Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-03-25

NLI HOLDINGS, INC. (NL)

CEO Courtney Riley was paid $1,412,000 in fiscal year 2025, ↓ down 1.5% from fiscal year 2024 (SEC filing 0000072162-26-000018 ↗): executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$2,616,000
Michael Simmons total, FY2025
Vice Chairman of the Board — highest-paid officer; CEO Courtney Riley: $1,412,000
—
CEO (Courtney Riley) pay percentile vs peers
17:1
CEO-to-median pay ratio
—
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Sample answer — “What is the CEO’s total compensation?”
- Courtney Riley (President and Chief Executive Officer), FY2025 total compensation $1,412,000 (base salary $1,412,000) [exec_comp, SEC accession 0000072162-26-000018, filed 2026-03-25]

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NL's next annual pay disclosure, estimated March 25, 2027.est. Filing ↗

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Michael Simmons$2,616,000$0$0$0$0$0$0$2,616,000
Vice Chairman of the Board
Courtney Riley1,412,0000000001,412,000
President and Chief Executive Officer
Amy Samford1,225,0000000001,225,000
Executive Vice President and Chief Financial Officer
John Sunny1,142,0000000001,142,000
Executive Vice President and Chief Information Officer
John Powers723,000000000723,000
Senior Vice President and General Counsel

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2025 totalFY2024 totalFY2023 totalΔ FY2024→2025
Michael Simmons$2,616,000$1,659,000$1,320,000↑ +957,000
Courtney Riley1,412,0001,433,0001,399,000↓ −21,000
Amy Samford1,225,0001,231,0001,175,000↓ −6,000
John Sunny1,142,0001,078,000—↑ +64,000
John Powers723,000696,000671,000↑ +27,000

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

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Companies that benchmark against NL
No companies currently name NL as a compensation peer in their most recent disclosure.

This is the complete answer, not a partial one — the list is never padded.

02

Equity transactions since the proxy statement was filed

No insider equity transactions reported since the proxy statement.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
R. Gerald TurnerRSU88,000—$20,076
Kevin B. KramerRSU82,000—20,100
Loretta J. FeehanRSU107,000—20,100
Loretta J. FeehanRSU108,000—20,076
John E. HarperRSU107,000—20,100
Meredith W. MendesRSU103,000—20,076
Loretta J. FeehanPSU128,076—24,059
Meredith W. MendesRSU107,000—20,100
Cecil H. Moore JrRSU107,000—20,100
R. Gerald TurnerRSU40,500—20,100
Loretta J. FeehanRSU105,000—19,493
John E. HarperRSU108,000—20,076
Kevin B. KramerRSU83,000—20,076
05

Incentive-plan design — the Compensation Discussion & Analysis

NL's executive officers are employees of Contran and provide services to NL pursuant to an Intercorporate Services Agreement (ISA). NL's compensation philosophy is based on the cost of employing these personnel, which is allocated to NL based on the estimated percentage of time devoted to the company, and is determined to be fair and reasonable without independent market research.

CEO STI target (% of salary)—
CEO LTI target (% of salary)—
Independent consultant—
Clawback policytrue
Anti-hedgingfalse
Anti-pledgingfalse
07

CEO pay ratio

Ratio (CEO : median employee)17 : 1
CEO total compensation—
Median employee compensation$81,209
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Cecil H. Moore JrIndependent · Audit (Chair)$107,000$20,100———$127,100
John E. HarperIndependent · Audit107,00020,100———127,100
Loretta J. FeehanNot independent · Board Chair107,00020,100———127,100
Meredith W. MendesIndependent · Audit107,00020,100———127,100
Kevin B. KramerIndependent · Audit82,00020,100———102,100
R. Gerald TurnerIndependent · Audit · Newly elected40,50020,100———60,600
Courtney J. RileyEmployee director—————0
Michael S. SimmonsEmployee director—————0
09

Board fee structure and ownership guideline

Annual cash retainer$50,000
Annual equity retainer—
Per board meeting fee$1,000
Committee chair fees (audit / comp / nom-gov)45,000
Stock ownership guideline$3
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$550,500
Equity awards (grant-date value)$120,600
All other compensation$0
Total cost of the board$671,100

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

10b

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1NLI HOLDINGS, INC.2025Courtney Riley$1,412,000$0$0$0$1,412,000

Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

10d

Frequently asked questions

Who was the highest-paid executive at NLI HOLDINGS, INC. in fiscal 2025?
As disclosed, Michael Simmons (Vice Chairman of the Board) was the highest-paid executive at NLI HOLDINGS, INC. in fiscal 2025, with total compensation of $2,616,000.
What is NLI HOLDINGS, INC.'s CEO-to-median employee pay ratio?
As disclosed, NLI HOLDINGS, INC.'s CEO-to-median employee pay ratio was 17:1.
How much does NLI HOLDINGS, INC. spend in total on board compensation for fiscal 2025?
As disclosed, NLI HOLDINGS, INC. reported total board compensation of $671,100 for fiscal 2025.

Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, Michael SimmonsDEF 14A2026-03-250000072162-26-000018Section “Executive Compensation”. As printed: 2,616,000. Filing ↗machine: r2 · c10 · span 424379–424388
2Section 01, Courtney RileyDEF 14A2026-03-250000072162-26-000018Section “Executive Compensation”. As printed: 1,412,000. Filing ↗machine: r6 · c10 · span 434907–434916
3Section 01, Amy SamfordDEF 14A2026-03-250000072162-26-000018Section “Executive Compensation”. As printed: 1,225,000. Filing ↗machine: r10 · c10 · span 447029–447038
4Section 01, John SunnyDEF 14A2026-03-250000072162-26-000018Section “Executive Compensation”. As printed: 1,142,000. Filing ↗machine: r14 · c10 · span 459210–459219
5Section 01, John PowersDEF 14A2026-03-250000072162-26-000018Section “Executive Compensation”. As printed: 723,000. Filing ↗machine: r17 · c10 · span 468337–468344
6Section 07, pay ratioDEF 14A2026-03-250000072162-26-000018Section “CEO Pay Ratio”. As printed: 17 : 1. Filing ↗
7Section 08, Cecil H. Moore JrDEF 14A——Section “Director Compensation”. As printed: 127,100.
8Section 08, John E. HarperDEF 14A——Section “Director Compensation”. As printed: 127,100.
9Section 08, Loretta J. FeehanDEF 14A——Section “Director Compensation”. As printed: 127,100.
10Section 08, Meredith W. MendesDEF 14A——Section “Director Compensation”. As printed: 127,100.
11Section 08, Kevin B. KramerDEF 14A——Section “Director Compensation”. As printed: 102,100.
12Section 08, R. Gerald TurnerDEF 14A——Section “Director Compensation”. As printed: 60,600.
13Section 08, Courtney J. RileyDEF 14A——Section “Director Compensation”. As printed: 0.
14Section 08, Michael S. SimmonsDEF 14A——Section “Director Compensation”. As printed: 0.
15Section 01 trend, Δ column (computed)Computed——Δ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
16Section 09b board cost (computed)Computed——Cash 550,500 + equity 120,600 + all other 0 = 671,100, summed across the director compensation table rows.machine: formula: Σ = 671,100
17NLI HOLDINGS, INC. (subject), Section 10b CEO totalDEF 14A2026-03-250000072162-26-000018CEO total compensation as printed in NLI HOLDINGS, INC.'s own proxy. As printed: 1,412,000. Filing ↗machine: r6 · c10 · span 434907–434916

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