SPARBY DAVID M 4
4 · MDU RESOURCES GROUP INC · Filed Nov 17, 2023
Insider Transaction Report
Form 4
SPARBY DAVID M
Director
Transactions
- Award
Common Stock
2023-11-15$18.73/sh+8,008$149,990→ 43,463 total
Holdings
- 20,300.706
Phantom Stock
→ Common Stock (20,300.706 underlying)
Footnotes (3)
- [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.