Company: NODK
Filing Date: 2025-04-09
Form Type: DEF 14A
Source: 0001174947-25-000546
Chunk: 28

Company: NI Holdings, Inc.
Filing Date: 2025-04-09
Form: DEF 14A
Chunk 28
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  |     |         84,000 |     |    52,020 |     |            — |     | 136,020 |
| Cindy L. Launer(2)  |     |         53,085 |     |    52,020 |     |      355,043 |     | 460,148 |
| Stephen V. Marlow   |     |         88,000 |     |    52,020 |     |            — |     | 140,020 |
| Prakash Mathew      |     |         84,000 |     |    52,020 |     |            — |     | 136,020 |
| Jeffrey R. Missling |     |         60,000 |     |    52,020 |     |            — |     | 112,020 |

____________ (1)As of December 31, 2024, each non -employeedirector had 3,400 restricted stock units outstanding. The grant date fair value was $52,020, computed in accordance with FASB ASC Topic 718 using the closing price of our common stock on the grant date. These RSUs vest at the 2025 Annual Meeting, although three of the directors have elected to defer receipt of their shares until a later date. Estimated forfeitures are included in the determination of compensation costs. (2)Ms. Launer served as the Interim Chief Executive Officer during 2024. The compensation she received for serving as Interim CEO is reported in the All Other Compensation column. See the Compensation Discussion and Analysis for discussion of this compensation Mr. Stende was appointed as a member of the Board in March 2025 and, therefore, did not receive any compensation as a director in 2024. Mr. Stende will be eligible to receive compensation for his services as a non -employeemember of the Board as described below. Mr. Alexander, our previous President and Chief Executive Officer until his departure in August 2024, did not receive compensation for his services as a director. Mr. Daggett, our new President and Chief Executive Officer as of December 2024, also did not receive compensation for his services as a director. The compensation amounts received by Messrs. Alexander and Daggett as employees are shown in the “Executive Compensation” section of this Proxy Statement. Ms. Launer did not receive director compensation while she served as Interim Chief Executive Officer from August 2024 to November