Seth A. Davis - Nov 28, 2023 Form 4 Insider Report for RLI CORP (RLI)

Role
VICE PRESIDENT, CONTROLLER
Signature
/s/ Seth A. Davis
Stock symbol
RLI
Transactions as of
Nov 28, 2023
Transactions value $
-$209,540
Form type
4
Date filed
11/30/2023, 03:05 PM
Previous filing
Aug 23, 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 $343K +6K +79.4% $57.09 13.6K Nov 28, 2023 Direct
transaction RLI Common Stock Tax liability -$552K -4.06K -29.97% $135.88 9.49K Nov 28, 2023 Direct
holding RLI Common Stock 5.06K Nov 28, 2023 RLI Corp. Executive Deferred Compensation Plan F1
holding RLI Common Stock 14.2K Nov 28, 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 -6K -100% $0.00* 0 Nov 28, 2023 Common Stock 6K $57.09 Direct F3, F4
holding RLI Stock Option 9K Nov 28, 2023 Common Stock 9K $49.71 Direct F3, F4
holding RLI Stock Option 7K Nov 28, 2023 Common Stock 7K $56.14 Direct F3, F4
holding RLI Stock Option 6K Nov 28, 2023 Common Stock 6K $75.66 Direct F3, F4
holding RLI Stock Option 5K Nov 28, 2023 Common Stock 5K $86.24 Direct F3, F4
holding RLI Stock Option 4K Nov 28, 2023 Common Stock 4K $106.02 Direct F3, F4
holding RLI Stock Option 4K Nov 28, 2023 Common Stock 4K $109.60 Direct F3, F4
holding RLI Stock Option 3K Nov 28, 2023 Common Stock 3K $136.59 Direct F4
holding RLI Restricted Stock Unit 150 Nov 28, 2023 Common Stock 150 Direct F5, F6
holding RLI Restricted Stock Unit 150 Nov 28, 2023 Common Stock 150 Direct F5
holding RLI Restricted Stock Unit 150 Nov 28, 2023 Common Stock 150 Direct F5, 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 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.
F5 Upon vesting, each restricted stock unit represents the right to receive one share of common stock.
F6 These restricted stock units are scheduled to vest 100% on the third anniversary of the date of grant.