Aaron P. Diefenthaler - 27 Nov 2023 Form 4 Insider Report for RLI CORP (RLI)

Role
TREASURER, CHIEF INVEST. OFF.
Signature
/s/ Aaron P. Diefenthaler
Issuer symbol
RLI
Transactions as of
27 Nov 2023
Net transactions value
-$329,257
Form type
4
Filing time
29 Nov 2023, 17:56:41 UTC
Previous filing
08 May 2023
Next filing
05 Feb 2024
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 $513,810 +9,000 +35% $57.09 34,733 27 Nov 2023 Direct F1
transaction RLI Common Stock Tax liability $843,067 -6,037 -17% $139.65 28,696 27 Nov 2023 Direct
holding RLI Common Stock 1,450 27 Nov 2023 By Executive Deferred Compensation F1
holding RLI Common Stock 4,149 27 Nov 2023 Employee Stock Ownership Plan - ESOP 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 -9,000 -100% $0.000000* 0 27 Nov 2023 Common Stock 9,000 $57.09 Direct F3, F4
holding RLI Stock Option 11,000 27 Nov 2023 Common Stock 11,000 $49.71 Direct F3, F4
holding RLI Stock Option 9,000 27 Nov 2023 Common Stock 9,000 $56.14 Direct F3, F4
holding RLI Stock Options 7,500 27 Nov 2023 Common Stock 7,500 $75.66 Direct F3, F4
holding RLI Stock Option 12,500 27 Nov 2023 Common Stock 12,500 $86.24 Direct F3, F4
holding RLI Stock Option 8,000 27 Nov 2023 Common Stock 8,000 $106.02 Direct F3, F4
holding RLI Stock Option 19,000 27 Nov 2023 Common Stock 19,000 $109.60 Direct F3, F4
holding RLI Stock Option 7,500 27 Nov 2023 Common Stock 7,500 $136.59 Direct F4
* 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 Stock option grant price adjusted to reflect $7.00 extraordinary dividend declared 11-10-2022.
F4 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.