Company: NODK
Filing Date: 2025-04-09
Form Type: DEF 14A
Source: 0001174947-25-000546
Chunk: 45

Company: NI Holdings, Inc.
Filing Date: 2025-04-09
Form: DEF 14A
Chunk 45
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            — |     |  105,105 |     |           — |     |      105,105 |
| Matthew J. Maki      |     |       44,850 |     |    11,618 |     |        18,240 |     |            — |     |        — |     |         486 |     |       75,194 |

____________ (a)The amounts reported in the “Defined Contribution Plans” column include Company contributions to the Nodak Insurance Company’s 401(k) Plan. (b)The amounts reported in the “Employee Stock Ownership Plan” column represent the market value of ESOP shares allocated to participants as of December 31, 2024. (c)The amounts reported in the “Non -QualifiedDeferred Compensation” column represent additional company contributions to a non -qualifieddeferred compensation plan to restore amounts that would have been contributed to the 401(k) Plan absent IRS limits. (d)The amounts reported in the “Severance” column are in accordance with the employment agreements for Messrs. Alexander and Duncan. (e)The amount reported in the “Director Fees” column represents Ms. Launer’s compensation for serving as a director of the Company. Refer to discussion under “Director Compensation” for a description of the director compensation program. (f)The amounts reported in the “Perquisites and Other Amounts” column include executive wellness benefits, premiums paid for excess life insurance coverage, and country club dues. The amount for Mr. Alexander includes amounts for a company car, country club dues, and the payout of paid time off at time of termination. The amount for Mr. Daggett includes amounts for a company car, executive wellness benefits, and country club dues. The amount for Mr. Duncan includes amounts for country club dues and the payout of paid time off at time of termination. Narrative to the Summary Compensation Table NEOs are entitled to participate in insurance, paid time off, and other fringe benefit programs that the Company maintains for its other employees. The Company provides a 401(k) profit -sharingplan, an ESOP, group medical insurance, group dental insurance, and group term life insurance to its eligible employees. The Company pays the country club membership dues of Messrs. Alexander, Daggett, and Duncan. Messrs. Daggett and Maki are each party to an employment agreement with NI Holdings, Inc. and Nodak Insurance Company. Mr. Daggett’s agreement has a term of two years. Mr