MDU RESOURCES GROUP INC — Director's Dealing 2025

Feb 14, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MDU RESOURCES GROUP INC (MDU)
CIK: 0000067716
Period of Report: 2025-02-12

Reporting Person: Kivisto Nicole A (Director, President & CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-02-12	Common Stock	A	45969.0000	$0.0000	Acquired	568409.3210	Direct
2025-02-12	Common Stock	F	30316.0000	$16.8300	Disposed	538093.3210	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	125.2570	Indirect
Common Stock	531.0000	Indirect
Common Stock - 401(k)	15265.2430	Indirect

Footnotes

F1: Represents restricted stock units (RSUs) that will vest on December 31, 2027, subject to the reporting person's continued employment through the vesting date.

F2: Includes (a) common stock, including 43,376 net shares received on vesting of award on December 31, 2024; (b) RSUs that were adjusted from certain previously-reported grants of RSUs in connection with the completion of the separation and distribution of Everus Construction Group, Inc., the issuer's former construction services business, to the issuer's stockholders, on October 31, 2024; and (c) shares of common stock acquired through dividend reinvestment since the reporting person's most recent Form 4.

F3: Shares withheld in payment of tax liability in connection with the vesting of a previously-reported award of RSUs, which vested on February 12, 2025.

F4: Price is equal to the closing price of a share of the Company's Common Stock on February 12, 2025.