MDU · Mdu Resources Group Inc · Executive Compensation

$19.22 -0.15 (-0.77%) At close · Oct 23

S&P 600 member Russell 1000 member Rebalance outlook locked

Market Cap

$4.04B

210.35M

Volume · Oct 23 1.04M Avg daily vol (3M) 1.69M

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
Nicole A. Kivisto	President and Chief Executive Officer	$925,000	—	$2,600,313	—	$1,169,200	$49,874	$4,812,252
Jason Vollmer	Chief Financial Officer	$611,000	—	$944,686	—	$579,228	$135,274	$2,272,126
Garret Senger	Chief Utilities Officer	$513,692	—	$425,031	—	$382,234	$59,649	$1,431,427
Anthony D. Foti	Chief Legal Officer and Corporate Secretary	$465,000	—	$479,301	—	$382,044	$93,232	$1,419,577
Rob L. Johnson	President, WBI Energy, Inc.	$436,500	—	$327,216	—	$331,042	$105,001	$1,199,759

Fiscal 2024

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Nicole A. Kivisto	President and Chief Executive Officer	$966,137	—	$3,162,624	—	$1,454,400	$45,744	$5,628,905
Jason Vollmer	Chief Financial Officer	$602,317	—	$1,415,617	—	$712,050	$126,969	$2,856,953
Jeffrey Thiede	Former President and Chief Executive Officer, Everus business unit	$479,167	—	$1,152,171	—	—	$134,855	$1,766,193
Garret Senger	Chief Utilities Officer	$480,000	—	$591,717	—	$296,928	$46,864	$1,415,509
Anne M. Jones	Chief Human Resources, Administration, and Safety Officer	$443,256	—	$494,883	—	$340,168	$90,527	$1,368,834
Rob L. Johnson	President, WBI Energy, Inc.	$386,250	—	$396,901	—	$395,906	$87,584	$1,266,641
David Goodin	Former President and Chief Executive Officer	$262,903	—	$339,417	—	—	$151,347	$753,667

Fiscal 2023

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
David Goodin	Former President and Chief Executive Officer	$1,085,000	—	$3,359,339	—	$2,434,469	$48,691	$7,100,593
Nicole A. Kivisto	President and Chief Executive Officer	$550,000	—	$980,883	—	$845,625	$43,974	$2,479,280
Nicole Kivisto	CEO	$550,000	—	$980,883	—	$845,625	$43,974	$2,479,280
Jason Vollmer	Chief Financial Officer	$565,000	—	$1,007,320	—	$760,631	$122,874	$2,457,791
Jeffrey Thiede	Former President and Chief Executive Officer, Everus business unit	$550,000	—	$980,883	—	$605,138	$131,524	$2,267,545
Anne M. Jones	Chief Human Resources, Administration, and Safety Officer	$405,000	—	$339,977	—	$363,488	$106,666	$1,249,942
Rob L. Johnson	President, WBI Energy, Inc.	$347,917	—	$293,584	—	$337,731	$74,239	$1,053,471

Fiscal 2022

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
David Goodin	Former President and Chief Executive Officer	$1,044,000	—	$3,247,775	—	$739,935	$192,238	$5,257,288
Jeffrey Thiede	Former President and Chief Executive Officer, Everus business unit	$530,000	—	$860,649	—	$613,343	$166,470	$2,170,462
David Barney	Former President and CEO of	$535,000	—	$868,777	—	$313,377	$214,491	$1,931,645
Jason Vollmer	Chief Financial Officer	$530,000	—	$860,649	—	$225,383	$150,957	$1,766,989
Nicole Kivisto	CEO	$530,000	—	$860,649	—	$266,723	$78,795	$1,737,461
Nicole A. Kivisto	President and Chief Executive Officer	$530,000	—	$860,649	—	$266,723	$78,795	$1,737,461
Anne M. Jones	Chief Human Resources, Administration, and Safety Officer	$385,000	—	$312,594	—	$109,148	$81,271	$888,013

Fiscal 2021

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
David Goodin	President and CEO	$1,000,000	—	$3,222,639	—	$701,250	$221,007	$5,210,467
David Barney	Former President and CEO of	$512,500	—	$884,789	—	$310,191	$219,420	$1,926,900
Jeffrey Thiede	President and CEO of Construction Services Segment	$507,500	—	$876,148	—	$293,462	$171,822	$1,848,932
Nicole Kivisto	CEO	$507,500	—	$876,148	—	$332,666	$83,272	$1,802,231
Nicole A. Kivisto	President and CEO of Electric and Natural Gas	$507,500	—	$876,148	—	$332,666	$83,272	$1,802,231
Jason Vollmer	Vice President, CFO and Treasurer	$490,000	—	$845,942	—	$206,168	$122,163	$1,664,273

Fiscal 2020

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
David Goodin	President and CEO	$960,000	—	$2,974,497	—	$1,818,000	$186,779	$6,423,410
Knife River Corporation	—	$487,000	—	$725,030	—	$804,646	$220,062	$2,323,718
David Barney	President and CEO of	$487,000	—	$725,030	—	$804,646	$220,062	$2,323,718
Jeffrey Thiede	President and CEO of	$487,000	—	$725,030	—	$852,128	$170,362	$2,234,520
MDU Construction	Services Group, Inc.	$487,000	—	$725,030	—	$852,128	$170,362	$2,234,520
Nicole Kivisto	CEO	$487,000	—	$725,030	—	$436,839	$73,374	$1,906,301
Montana-Dakota Utilities Co	—	$487,000	—	$725,030	—	$436,839	$73,374	$1,906,301
Nicole A. Kivisto	President and CEO of	$487,000	—	$725,030	—	$436,839	$73,374	$1,906,301
Jason Vollmer	Vice President and CFO	$440,000	—	$654,388	—	$499,950	$105,928	$1,707,146

Fiscal 2019

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
David Goodin	President and CEO	$860,000	—	$3,029,392	—	$1,403,520	$116,077	$6,144,355
David Barney	President and CEO of	$468,500	—	$738,389	—	$843,300	$201,771	$2,426,077
Knife River Corporation	—	$468,500	—	$738,389	—	$843,300	$201,771	$2,426,077
Jeffrey Thiede	President and CEO of	$468,500	—	$738,389	—	$843,300	$151,751	$2,201,940
MDU Construction	Services Group, Inc.	$468,500	—	$738,389	—	$843,300	$151,751	$2,201,940
Nicole A. Kivisto	President and CEO of	$455,000	—	$738,389	—	$480,139	$54,763	$1,972,052
Montana-Dakota Utilities Co	—	$455,000	—	$738,389	—	$480,139	$54,763	$1,972,052
Nicole Kivisto	CEO	$455,000	—	$738,389	—	$480,139	$54,763	$1,972,052
Jason Vollmer	Vice President and CFO	$400,000	—	$605,877	—	$489,600	$86,049	$1,589,981

Fiscal 2018

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
David Goodin	President and CEO	$824,460	—	$2,433,437	—	$807,971	$72,884	$4,155,255
Knife River Corporation	—	$455,000	—	$958,410	—	$384,589	$251,255	$2,049,254
David Barney	President and CEO of	$455,000	—	$958,410	—	$384,589	$251,255	$2,049,254
Jeffrey Thiede	President and CEO of	$455,000	—	$958,410	—	$437,141	$140,925	$1,991,476
MDU Construction	Services Group, Inc.	$455,000	—	$958,410	—	$437,141	$140,925	$1,991,476
Montana-Dakota Utilities Co	—	$430,000	—	$609,197	—	$225,277	$42,302	$1,306,986
Nicole A. Kivisto	President and CEO of	$430,000	—	$609,197	—	$225,277	$42,302	$1,306,986
Nicole Kivisto	CEO	$430,000	—	$609,197	—	$225,277	$42,302	$1,306,986
Jason Vollmer	Vice President and CFO	$350,000	—	$495,840	—	$222,950	$69,589	$1,138,379

Fiscal 2017

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
David Goodin	President and CEO	$792,750	—	$1,504,546	—	$1,377,007	$40,971	$4,058,001
MDU Construction	Services Group, Inc.	$437,750	—	$332,318	—	$743,629	$123,163	$1,636,860
Knife River Corporation	—	$427,140	—	$324,247	—	$483,736	$173,331	$1,502,240
Montana-Dakota Utilities Co	—	$378,000	—	$286,955	—	$433,906	$33,049	$1,228,841
Jason Vollmer	Vice President, CFO and Treasurer	$256,625	—	$95,101	—	$230,988	$48,156	$634,551

Executive changes

Person	Role	Change	Effective	Filed
Tammy J. Miller	director	Appointed	2025-08-12	2025-08-13
Charles M. Kelley	director	Appointed	2025-08-12	2025-08-13
Priti R. Patel	Director	Appointed	2025-05-13	2025-05-15
Dennis W. Johnson	Director	Appointed	2025-05-13	2025-05-15
Nicole A. Kivisto	Director	Appointed	2025-05-13	2025-05-15
Douglas W. Jaeger	Director	Appointed	2025-05-13	2025-05-15
Vernon A. Dosch	Director	Appointed	2025-05-13	2025-05-15
Marian M. Durkin	Director	Appointed	2025-05-13	2025-05-15
Darrel T. Anderson	Director	Appointed	2025-05-13	2025-05-15
Vernon A. Dosch	director	Appointed	2024-11-15	2024-11-14
James H. Gemmel	director	Resigned	2024-10-31	2024-11-01
Jeffrey S. Thiede	executive officer	Resigned	2024-10-31	2024-11-01
David M. Sparby	director	Resigned	2024-10-31	2024-11-01
Dale S. Rosenthal	director	Resigned	2024-10-31	2024-11-01
Edward A. Ryan	director	Resigned	2024-10-31	2024-11-01
Michael S. Della Rocca	director	Resigned	2024-10-31	2024-11-01
Marian M. Durkin	Director	Appointed	2024-08-15	2024-08-15
Michael S. Della Rocca	Director	Appointed	2024-08-15	2024-08-15
Darrel T. Anderson	director	Appointed	2023-11-16	2023-11-17
Nicole A. Kivisto	Director	Appointed	2024-01-06	2023-08-17
Nicole A. Kivisto	President and Chief Executive Officer	Appointed	2024-01-06	2023-08-17
David L. Goodin	President and Chief Executive Officer	Retired	2024-01-05	2023-08-17
Paul R. Sanderson	Vice President, Chief Legal Officer, and Secretary of the Company	Appointed	2023-05-31	2023-06-01
Rob L. Johnson	president of WBI Energy, Inc., the Company's natural gas pipeline subsidiary	Appointed	2023-05-31	2023-06-01
Trevor J. Hastings	executive officer of the Company	Resigned	2023-05-31	2023-06-01

Leadership

Nicole A. Kivisto CEO, Board Member
Nicole Kivisto CEO, Board Member
Jason Vollmer CFO
Dyke A. Boese CIO, Board Member
Anthony D. Foti General Counsel
Paul R. Sanderson General Counsel
Stephanie Sievert Chief Accounting Officer
Charles M. Kelley Board Member
German Carmona Alvarez Board Member
James H. Gemmel Board Member
Marian M. Durkin Board Member
Michael S. Della Rocca Board Member
Priti R. Patel Board Member
Tammy J. Miller Board Member
Vernon A. Dosch Board Member

Key facts CIK 67716 CUSIP 552690109 13F (30d) 85 filings 81 filers Visit website Investor relations