MDU Resources adopts CIC severance plan, modifies LTIP vesting for change in control

MDU RESOURCES GROUP INC

CEO Kivisto gets 3x base+target severance; CFO Vollmer & Thiede get 2x.
CIC plan also provides prorated incentive, healthcare/RRA up to 2x 12-mo cost, $10.5k outplacement.
LTIP amendment: 2024+ equity awards vest on CIC unless replaced; replacement awards have double-trigger vesting.
Benefits conditioned on release of claims and one-year noncompete, two-year nondisparagement, perpetual confidentiality.

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