Calvin Butler Jr. - 29 Jul 2022 Form 4 Insider Report for RLI CORP (RLI)

Role: Director
Signature: /s/ Jeffrey D. Fick, attorney-in-fact for Mr. Butler
Issuer symbol: RLI
Transactions as of: 29 Jul 2022
Net transactions value: +$13,125
Form type: 4
Filing time: 01 Aug 2022, 16:21:51 UTC
Previous filing: 09 May 2022
Next filing: 01 Nov 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	RLI	Common Stock	Other	$13,125	+119	+1.2%	$109.98	10,115	29 Jul 2022	by Directors' Trust	F1, F2
holding	RLI	Common Stock						681	29 Jul 2022	Direct	F3

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
holding	RLI	Restricted Stock Unit						643	29 Jul 2022	Common Stock	643		Direct	F4, F5

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The securities herein were allocated pursuant to the RLI Corp. Non-Employee Directors Deferred Compensation Plan.
F2	Ownership reflects dividend reinvestment
F3	Adjustment to reflect that Restricted Stock Unit award plus dividend equivalents were directly owned after vesting. No changes to overall beneficial ownership.
F4	Upon vesting, each restricted stock unit represents the right to receive one share of common stock.
F5	These restricted stock units are scheduled to vest 100% on the earlier of (1) the date of the RLI Corp. 2023 Annual Shareholders' Meeting or (2) one year after the date of grant.