.35K +8.12% $0.00 57.9K Feb 22, 2024 Direct F1, F2
transaction KNF Common Stock Tax liability -$380K -5.24K -9.05% $72.55 52.7K Feb 22, 2024 Direct F3
holding KNF Common Stock - 401(k) 1.9K Feb 22, 2024 By Trustee F4
* 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, 2026, 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.
F2 Includes 13,678 RSUs that vested on December 31, 2023; 17,993 RSUs that vest on December 31, 2024; and 21,885 RSUs that vest on December 31, 2025, provided, in each case, that the reporting person remains employed by the issuer as of the applicable vesting date. Each RSU represents or represented, as applicable, the contingent right to receive one share of the issuer's common stock. Such RSUs were converted from certain previously granted equity-based awards of MDU Resources Group, Inc., the issuer's former parent company, in connection with approximately 90% of the issuer's outstanding common stock being distributed to shareholders of MDU Resources Group, Inc. on May 31, 2023.
F3 Represents shares withheld by issuer to cover tax withholding obligations upon vesting of a RSU award.
F4 As of the most recent quarter end, the number of shares may fluctuate daily depending on plan activity in the fund.