Form 4: MDU Resources Director Sparby Reports Phantom Stock Acquisition

Director David M. Sparby reports acquisition of phantom stock units convertible to common stock upon termination of service.

Summary

• David M. Sparby, a director of MDU Resources Group Inc., reported a transaction involving phantom stock.
• On March 29, 2024, Sparby acquired 1,308.9 units of phantom stock, each equivalent to one share of common stock.
• The price of the phantom stock is $24.83.
• Following the transaction, Sparby directly owns 43,463 shares of common stock and 21,737.187 units of phantom stock.
• The phantom stock becomes payable in cash upon Sparby's termination of service as a director.

Sentiment

Score: 5

Explanation: This is a routine filing related to director compensation and stock ownership, with neutral implications.

Future Outlook

The phantom stock becomes payable in cash upon the reporting person's termination of service as a director.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding director compensation and ownership.

Key Dates