Seth A. Davis - 06 May 2024 Form 4 Insider Report for RLI CORP (RLI)

Role
VICE PRESIDENT, CONTROLLER
Signature
/s/ Seth Anthony Davis
Issuer symbol
RLI
Transactions as of
06 May 2024
Net transactions value
$0
Form type
4
Filing time
07 May 2024, 16:05:13 UTC
Previous filing
06 May 2024
Next filing
14 Nov 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RLI Common Stock Options Exercise $0 +150 +1.6% $0.000000 9,644 06 May 2024 Direct F1
transaction RLI Common Stock Other $0 +17 +0.18% $0.000000 9,661 06 May 2024 Direct F2
transaction RLI Common Stock Tax liability $0 -74 -0.77% $0.000000 9,587 06 May 2024 Direct
holding RLI Common Stock 5,158 06 May 2024 RLI Corp. Executive Deferred Compensation Plan F3
holding RLI Common Stock 14,371 06 May 2024 RLI Corp. Employee Stock Ownership Plan F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction RLI Restricted Stock Unit Options Exercise $0 -150 -100% $0.000000* 0 06 May 2024 Common Stock 150 Direct F7, F8, F9
holding RLI Stock Option 0 06 May 2024 Common Stock 6,000 $57.09 Direct F5, F6
holding RLI Stock Option 9,000 06 May 2024 Common Stock 9,000 $49.71 Direct F5, F6
holding RLI Stock Option 7,000 06 May 2024 Common Stock 7,000 $56.14 Direct F5, F6
holding RLI Stock Option 6,000 06 May 2024 Common Stock 6,000 $75.66 Direct F5, F6
holding RLI Stock Option 5,000 06 May 2024 Common Stock 5,000 $86.24 Direct F5, F6
holding RLI Stock Option 4,000 06 May 2024 Common Stock 4,000 $106.02 Direct F5, F6
holding RLI Stock Option 4,000 06 May 2024 Common Stock 4,000 $109.60 Direct F5, F6
holding RLI Stock Option 3,000 06 May 2024 Common Stock 3,000 $136.59 Direct F6
holding RLI Stock Option 2,750 06 May 2024 Common Stock 2,750 $143.15 Direct
holding RLI Restricted Stock Unit 150 06 May 2024 Common Stock 150 Direct F7, F9
holding RLI Restricted Stock Unit 150 06 May 2024 Common Stock 150 Direct F7, F9
holding RLI Restricted Stock Unit 150 06 May 2024 Common Stock 150 Direct F7, F9
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Upon vesting, each restricted stock unit represents the right to receive one share of common stock.
F2 Shares acquired on the vesting of accrued special and regular dividend equivalents on restricted stock units.
F3 Ownership reflects dividend reinvestment.
F4 Balance reflects annual company contributions and dividend reinvestment.
F5 Stock option grant price adjusted to reflect $7.00 extraordinary dividend declared 11-10-2022.
F6 Pursuant to option schedule wherein 20% of the aggregate number of shares granted may be exercised commencing one year from grant date and each year thereafter in 20% increments.
F7 Upon vesting, each restricted stock unit represents the right to receive one share of common stock.
F8 Shares acquired on the vesting of restricted stock units
F9 These restricted stock units are scheduled to vest 100% on the third anniversary of the date of grant.