Kaj Ahlmann - May 4, 2023 Form 4 Insider Report for RLI CORP (RLI)

Role
Director
Signature
/s/ Jeffrey D. Fick, attorney-in-fact for Kaj Ahlmann
Stock symbol
RLI
Transactions as of
May 4, 2023
Transactions value $
$0
Form type
4
Date filed
5/8/2023, 03:45 PM
Previous filing
Feb 1, 2023
Next filing
Feb 5, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RLI Common Stock Options Exercise $0 +643 +24.12% $0.00 3.31K May 4, 2023 Direct F1
transaction RLI Common Stock Other $0 +40 +1.21% $0.00 3.35K May 4, 2023 Direct F1, F2
holding RLI Common Stock 10K May 4, 2023 Directors' Trust 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
transaction RLI Restricted Stock Unit Award $0 +732 $0.00 732 May 4, 2023 Common Stock 732 Direct F4, F5
transaction RLI Restricted Stock Unit Options Exercise $0 -643 -100% $0.00* 0 May 4, 2023 Common Stock 643 Direct F4, F6
* 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 Shares acquired on the vesting of accrued special and regular dividend equivalents on restricted stock units.
F3 Ownership reflects dividend reinvestment
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. 2024 Annual Shareholders' Meeting or (2) one year after the date of grant.
F6 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.