MDU Resources (NYSE: MDU) director takes 1,334 shares instead of cash retainer

Rhea-AI Filing Summary

MDU Resources Group Inc. director Vernon A. Dosch received 1,334 shares of common stock as a grant. The shares were issued at no cash cost under the company’s director compensation policy, where he elected stock instead of a cash retainer for board service.

Following this award, Dosch directly holds 17,464 shares of MDU common stock. This is a routine, compensation-related acquisition rather than an open-market purchase or sale.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Dosch Vernon A.

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	1,334	$0.00	--

Holdings After Transaction: Common Stock — 17,464 shares (Direct)

Footnotes (1)

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Key Figures

Shares granted: 1,334 shares Shares held after transaction: 17,464 shares Grant price per share: $0.00 per share +1 more

4 metrics

Shares granted 1,334 shares Common Stock grant on March 31, 2026

Shares held after transaction 17,464 shares Direct holdings following grant

Grant price per share $0.00 per share Compensation grant, not market purchase

Transaction type Grant, award, or other acquisition (Code A) Non-derivative Form 4 transaction

Key Terms

director compensation policy, grant, award, or other acquisition, cash compensation retainer, Common Stock

4 terms

director compensation policy financial

"Pursuant to the issuer's director compensation policy, the reporting person elected to receive common stock..."

grant, award, or other acquisition financial

"transaction_code_description": "Grant, award, or other acquisition""

cash compensation retainer financial

"in lieu of the cash compensation retainer for service on the issuer's board of directors"

Common Stock financial

""security_title": "Common Stock""

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Dosch Vernon A.

(Last) (First) (Middle)

1200 WEST CENTURY AVENUE

(Street)

BISMARCK NORTH DAKOTA 58503

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
MDU RESOURCES GROUP INC [ MDU ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/31/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	03/31/2026		A(1)		1,334	A	$0.0000	17,464	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Pursuant to the issuer's director compensation policy, the reporting person elected to receive common stock in lieu of the cash compensation retainer for service on the issuer's board of directors.

	Anthony D. Foti, Attorney-in-Fact for Vernon A. Dosch	04/01/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did Vernon A. Dosch report at MDU (MDU)?

Vernon A. Dosch reported receiving 1,334 shares of MDU common stock as a grant. The award was part of director compensation rather than an open-market trade, reflecting stock elected in lieu of a cash retainer for board service.

Was the MDU (MDU) Form 4 transaction a stock purchase or a compensation grant?

The Form 4 transaction was a compensation grant, not an open-market purchase. Dosch received 1,334 common shares at no cash cost under MDU’s director compensation policy, electing stock instead of a cash retainer for serving on the board.

How many MDU (MDU) shares does Vernon A. Dosch hold after this Form 4?

After the reported transaction, Vernon A. Dosch directly holds 17,464 shares of MDU common stock. This reflects his position following the 1,334-share compensation grant received under the company’s director compensation policy for board service.

What does MDU’s director compensation policy allow regarding stock for retainers?

MDU’s director compensation policy allows directors to elect common stock instead of cash for their retainer. In this case, Dosch chose to receive 1,334 shares of common stock in lieu of cash compensation for serving on the company’s board of directors.

Did Vernon A. Dosch pay cash for the 1,334 MDU (MDU) shares reported?

Dosch did not pay cash for these 1,334 shares. They were granted at a stated price of zero as part of his board compensation, representing equity received under the director compensation policy rather than a market transaction.