Seth A. Davis - Apr 21, 2023 Form 4 Insider Report for RLI CORP (RLI)

Role
Vice President, Controller
Signature
/s/ Seth Anthony Davis
Stock symbol
RLI
Transactions as of
Apr 21, 2023
Transactions value $
-$423,789
Form type
4
Date filed
4/24/2023, 04:14 PM
Previous filing
Feb 1, 2023
Next filing
May 8, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RLI Common Stock Options Exercise $365K +9K +236.34% $40.61 12.8K Apr 21, 2023 Direct
transaction RLI Common Stock Tax liability -$789K -5.37K -41.96% $146.87 7.43K Apr 21, 2023 Direct
holding RLI Common Stock 5.04K Apr 21, 2023 RLI Corp. Executive Deferred Compensation Plan F1
holding RLI Common Stock 14.2K Apr 21, 2023 RLI Corp. Employee Stock Ownership Plan F2

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 -9K -100% $0.00* 0 Apr 21, 2023 Common Stock 9K $40.61 Direct F3, F4, F5
* 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 Balance reflects annual company contributions and dividend reinvestment.
F3 Exercise price reflects prior adjustments as a result of special dividends.
F4 Stock option grant price adjusted to reflect $7.00 extraordinary dividend declared 11-10-2022.
F5 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.