Rob L. Johnson - 11 Jul 2023 Form 4 Insider Report for MDU RESOURCES GROUP INC (MDU)

Signature
/s/ Nikki L. Ferderer, Power of Attorney
Issuer symbol
MDU
Transactions as of
11 Jul 2023
Transactions value $
$0
Form type
4
Filing time
12 Jul 2023, 16:05:26 UTC
Previous filing
01 Jun 2023
Next filing
16 Feb 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MDU Common Stock Award $0 +4.34K +12.19% $0.00 40K 11 Jul 2023 Direct F1, F2
holding MDU Common Stock - 401(k) 5.49K 11 Jul 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, 2025, 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 Represents 11,602 shares of the issuer's common stock, 6,371 RSUs that vest on December 31, 2023, 8,604 RSUs that vest on December 31, 2024, and 9,588 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 the contingent right to receive one share of the issuer's common stock. On May 31, 2023, 16,568 previously granted performance-based shares were converted into 24,563 RSUs in connection with the completion of the issuer's distribution to its shareholders of approximately 90% of the outstanding shares of its wholly owned subsidiary, Knife River Corporation, on May 31, 2023.
F3 As of the most recent quarter end, the number of shares may fluctuate daily depending on plan activity in the fund.