Vollmer Jason L 4

What Happened

• Jason L. Vollmer, Chief Financial Officer of MDU Resources Group Inc. (MDU), had 36,766 shares withheld on Feb 18, 2026 to satisfy a tax liability related to vested restricted stock units, at $20.36 per share for a value of about $748,556.
• He was also granted 15,229 restricted stock units (RSUs) on Feb 17, 2026 (no cash paid). These newly granted RSUs will vest on December 31, 2028, subject to continued employment. The tax-withholding is a routine disposition to cover taxes, not an open-market sale signaling a market view.

Key Details

• Transaction dates & prices:
  • 2026-02-17: RSU grant — 15,229 shares (award, $0 acquisition price). (Footnote F1: vests 12/31/2028.)
  • 2026-02-18: Shares withheld for tax payment — 36,766 shares at $20.36 each = $748,556 (price = 2/18/2026 closing price). (Footnotes F3, F4)
• Source of withheld shares: withholding in connection with RSUs that vested Dec 31, 2025 (footnotes F2/F3 indicate vested RSUs and shares from dividend reinvestment).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Filing info: Form 4 filed Feb 19, 2026 reporting transactions on Feb 17–18, 2026. No indication in the excerpt that the filing was late.
• Codes explained: A = award/grant (RSUs); F = shares withheld/used to satisfy tax liability (not a discretionary open‑market sale).

Context

• RSUs: The 15,229‑unit grant is a time‑based award that vests in 2028 if employment continues; it does not represent an immediate transfer of shares.
• Tax withholding is a common administrative step when RSUs vest; withheld shares are cancelled/surrendered to cover taxes rather than sold on the open market by choice. This is generally considered routine and does not necessarily reflect the insider’s sentiment about the company.