[144] Korn Ferry SEC Filing

Rhea-AI Filing Summary

MDU Resources Group, Inc. (MDU) filed a Form 4 disclosing that director Marian M. Durkin acquired 175 shares of common stock on 06/30/2025. The shares were received at a stated price of $0.0000 because, under the company’s director compensation policy, Durkin elected stock in lieu of a cash retainer. Following the grant, Durkin’s direct beneficial ownership stands at 3,747 shares. No derivative securities were involved, and the filing does not reference any Rule 10b5-1 trading plan. The transaction was reported on 07/01/2025 and appears to be a routine, compensation-related award rather than an open-market purchase or sale.

Insights

Corporate Governance Specialist

TL;DR: Routine stock-for-fees grant; negligible governance or valuation impact.

The filing reflects a standard element of MDU’s director pay program—electing equity instead of cash. The nominal $0.0000 price indicates a board retainer conversion, not a market transaction, so it offers little insight into insider sentiment. The incremental 175 shares raise Durkin’s stake to 3,747, a sub-$100k position at current prices, which is immaterial to ownership concentration or control. No policy red flags or unusual clauses are apparent.

Portfolio Manager

TL;DR: Immaterial insider acquisition; unlikely to influence trading decisions.

From a portfolio-level perspective, the 175-share award represents less than 0.001% of MDU’s float and does not alter supply-demand dynamics. Because it is compensation-driven, it provides no bullish or bearish signal. Investors should treat the disclosure as routine housekeeping rather than a catalyst for valuation change.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Merrill Lynch 2049 Century Park East Suite 1200 Los Angeles CA 90067	100000	7333000.00	51921000	07/01/2025	NYSE

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
COMMON	07/09/2022	RESTRICTED STOCK AWARD	KORN FERRY			52799	07/09/2022	COMPENSATION
COMMON	07/11/2023	RESTRICTED STOCK AWARD	KORN FERRY			7237	07/11/2023	COMPENSATION
COMMON	07/08/2023	RESTRICTED STOCK AWARD	KORN FERRY			26155	07/08/2023	COMPENSATION
COMMON	07/09/2023	RESTRICTED STOCK AWARD	KORN FERRY			7817	07/09/2023	COMPENSATION
COMMON	09/25/2020	RESTRICTED STOCK AWARD	KORN FERRY			500	09/25/2020	COMPENSATION
COMMON	09/10/2020	RESTRICTED STOCK AWARD	KORN FERRY			1000	09/10/2020	COMPENSATION
COMMON	09/21/2020	RESTRICTED STOCK AWARD	KORN FERRY			500	09/21/2020	COMPENSATION
COMMON	07/12/2020	RESTRICTED STOCK AWARD	KORN FERRY			3992	07/12/2020	COMPENSATION

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Nothing to Report

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)