MDU RESOURCES GROUP INC — Director's Dealing 2023

Jul 12, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MDU RESOURCES GROUP INC (MDU)
CIK: 0000067716
Period of Report: 2023-07-11

Reporting Person: Johnson Rob L. (President-WBI Holdings)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-07-11	Common Stock	A	4341.0000	$0.0000	Acquired	39966.0000	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock - 401(k)	5486.3696	Indirect

Footnotes

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.