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CompBrief
Fiscal year 2025

Brian Gray — FY2025 total compensation $5,820,868

Brian Gray is President and Chief Executive Officer of Knife River Corp (KNF). The company reported total compensation of $5,820,868 for fiscal year 2025.

01

Fiscal year 2025 compensation

Salary$1,000,000
Bonus$0
Stock awards$3,785,841
Option awards$0
Non-equity incentive plan$1,006,253
Pension and non-qualified deferred compensation$0
All other compensation$28,774
Total$5,820,868

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed, without adjustment.

Cited to the compensation disclosure Knife River Corp filed April 6, 2026, accession 0001628280-26-023783.

02

History — every fiscal year held

Fiscal yearRoleSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
FY2025President and Chief Executive Officer$1,000,000$0$3,785,841$0$1,006,253$0$28,774$5,820,868
FY2024President and Chief Executive Officer$880,000$0$4,119,361$0$1,825,838$0$116,374$6,941,573
FY2023President and Chief Executive Officer$658,334$0$2,620,279$0$1,644,521$0$68,348$4,991,482
FY2022President and Chief Executive Officer (CEO)$359,341$0$0$0$332,717$0$72,308$764,366

Totals as disclosed in each year's own compensation disclosure for Knife River Corp.

03

Peer context

Peer-group chief executive median$8,784,879
Difference from that median$-2,964,011
Percentile within the disclosed peer group10th
Peers with a disclosed figure10

Medians and percentiles are computed across the peer group Knife River Corp discloses in its own compensation disclosure.

04

The other named executive officers of Knife River Corp

Named executive officerRoleFY2025 total
Brian Gray this pagePresident and Chief Executive Officer$5,820,868
Trevor HastingsVice President and Chief Operating Officer$1,978,485
Nathan RingVice President and Chief Financial Officer$1,906,455
Karl LiepitzVice President, Chief Legal Officer and Secretary$1,710,001
Glenn PladsenVice President and Chief Excellence Officer$1,299,829

The company's named executive officers for fiscal year 2025, and what it reported for each. See the full Knife River Corp compensation brief.

05

The company page

Brian Gray's compensation sits inside Knife River Corp's full executive and board picture — the peer group, pay against peers, incentive design and the board itself.

The Knife River Corp (KNF) compensation brief