Nicole Kivisto is President and Chief Executive Officer of MDU Resources Group Inc (MDU). The company reported total compensation of $4,812,252 for fiscal year 2025.
| Salary | $925,000 |
|---|---|
| Bonus | $0 |
| Stock awards | $2,600,313 |
| Option awards | $0 |
| Non-equity incentive plan | $1,169,200 |
| Pension and non-qualified deferred compensation | $67,865 |
| All other compensation | $49,874 |
| Total | $4,812,252 |
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 MDU Resources Group Inc filed April 1, 2026, accession 0000067716-26-000040.
| Fiscal year | Role | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension / NQDC | All other | Total |
|---|---|---|---|---|---|---|---|---|---|
| FY2025 | President and Chief Executive Officer | $925,000 | $0 | $2,600,313 | $0 | $1,169,200 | $67,865 | $49,874 | $4,812,252 |
| FY2024 | President and Chief Executive Officer | $966,137 | $0 | $3,162,624 | $0 | $1,454,400 | $0 | $45,744 | $5,628,905 |
| FY2023 | President and Chief Executive Officer | $550,000 | $0 | $980,883 | $0 | $845,625 | $58,798 | $43,974 | $2,479,280 |
Totals as disclosed in each year's own compensation disclosure for MDU Resources Group Inc.
| Peer-group chief executive median | $6,433,253 |
|---|---|
| Difference from that median | $-1,621,001 |
| Percentile within the disclosed peer group | 32nd |
| Peers with a disclosed figure | 18 |
Medians and percentiles are computed across the peer group MDU Resources Group Inc discloses in its own compensation disclosure.
| Named executive officer | Role | FY2025 total |
|---|---|---|
| Nicole Kivisto this page | President and Chief Executive Officer | $4,812,252 |
| Jason Vollmer | Chief Financial Officer | $2,272,126 |
| Garret Senger | Chief Utilities Officer | $1,431,427 |
| Anthony Foti | Chief Legal Officer and Corporate Secretary | $1,419,577 |
| Rob Johnson | President, WBI Energy, Inc. | $1,199,759 |
The company's named executive officers for fiscal year 2025, and what it reported for each. See the full MDU Resources Group Inc compensation brief.
Nicole Kivisto's compensation sits inside MDU Resources Group Inc's full executive and board picture — the peer group, pay against peers, incentive design and the board itself.