KNF · Knife River Corp · Executive Compensation

$50.62 +0.20 (+0.40%)

S&P 400 member Russell 2000 member Rebalance outlook locked

Market Cap

$3.10B

56.76M

Volume · Oct 1 1.43M Avg daily vol (3M) 818.3K

Named-executive compensation from the company's DEF 14A proxy statements — salary, bonus, stock and option awards, non-equity incentive, and the company-reported total per executive per fiscal year, exactly as disclosed in the Summary Compensation Table.

Fiscal 2025

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Brian R. Gray	President and Chief Executive Officer (CEO)	$1,000,000	—	$3,785,841	—	$1,006,253	$28,774	$5,820,868
Trevor J. Hastings	Vice President and Chief Operating Officer (COO)	$545,000	—	$935,426	—	$342,755	$94,274	$1,978,485
Nathan Ring	Vice President and Chief Financial Officer (CFO)	$545,000	—	$935,426	—	$342,755	$83,274	$1,906,455
Karl A. Liepitz	Vice President, Chief Legal Officer and Secretary (CLO)	$485,000	—	$832,371	—	$305,021	$84,251	$1,710,001
Glenn R. Pladsen	Vice President and Chief Excellence Officer (CXO) Mr. Pladsen was not an NEO for purposes of the Summary Compensation Table in 2024 or 2023. Amounts in this column represent the aggregate grant date fair value of RSUs and PSUs at target calculated in accordance with generally accepted accounting principles for stock-based compensation in Accounting Standards Codification Topic 718 and as described in Note 12 of our audited financial statements in our Annual Report on Form 10-K for the year ended December 31, 2025. This column was prepared assuming none of the awards were or will be forfeited. For 2025, the aggregate grant date fair value of the outstanding PSUs assume the highest level of payout would be as follows:	$425,000	—	$536,385	—	$267,286	$71,158	$1,299,829

Fiscal 2024

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Brian R. Gray	President and Chief Executive Officer (CEO)	$880,000	—	$4,119,361	—	$1,825,838	$116,374	$6,941,573
Trevor J. Hastings	Vice President and Chief Operating Officer (COO)	$525,000	—	$1,114,035	—	$710,399	$94,674	$2,444,108
Nathan Ring	Vice President and Chief Financial Officer (CFO)	$525,000	—	$1,114,035	—	$710,399	$80,874	$2,430,308
Karl A. Liepitz	Vice President, Chief Legal Officer and Secretary (CLO)	$475,000	—	$1,007,980	—	$642,742	$82,736	$2,208,458
Nancy K. Christenson	Vice President of Administration Amounts in this column represent the aggregate grant date fair value of RSUs and PSAs at target calculated in accordance with generally accepted accounting principles for stock-based compensation in Accounting Standards Codification Topic 718 and as described in Note 12 of our audited financial statements in our Annual Report on Form 10-K for the year ended December 31, 2024. This column was prepared assuming none of the awards were or will be forfeited. For 2024, the aggregate grant date fair value of the outstanding PSAs assume the highest level of payout would be as follows:	$400,000	—	$499,257	—	$433,005	$86,619	$1,418,881

Fiscal 2023

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Brian R. Gray	President and Chief Executive Officer (CEO)	$658,334	—	$2,620,279	—	$1,644,521	$68,348	$4,991,482
Trevor J. Hastings	Vice President and Chief Operating Officer (COO)	$466,904	$100,000	$768,210	—	$752,381	$82,322	$2,227,879
Karl A. Liepitz	Vice President, Chief Legal Officer and Secretary (CLO)	$470,000	—	$867,663	—	$756,879	$82,428	$2,185,495
Nathan Ring	Vice President and Chief Financial Officer (CFO)	$394,408	—	$661,819	—	$624,096	$58,829	$1,739,152
Nancy K. Christenson	Vice President of Administration Amounts in this column represent the aggregate grant date fair value of RSUs and PSAs at target calculated in accordance with generally accepted accounting principles for stock-based compensation in Accounting Standards Codification Topic 718 and as described in Note 12 of our audited financial statements in our Annual Report on Form 10-K for the year ended December 31, 2024. This column was prepared assuming none of the awards were or will be forfeited. For 2024, the aggregate grant date fair value of the outstanding PSAs assume the highest level of payout would be as follows:	$326,084	—	$353,418	—	$428,167	$75,215	$1,188,164

Fiscal 2022

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Karl A. Liepitz	Vice President, Chief Legal Officer and Secretary (CLO)	$440,000	—	$714,491	—	$187,110	$100,604	$1,442,205
Trevor J. Hastings	Vice President and Chief Operating Officer (COO)	$400,000	—	$405,956	—	$36,720	$97,478	$940,154
Brian R. Gray	President and Chief Executive Officer (CEO)	$359,341	—	—	—	$332,717	$72,308	$764,366
Nathan Ring	Vice President and Chief Financial Officer (CFO)	$302,952	—	$169,102	—	$95,127	$63,077	$630,258
Nancy K. Christenson	Vice President of Administration Amounts in this column represent the aggregate grant date fair value of RSUs and PSAs at target calculated in accordance with generally accepted accounting principles for stock-based compensation in Accounting Standards Codification Topic 718 and as described in Note 12 of our audited financial statements in our Annual Report on Form 10-K for the year ended December 31, 2024. This column was prepared assuming none of the awards were or will be forfeited. For 2024, the aggregate grant date fair value of the outstanding PSAs assume the highest level of payout would be as follows:	$280,000	—	$156,301	—	$87,920	$80,378	$622,229

Executive changes

Person	Role	Change	Effective	Filed
Peggy S. Rebstock	Vice President, Chief Accounting Officer and Controller	Appointed	2026-05-21	2026-05-21
Patricia Chiodo	Class II director	Appointed	2024-06-27	2024-06-27

Key facts CIK 1955520 CUSIP 498894104 13F (30d) 17 filings 9 filers Visit website Investor relations