Company: NODK
Filing Date: 2025-04-09
Form Type: DEF 14A
Source: 0001174947-25-000546
Chunk: 51

Company: NI Holdings, Inc.
Filing Date: 2025-04-09
Form: DEF 14A
Chunk 51
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 |             — |     |          — |
| Matthew J. Maki      |     | Non-Qualified Deferred Compensation Plan |     |             — |     |        18,240 |     |      1,216 |     |             — |     |     27,784 |

____________ (1)Company contributions are reported as 2024 compensation in the “All Other Compensation” column of the Summary Compensation Table. (2)Aggregate earnings represent the notional capital gains or losses on deemed investments in publicly available mutual funds and notional interest and dividends held in the plans during 2024. The Company does not provide any preferential or above -marketearnings or contributions. These earnings are not reported in any column of the Summary Compensation Table. (3)Ms. Launer was not eligible for participation in the non -qualifieddeferred compensation plan pursuant to her compensation arrangement as Interim Chief Executive Officer.

41

Potential Payments Upon Termination or Change in Control Each of our NEOs (other than Messrs. Alexander and Duncan and Ms. Launer) is eligible to receive certain payments or benefits upon a termination of employment pursuant to their individual arrangements. Mr. Alexander’s employment as Chief Executive Officer was terminated effective August 13, 2024, and such termination was a termination without “Cause” by the Company under his employment agreement. Mr. Duncan’s employment as Senior Vice President, Operations, was terminated effective November 20, 2024, and such termination was a termination without “Cause” by the Company under his employment agreement. The terms of both NEOs separations are described further below. Ms. Launer served as our Interim Chief Executive Officer from August 18, 2024 until November 30, 2024, at which time she ceased serving as Interim Chief Executive Officer when Mr. Daggett was appointed Chief Executive Officer, and she continued to serve as a non -employeedirector. She did not receive any payments or benefits in connection with the end of her service as Interim Chief Executive Officer. The following table describes the potential payments and benefits under the Company’s compensation and benefit plans and contractual agreements to which the other NEOs (other than Ms. Launer) would have been entitled if a termination of employment or change in control occurred on the last business day of 2024. The only agreements, arrangements, or plans that entitle executive officers to severance, perquisites, or other enhanced benefits upon termination of their employment or change in control are employment agreements