Senger Garret 4

What Happened
Garret Senger, Chief Utilities Officer of MDU Resources Group, received a grant of 6,920 restricted stock units (RSUs) on 2026-02-17 (no cash exchanged). On 2026-02-18, 8,167 shares were withheld/disposed to satisfy tax withholding related to previously vested RSUs; the withholding was processed at $20.36 per share for a value of $166,280.

Key Details

• Transactions:
  • 2026-02-17: Award/Grant (code A) — 6,920 RSUs granted (acquisition reported at $0.00).
  • 2026-02-18: Tax withholding (code F) — 8,167 shares withheld/disposed at $20.36/share, total $166,280.
• Vesting and restrictions:
  • F1: The 6,920 RSUs vest on December 31, 2028, subject to continued employment.
  • F3/F2: The withheld shares relate to tax obligations from RSUs that vested on December 31, 2025 (including 12,169 net shares noted as vested).
• Price note:
  • F4: $20.36 equals the closing market price on 2026-02-18 used to value the withheld shares.
• Shares owned after the transactions: Not specified in the provided excerpt of the filing.
• Filing timeliness: Report covers period 2026-02-17 and was filed 2026-02-19 — appears to be filed within the Form 4 reporting window (timely).

Context
This filing reflects an awarded grant of RSUs (a form of deferred compensation) and routine tax-withholding on earlier RSU vesting, not an open-market sale. Tax-withholding (code F) is common when RSUs vest and does not necessarily indicate trading sentiment.