Form 4: MDU Resources Group Inc. Executive Garret Senger Reports Changes in Beneficial Ownership
SEC Form 4
Chief Utilities Officer Garret Senger reports acquisition and disposal of MDU Resources Group Inc. common stock related to RSU vesting and tax obligations.
Summary
- Garret Senger, Chief Utilities Officer of MDU Resources Group Inc., filed a Form 4 detailing changes in beneficial ownership of the company's common stock on February 14, 2025.
- On February 12, 2025, Senger acquired 7,514 shares of common stock through restricted stock units (RSUs) at a price of $0.00.
- On the same day, Senger disposed of 7,470 shares of common stock at $16.83 per share to cover tax liabilities associated with the vesting of previously reported RSUs.
- Following these transactions, Senger directly owns 101,295 shares of MDU Resources Group Inc. common stock and indirectly owns 24,392.6074 shares through a 401(k).
- The reported RSUs will vest on December 31, 2027, contingent upon continued employment.
Sentiment
Score: 5
Explanation: This is a routine filing related to stock transactions by an officer, reflecting standard compensation practices. It doesn't inherently indicate positive or negative sentiment.
Future Outlook
The reported RSUs will vest on December 31, 2027, subject to the reporting person's continued employment through the vesting date.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates activity related to equity compensation and tax obligations, which are common occurrences for executives.
Key Dates
| Date | Description |
|---|---|
| October 31, 2024 | Completion of the separation and distribution of Everus Construction Group, Inc. |
| December 31, 2024 | Vesting of award resulting in 10,828 net shares received. |
| February 12, 2025 | Acquisition of 7,514 shares through RSUs and disposal of 7,470 shares for tax liability. |
| February 14, 2025 | Date of Form 4 filing. |
| December 31, 2027 | Vesting date for the reported RSUs. |
Keywords
Form 4, Beneficial Ownership, MDU Resources Group Inc., Garret Senger, RSU, Common Stock, Tax Liability
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