Johnson Rob L. 4

What Happened Rob L. Johnson, President—WBI of MDU Resources Group, received a grant of 5,830 restricted stock units (RSUs) and had 10,630 shares withheld/sold to cover tax liability. The 10,630 shares were disposed on Feb 18, 2026 at $20.36 per share for a total value of $216,427. The RSU grant (5,830 shares) was reported on Feb 17, 2026 and carries no cash purchase price.

Key Details

• Transaction types: A = Award/grant (5,830 RSUs on 2026-02-17); F = Shares withheld for tax liability (10,630 shares disposed on 2026-02-18).
• Sale price: $20.36 per share; total proceeds/value reported: $216,427 (price = closing price on 2026-02-18).
• Vesting: The 5,830 RSUs will vest on December 31, 2028 subject to continued employment (footnote F1).
• Related vesting/withholding: Filing notes 15,981 net shares vested on December 31, 2025 and that the shares withheld/disposed were used to pay taxes on previously reported RSUs that vested on December 31, 2025 (footnotes F2, F3).
• Shares owned after the transactions: Not specified in the provided filing excerpt.
• Filing timeliness: Form filed 2026-02-19 for transactions on 2026-02-17 and 2026-02-18 — this appears timely (Form 4 is generally due within 2 business days).

Context

• The F-code transaction is a tax-withholding event (shares withheld/sold to pay taxes) tied to RSU vesting and is a routine administrative disposal, not an open-market investment decision.
• The A-code RSU grant is a non-cash award that vests in the future; such awards represent compensation rather than an insider purchase.