Craig W. Kliethermes - Nov 25, 2022 Form 4 Insider Report for RLI CORP (RLI)

Role
President & CEO, Director
Signature
/s/ Craig W. Kliethermes
Stock symbol
RLI
Transactions as of
Nov 25, 2022
Transactions value $
-$500,395
Form type
4
Date filed
11/29/2022, 10:49 AM
Previous filing
Jun 1, 2022
Next filing
Feb 1, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RLI Common Stock Options Exercise $1.01M +16K +28.6% $63.14 72K Nov 25, 2022 Direct F1
transaction RLI Common Stock Tax liability -$1.51M -11.3K -15.7% $133.72 60.7K Nov 25, 2022 Direct F1
holding RLI Common Stock 6.72K Nov 25, 2022 By Esop F2
holding RLI Common Stock 10.4K Nov 25, 2022 By Executive Deferred Comp F1

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 Stock Option Options Exercise $0 -16K -80% $0.00 4K Nov 25, 2022 Common Stock 16K $63.14 Direct F3
holding RLI Stock Option 20K Nov 25, 2022 Common Stock 20K $93.24 Direct F3
holding RLI Stock Option 14K Nov 25, 2022 Common Stock 14K $113.02 Direct F3
holding RLI Stock Option 75K Nov 25, 2022 Common Stock 75K $116.60 Direct F3
holding RLI Stock Option 21K Nov 25, 2022 Common Stock 21K $82.66 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Ownership reflects dividend reinvestment.
F2 Ownership reflects shares allocated to ESOP participant's account and dividend reinvestment.
F3 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.