MICHAEL JONATHAN E - 22 Feb 2024 Form 4 Insider Report for RLI CORP (RLI)

Role
Director
Signature
/s/ Jonathan E. Michael
Issuer symbol
RLI
Transactions as of
22 Feb 2024
Net transactions value
-$855,467
Form type
4
Filing time
26 Feb 2024, 16:10:17 UTC
Previous filing
05 Feb 2024
Next filing
29 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 $155,190 +3,000 +0.41% $51.73* 738,967 22 Feb 2024 Direct
transaction RLI Common Stock Options Exercise $172,260 +3,000 +0.41% $57.42* 741,967 22 Feb 2024 Direct
transaction RLI Common Stock Options Exercise $154,385 +2,750 +0.37% $56.14* 744,717 22 Feb 2024 Direct
transaction RLI Common Stock Options Exercise $188,622 +2,750 +0.37% $68.59* 747,467 22 Feb 2024 Direct
transaction RLI Common Stock Options Exercise $361,625 +5,500 +0.74% $65.75* 752,967 22 Feb 2024 Direct
transaction RLI Common Stock Options Exercise $325,380 +5,500 +0.73% $59.16* 758,467 22 Feb 2024 Direct
transaction RLI Common Stock Tax liability $2,212,929 -15,206 -2% $145.53 743,261 22 Feb 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 -3,000 -100% $0.000000* 0 22 Feb 2024 Common Stock 3,000 $51.73 Direct F1, F2
transaction RLI Stock Option Options Exercise $0 -3,000 -100% $0.000000* 0 22 Feb 2024 Common Stock 3,000 $57.42 Direct F1, F2
transaction RLI Stock Option Options Exercise $0 -2,750 -100% $0.000000* 0 22 Feb 2024 Common Stock 2,750 $56.14 Direct F1, F2
transaction RLI Stock Option Options Exercise $0 -2,750 -100% $0.000000* 0 22 Feb 2024 Common Stock 2,750 $68.59 Direct F1, F2
transaction RLI Stock Option Options Exercise $0 -5,500 -100% $0.000000* 0 22 Feb 2024 Common Stock 5,500 $65.75 Direct F1, F2
transaction RLI Stock Option Options Exercise $0 -5,500 -100% $0.000000* 0 22 Feb 2024 Common Stock 5,500 $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.