NLI HOLDINGS, INC. 10-K

ITEM 5. MARKET FOR REGISTRANT’S COMMON EQUITY AND RELATED STOCKHOLDER MATTERS Our common stock is listed and traded on the New York Stock Exchange (NYSE: NL). As of February 27, 2026, there were approximately 1,371 holders of record of our common stock. Performance graph Set forth below is a table and line graph comparing the yearly change in our cumulative total stockholder return on our common stock against the cumulative total return of the S&P 500 Composite Stock Price Index and the S&P 500 Industrial Conglomerates Index for the period from December 31, 2020 through December 31, 2025. The graph shows the value at December 31 of each year assuming an original investment of $100 at December 31, 2020 and the reinvestment of dividends. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ ​ ​ ​ 2020 ​ ​ ​ 2021 ​ ​ ​ 2022 ​ ​ ​ 2023 ​ ​ ​ 2024 ​ ​ ​ 2025 NL common stock ​ $ 100 ​ $ 160 ​ $ 160 ​ $ 139 ​ $ 212 ​ $ 163 S&P 500 Composite Stock Index ​ 100 ​ 129 ​ 105 ​ 133 ​ 166 ​ 196 S&P 500 Industrial Conglomerates Index ​ 100 ​ 105 ​ 96 ​ 120 ​ 165 ​ 172 ​ ​ The information contained in the performance graph shall not be deemed “soliciting material” or “filed” with the SEC, or subject to the liabilities of Section 18 of the Securities Exchange Act, except to the extent we specifically request that the material be treated as soliciting material or specifically incorporate this performance graph by reference into a document filed under the Securities Act or the Securities Exchange Act. -35- ​ Equity compensation plan information We have an equity compensation plan, which was approved by our shareholders, pursuant to which an aggregate of 200,000 shares of our common stock can be awarded to non-employee members of our board of directors. At December 31, 2025, 170,750 shares are available for award under this plan. See Note 15 to our Consolidated Financial Statements. ​ ITEM 6. RESERVED ​