Stock-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2024

Share-Based Payment Arrangement [Abstract]

Schedule of Nonvested Restricted Stock Units Activity

A summary of restricted stock units, including the conversion to Everus restricted stock units, for the year ended December 31, 2024 was as follows: 

	Restricted Stock Units
	Number of Shares	Weighted Average Grant-Date Fair Value**
Nonvested pre-Separation	243,327	$	21.37
Conversion to Everus restricted stock units*	(109,596)
Vested shares	(30,939)	40.72
Nonvested as of December 31, 2024	102,792	$	38.33

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*Includes the conversion adjustments to preserve the intrinsic value of the awards.

**     Weighted average grant-date fair values represent post-separations of Knife River Corporation and the Company from MDU Resources in 2023 and 2024, respectively.

As of December 31, 2024, total remaining unrecognized compensation expense related to the restricted stock units was approximately $2.1 million, which will be amortized over a weighted average period of 1.7 years.