Donald H. Nikolaus has seen fluctuations in his stock holdings during his tenure at Donegal Group, particularly in the context of incentive compensation shaped by the company's performance. For example, in 2015, he was granted stock options amounting to 100,000...

Donald H. Nikolaus has seen fluctuations in his stock holdings during his tenure at Donegal Group, particularly in the context of incentive compensation shaped by the company's performance. For example, in 2015, he was granted stock options amounting to 100,000 shares at an exercise price of $13.64 each. These options were a part of his total compensation of nearly $1.5 million that year. At times, he leveraged significant incentives to align his interests with Company performance. His stock holdings have represented a major portion of his wealth, especially when stock prices responded positively to the underwriting results. Over the years, his performance has been closely tied to the company's profitability metrics.