Nicole Kivisto compensation by year
MDU RESOURCES Summary Compensation Table · all 9 fiscal years held| Component | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|
| Salary | $378,000 | $430,000 | $455,000 | $487,000 | $507,500 | $530,000 | $550,000 | $966,137 | $925,000 |
| Bonus | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock awards | $286,955 | $609,197 | $738,389 | $725,030 | $876,148 | $860,649 | $980,883 | $3,162,624 | $2,600,313 |
| Option awards | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Non-equity incentive | $433,906 | $225,277 | $480,139 | $436,839 | $332,666 | $266,723 | $845,625 | $1,454,400 | $1,169,200 |
| Pension and deferred compensation | $96,931 | $210 | $243,761 | $184,058 | $2,645 | $1,294 | $58,798 | $0 | $67,865 |
| All other | $33,049 | $34,494 | $54,763 | $73,374 | $83,272 | $78,795 | $43,974 | $45,744 | $49,874 |
| Total | $1,228,841 | $1,299,178 | $1,972,052 | $1,906,301 | $1,802,231 | $1,737,461 | $2,479,280 | $5,628,905 | $4,812,252 |
Each year as stated in that year's proxy. A dash means the company reported no figure in that column. Source: MDU RESOURCES GROUP INC DEF 14A filed April 1, 2026, accession 0000067716-26-000040, and prior-year filings. Open the filing on EDGAR.
How this page was built: the MDU RESOURCES GROUP INC filed document, accession 0000067716-26-000040. Every figure is read from that document and cited to the page and table it appears in. Filed April 1, 2026.
Equity holdings
unvested awards at FY2025 year-end| Type | Unvested units | Value at year-end | Exercise price |
|---|---|---|---|
| RSU | 302,158 | $5,898,124 | — |
| PSU | 107,261 | $2,093,735 | — |
| RSU | 494,432 | — | — |
| PSU | 247,644 | — | — |
Per the Outstanding Equity Awards at Fiscal Year-End table in MDU RESOURCES GROUP INC's FY2025 proxy; value at the fiscal year-end close, as the company printed it.
MDU RESOURCES’s named executive officers, FY2025
as the company reported each| 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 |
Board service
MDU RESOURCES board · FY2025How this board is paid
Company policy: MDU RESOURCES pays directors a $110,000 cash retainer and $150,000 in Stock (fully vested). As stated in MDU RESOURCES's FY2025 proxy.
The full MDU RESOURCES compensation record
free company briefThis page is one person within MDU RESOURCES's record. The company brief lists every named executive, each linking to their own page.
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How this record is built
Every figure on this page is one figure from a public SEC filing, printed as the filing states it and cited to the document. Compensation totals are MDU RESOURCES's own disclosed totals, not summed by Velarion. Insider transactions are read from Form 4 filings and cover every line filed since the most recent proxy. Nothing is estimated by Velarion; where the company does not disclose a value the cell reads "—", and a section appears only where the company discloses the data. Corrections: records@velarion.ai.
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