---
schema_version: "secwatch.filing_event.v1"
accession: "0001955520-24-000045"
form_type: "8-K"
ticker: "KNF"
cik: "0001955520"
company_name: "Knife River Corp"
filed_at: "2024-08-21T23:59:59+00:00"
generated_at: "2026-05-31T08:19:30.188041+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Knife River adopts CIC severance plan for named executives; switches to double trigger for equity vesting

## Summary
- Effective Aug 20, 2024, Compensation Committee adopted CIC Plan covering CEO and four other named officers.
- CEO Brian Gray receives 3x multiple; other NEOs receive 2x multiple on base salary plus target incentive.
- Benefits triggered only if termination occurs within two years post-change-in-control (double trigger).
- Company will move equity awards to double-trigger vesting starting with 2025 annual awards.
- Participants must sign release, one-year non-compete, two-year non-disparagement, perpetual confidentiality.

## SEC filing metadata
- accession: 0001955520-24-000045
- form_type: 8-K
- ticker: KNF
- cik: 0001955520
- company_name: Knife River Corp
- filed_at: 2024-08-21T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1955520/000195552024000045/0001955520-24-000045-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1955520/000195552024000045/knf-20240820.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001955520-24-000045
- JSON: https://secwatch.observer/filing/0001955520-24-000045.json
- Plain text: https://secwatch.observer/filing/0001955520-24-000045.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.