Was the MDU (MDU) Dosch share grant an open-market purchase?

No, the 1,293-share transaction was a compensation grant, not an open-market purchase. Dosch elected to receive common stock instead of his cash retainer for serving on MDU’s board of directors.

MDU Resources (NYSE: MDU) director granted 1,293 shares in stock retainer

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Dosch Vernon A. reported acquisition or exercise transactions in this Form 4 filing.

MDU Resources Group director Vernon A. Dosch reported receiving a grant of 1,293 shares of common stock on June 30, 2026. The award was issued at no cash cost to him as part of the company’s director compensation policy, in which he elected stock instead of a cash retainer.

After this grant and additional dividend reinvestment, Dosch directly holds 18,834 common shares. This filing reflects routine, compensation-related share accumulation rather than an open-market purchase or sale.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Dosch Vernon A.

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	1,293	$0.00	--

Holdings After Transaction: Common Stock — 18,834 shares (Direct, null)

Footnotes (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. Includes 77 additional shares acquired through dividend reinvestment since the reporting person's last Form 4.

Key Figures

Shares granted: 1,293 shares Grant price: $0.0000 per share Shares owned after transaction: 18,834 shares +1 more

4 metrics

Shares granted 1,293 shares Common stock grant on June 30, 2026

Grant price $0.0000 per share Compensation award in lieu of cash retainer

Shares owned after transaction 18,834 shares Direct common stock holdings following Form 4

Dividend reinvestment shares 77 shares Additional shares acquired via dividend reinvestment

Key Terms

director compensation policy, dividend reinvestment, Form 4

3 terms

director compensation policy financial

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

dividend reinvestment financial

"Includes 77 additional shares acquired through dividend reinvestment since the reporting person's last Form 4."

Dividend reinvestment is when the money earned from a company's profit sharing, called dividends, is automatically used to buy more shares of that company instead of being received as cash. This process helps investors grow their holdings over time without extra effort, much like using earned interest to buy more of a savings account. It encourages long-term investment growth by continuously increasing the amount of shares owned.

Form 4 regulatory

"Includes 77 additional shares acquired through dividend reinvestment since the reporting person's last Form 4."

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google

Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/01/2026 - 09:22 PM Accepted by SEC EDGAR 07/01/2026 - 09:22 PM

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)
06/30/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	06/30/2026		A⁽¹⁾		1,293	A	$0.0000	18,834⁽²⁾	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

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.

2. Includes 77 additional shares acquired through dividend reinvestment since the reporting person's last Form 4.

	Anthony D. Foti, Attorney-in-Fact for Vernon A. Dosch	07/01/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did MDU (MDU) director Vernon Dosch report?

Vernon A. Dosch reported a grant of 1,293 MDU common shares. The shares were issued on June 30, 2026 as part of his director compensation, increasing his direct holdings to 18,834 shares.

How many MDU (MDU) shares does Vernon Dosch now own directly?

Following the reported grant, Dosch directly owns 18,834 MDU common shares. This total includes 77 additional shares that were acquired through dividend reinvestment since his prior Form 4 filing.

What does the footnote about dividend reinvestment mean for MDU (MDU) director Dosch?

The footnote states Dosch gained 77 extra shares via dividend reinvestment. Instead of taking cash dividends, those amounts bought additional MDU shares, modestly increasing his ownership automatically over time.

Why did MDU (MDU) issue shares to Vernon Dosch at a zero price?

The reported price of $0.0000 reflects that the 1,293 shares were a compensation award. Under MDU’s director compensation policy, Dosch received stock in lieu of cash, so no cash changed hands in this transaction.