Kevin Elfstrand compensation by year
NI Summary Compensation Table · the one fiscal year held| Component | FY2025 |
|---|---|
| Salary | $295,750 |
| Bonus | $0 |
| Stock awards | $103,867 |
| Option awards | $0 |
| Non-equity incentive | $212,940 |
| Pension and deferred compensation | $0 |
| All other | $56,685 |
| Total | $669,299 |
Each year as stated in that year's proxy. A dash means the company reported no figure in that column. Source: NI Holdings, Inc. DEF 14A filed April 8, 2026, accession 0002077096-26-000051, and prior-year filings. Open the filing on EDGAR.
Equity holdings
unvested awards at FY2025 year-end| Type | Unvested units | Value at year-end | Exercise price |
|---|---|---|---|
| RSU | 7,294 | $97,010 | — |
| RSU | 1,867 | $24,831 | — |
| PSU | 2,800 | $23,796 | — |
| RSU | 1,200 | $15,960 | — |
Per the Outstanding Equity Awards at Fiscal Year-End table in NI Holdings, Inc.'s FY2025 proxy; value at the fiscal year-end close, as the company printed it.
NI’s named executive officers, FY2025
as the company reported each| Named executive officer | Role | FY2025 total |
|---|---|---|
| Seth Daggett | Former President and Chief Executive Officer | $3,926,153 |
| Matthew Maki | Executive Vice President, Treasurer and Chief Financial Officer | $1,356,790 |
| Cindy Launer | President and Chief Executive Officer | $712,516 |
| Kevin Elfstrand · this page | Senior Vice President, Chief Accounting Officer and Secretary | $669,299 |
| Douglas Duncan | Senior Vice President and Chief Information Officer | $442,818 |
The full NI compensation record
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Compensation, the day it’s disclosed
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How this record is built
Every figure on this page is one figure from a public SEC filing, printed as the filing states it and cited to the document. Compensation totals are NI's own disclosed totals, not summed by Velarion. Insider transactions are read from Form 4 filings and cover every line filed since the most recent proxy. Nothing is estimated by Velarion; where the company does not disclose a value the cell reads "—", and a section appears only where the company discloses the data. Corrections: records@velarion.ai.
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