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

Role
Vice President, Controller
Signature
/s/ Seth Anthony Davis
Issuer symbol
RLI
Transactions as of
21 Aug 2023
Net transactions value
-$12,757
Form type
4
Filing time
23 Aug 2023, 14:27:30 UTC
Previous filing
08 May 2023
Next filing
30 Nov 2023
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 +200 +2.7% $0.000000 7,634 21 Aug 2023 Direct F1
transaction RLI Common Stock Other $0 +22 +0.29% $0.000000 7,656 21 Aug 2023 Direct F2
transaction RLI Common Stock Tax liability $12,757 -99 -1.3% $128.86 7,557 21 Aug 2023 Direct
holding RLI Common Stock 5,051 21 Aug 2023 RLI Corp. Executive Deferred Compensation Plan F3
holding RLI Common Stock 14,178 21 Aug 2023 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 -200 -100% $0.000000* 0 21 Aug 2023 Common Stock 200 Direct F1, F7, F8, F9
holding RLI Stock Option 6,000 21 Aug 2023 Common Stock 6,000 $57.09 Direct F5, F6
holding RLI Stock Option 9,000 21 Aug 2023 Common Stock 9,000 $49.71 Direct F5, F6
holding RLI Stock Option 7,000 21 Aug 2023 Common Stock 7,000 $56.14 Direct F5, F6
holding RLI Stock Option 6,000 21 Aug 2023 Common Stock 6,000 $75.66 Direct F5, F6
holding RLI Stock Option 5,000 21 Aug 2023 Common Stock 5,000 $86.24 Direct F5, F6
holding RLI Restricted Stock Unit 150 21 Aug 2023 Common Stock 150 Direct F7, F8
holding RLI Stock Option 4,000 21 Aug 2023 Common Stock 4,000 $106.02 Direct F5, F6
holding RLI Restricted Stock Unit 150 21 Aug 2023 Common Stock 150 Direct F7, F9
holding RLI Stock Option 4,000 21 Aug 2023 Common Stock 4,000 $109.60 Direct F5, F6
holding RLI Restricted Stock Unit 150 21 Aug 2023 Common Stock 150 Direct F7, F8, F9
holding RLI Stock Option 3,000 21 Aug 2023 Common Stock 3,000 $136.59 Direct F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares acquired on the vesting of restricted stock units.
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 These restricted stock units are scheduled to vest 100% on the third anniversary of the date of grant.
F9 These restricted stock units are scheduled to vest 100% on the third anniversary of the date of grant.