MDU Resources director gets stock in lieu of cash fee

MDU Resources Group director Vernon A. Dosch received common stock as part of his board compensation.

Accepted by SEC EDGAR 01/02/2026 - 04:45 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

MDU Resources Group director Vernon A. Dosch received common stock as part of his board compensation. On 12/31/2025, he acquired 1,394 shares of MDU common stock at a price of $0.0000 per share, reflecting an election to take stock instead of a cash retainer under the company’s director compensation policy.

Following this transaction, he beneficially owned 16,130 shares of MDU common stock in direct ownership. The transaction was reported as an acquisition and relates to routine director compensation rather than an open-market purchase.

Insider Trade Summary

Grant/Award: 1,394 shares

Grant/Award 1 txn

Insider Dosch Vernon A.

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	1,394	$0.00	$0.00

Holdings After Transaction: Common Stock — 16,130 shares (Direct)

Holdings Before and After: Common Stock, 14,736 to 16,130 shares (Direct)

Footnotes (1)

1. F1. 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.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did MDU (MDU) disclose for Vernon A. Dosch?

On 12/31/2025, director Vernon A. Dosch acquired 1,394 shares of MDU Resources Group common stock as part of his board compensation.

How many MDU Resources (MDU) shares does the director own after this transaction?

After the reported transaction, the director beneficially owned 16,130 shares of MDU Resources Group common stock in direct ownership.

What price was paid for the MDU (MDU) shares in this Form 4 transaction?

The 1,394 shares of MDU Resources Group common stock were reported at a price of $0.0000 per share, consistent with stock granted as compensation rather than bought in the market.

Why did the MDU Resources (MDU) director receive stock instead of cash?

According to the disclosure, under 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 board of directors.

Is this MDU (MDU) insider transaction related to derivative securities?

No derivative securities were reported; the transaction involved only non-derivative common stock under the director compensation policy.

What role does the reporting person hold at MDU Resources (MDU)?

The reporting person serves as a director of MDU Resources Group, as indicated in the relationship section.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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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 ND 58503

(City) (State) (Zip)

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)

3. Date of Earliest Transaction (Month/Day/Year)
12/31/2025

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

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

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

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	12/31/2025		A(1)		1,394	A	$0.0000	16,130	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	01/02/2026
	** 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.