NODK · NI Holdings, Inc.

$15.33 -0.28 (-1.79%)

Market Cap

$319.72M

20.48M

Named-executive compensation from the company's DEF 14A proxy statements — salary, bonus, stock and option awards, non-equity incentive, and the company-reported total per executive per fiscal year, exactly as disclosed in the Summary Compensation Table.

Fiscal 2025

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Seth C. Daggett	CEO	$594,114	—	$675,788	—	—	$2,656,252	$3,926,153
Matthew J. Maki	CFO	$416,194	$45,000	$393,725	—	$392,250	$109,563	$1,356,790
Cindy L. Launer	CEO	$167,614	—	$187,493	—	$240,000	$117,409	$712,516
Kevin Elfstrand	Chief Accounting Officer	$295,750	—	$103,867	—	$212,940	$56,685	$669,299
Douglas A. Duncan	CIO	$221,459	$25,000	—	—	$159,450	$36,909	$442,818

Fiscal 2024

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Michael J. Alexander	CEO	$528,500	—	$868,428	—	—	$3,973,224	$5,370,152
Seth C. Daggett	CEO	$432,083	$100,000	$555,004	—	$416,874	$122,067	$1,626,028
Patrick W. Duncan	Senior Vice President, Operations	$283,938	—	$144,738	—	—	$907,187	$1,335,863
Matthew J. Maki	CFO	$321,466	—	$134,190	—	$206,767	$75,194	$737,617
Cindy L. Launer	CEO	$355,730	—	—	—	—	$105,105	$460,148

Fiscal 2023

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Michael J. Alexander	CEO	$824,000	—	$840,695	—	$526,673	$206,521	$2,397,889
Seth C. Daggett	CEO	$358,750	—	$252,070	—	$125,413	$100,597	$836,830
Patrick W. Duncan	Senior Vice President, Operations	$304,000	—	$135,730	—	$106,273	$77,530	$623,533

Fiscal 2022

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Michael J. Alexander	CEO	$824,000	—	$827,170	—	$412,000	$205,285	$2,268,455
Seth C. Daggett	CEO	$303,750	—	$228,060	—	$101,240	$100,013	$733,063
Patrick W. Duncan	Senior Vice President, Operations	$292,500	—	$128,510	—	$97,490	$67,625	$586,125

Fiscal 2021

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Michael J. Alexander	CEO	$820,000	—	$870,488	—	$307,910	$272,153	$2,270,551
Seth C. Daggett	CFO	$276,667	$23,776	$173,352	—	$75,392	$64,486	$613,673
Patrick W. Duncan	Senior Vice President, Operations	$285,000	—	$139,800	—	$77,663	$99,753	$602,216

Fiscal 2020

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Michael J. Alexander	CEO	$800,000	—	$708,722	—	$951,440	$236,056	$2,696,218
Brian R. Doom	CFO	$302,500	—	$216,752	—	$304,088	$81,093	$904,433
Patrick W. Duncan	Senior Vice President, Operations	$282,500	—	$114,080	—	$274,967	$78,940	$750,487

Fiscal 2019

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Michael J. Alexander	CEO	$766,875	—	$755,937	—	$726,921	$263,730	$2,513,463
Brian R. Doom	CFO	$292,500	—	$229,671	—	$153,976	$254,849	$930,996
Patrick W. Duncan	Senior Vice President, Operations	$271,250	—	$117,117	—	$142,790	$105,886	$637,043

Fiscal 2018

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Michael J. Alexander	CEO	$750,000	—	$742,625	—	$840,525	$293,174	$2,626,324
Brian R. Doom	CFO	$285,000	—	$225,875	—	$227,528	$219,558	$957,961
Patrick W. Duncan	Senior Vice President, Operations	$260,000	—	$117,000	—	$207,569	$112,170	$696,739

Executive changes

Person	Role	Change	Effective	Filed
Callie J. Thomas	director	Appointed	2026-05-19	2026-05-26
Dana J. Kaldor	director	Appointed	2026-05-19	2026-05-26
Seth C. Daggett	President and Chief Executive Officer	Terminated	2025-10-10	2025-10-31
Cindy L. Launer	President and Chief Executive Officer	Appointed	2025-10-10	2025-10-10
Seth C. Daggett	member of the Company's Board of Directors	Resigned	2025-10-10	2025-10-10
Seth C. Daggett	President and Chief Executive Officer	Terminated	2025-10-10	2025-10-10

Key facts CIK 1681206 CUSIP 65342T106 13F (30d) 16 filings 16 filers Visit website