MDU Resources Group (MDU) Director to Sell 300K Shares

August 10, 2016 5:33 PM EDT

Get access to the best calls on Wall Street with's Ratings Insider Elite. Get your Free Trial here.

MDU Resources Group, Inc. (NYSE: MDU) today announced that outside Director Thomas Everist intends to file a Form 144 on Aug. 11 with the Securities and Exchange Commission, indicating his intent to sell within the next month up to 300,000 shares of MDU Resources common stock held by The Everist Company.

Everist beneficially owns approximately 1.15 million shares of MDU Resources common stock, which is less than 1 percent of outstanding shares. A majority of the shares were acquired when his construction materials business, Connolly-Pacific Co., was sold to MDU Resources in 2000.

"MDU Resources is an exceptional company, and I am proud to be on the board of directors and a significant shareholder," Everist said. "I am selling a portion of my shares, which I have held for 16 years, to diversify my portfolio."

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Insider Trades, Management Comments

Add Your Comment