Seth A. Davis - May 2, 2024 Form 4 Insider Report for RLI CORP (RLI)

Role
VICE PRESIDENT, CONTROLLER
Signature
/s/ Seth Anthony Davis
Stock symbol
RLI
Transactions as of
May 2, 2024
Transactions value $
$0
Form type
4
Date filed
5/6/2024, 04:10 PM
Previous filing
Feb 5, 2024
Next filing
May 7, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding RLI Common Stock 9.49K May 2, 2024 Direct
holding RLI Common Stock 5.16K May 2, 2024 RLI Corp. Executive Deferred Compensation Plan F1
holding RLI Common Stock 14.4K May 2, 2024 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 Restricted Stock Unit Award $0 +150 $0.00 150 May 2, 2024 Common Stock 150 Direct F3, F4
transaction RLI Stock Option Award $0 +2.75K $0.00 2.75K May 2, 2024 Common Stock 2.75K $143.15 Direct F5
* 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 Upon vesting, each restricted stock unit represents the right to receive one share of common stock
F4 These restricted stock units are scheduled to vest 100% on the third anniversary of the date of grant.
F5 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.