Michael Jonathan E - Feb 22, 2024 Form 4 Insider Report for RLI CORP (RLI)

Role
Director
Signature
/s/ Jonathan E. Michael
Stock symbol
RLI
Transactions as of
Feb 22, 2024
Transactions value $
-$855,467
Form type
4
Date filed
2/26/2024, 04:10 PM
Previous filing
Feb 5, 2024
Next filing
Feb 29, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RLI Common Stock Options Exercise $155K +3K +0.41% $51.73* 739K Feb 22, 2024 Direct
transaction RLI Common Stock Options Exercise $172K +3K +0.41% $57.42* 742K Feb 22, 2024 Direct
transaction RLI Common Stock Options Exercise $154K +2.75K +0.37% $56.14* 745K Feb 22, 2024 Direct
transaction RLI Common Stock Options Exercise $189K +2.75K +0.37% $68.59* 747K Feb 22, 2024 Direct
transaction RLI Common Stock Options Exercise $362K +5.5K +0.74% $65.75* 753K Feb 22, 2024 Direct
transaction RLI Common Stock Options Exercise $325K +5.5K +0.73% $59.16* 758K Feb 22, 2024 Direct
transaction RLI Common Stock Tax liability -$2.21M -15.2K -2% $145.53 743K Feb 22, 2024 Direct

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 -3K -100% $0.00* 0 Feb 22, 2024 Common Stock 3K $51.73 Direct F1, F2
transaction RLI Stock Option Options Exercise $0 -3K -100% $0.00* 0 Feb 22, 2024 Common Stock 3K $57.42 Direct F1, F2
transaction RLI Stock Option Options Exercise $0 -2.75K -100% $0.00* 0 Feb 22, 2024 Common Stock 2.75K $56.14 Direct F1, F2
transaction RLI Stock Option Options Exercise $0 -2.75K -100% $0.00* 0 Feb 22, 2024 Common Stock 2.75K $68.59 Direct F1, F2
transaction RLI Stock Option Options Exercise $0 -5.5K -100% $0.00* 0 Feb 22, 2024 Common Stock 5.5K $65.75 Direct F1, F2
transaction RLI Stock Option Options Exercise $0 -5.5K -100% $0.00* 0 Feb 22, 2024 Common Stock 5.5K $59.16 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Stock option grant price adjusted to reflect $7.00 extraordinary dividend declared 11-10-2022.
F2 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.