KNIFE RIVER CORPORATION DIRECTOR COMPENSATION POLICY
Knife River Corp
KNIFE RIVER CORPORATION DIRECTOR COMPENSATION POLICY This Director Compensation Policy (the “Policy”) was adopted by the Board of Directors (the “Board”) of Knife River Corporation (the “Company”) on May 20, 2026, and is effective as of June 1, 2026. Each member of the Board who is not an employee of the Company or any of its subsidiaries (a “Director”) shall receive compensation made up of annual cash retainers and a restricted stock unit (“RSU”) award for shares of the Company’s common stock (“Common Stock”), as set forth in this policy. Cash Compensation Annual Cash Retainers Base Retainer $110,000 Additional Retainers: Non-Executive Chair of the Board $125,000 Chair of Audit Committee $25,000 Chair of Compensation Committee $20,000 Chair of Nominating and Governance Committee $15,000 Such cash retainers shall be paid in monthly installments. The Knife River Corporation Deferred Compensation Plan for Directors (the “Plan”) permits a Director to defer all or any portion of the annual cash retainers. The amount deferred is recorded in each participant's deferred compensation account
…