Jordan W. Graham - May 2, 2024 Form 4 Insider Report for RLI CORP (RLI)

Role
Director
Signature
/s/ Jeffrey D. Fick
Stock symbol
RLI
Transactions as of
May 2, 2024
Transactions value $
$0
Form type
4
Date filed
5/6/2024, 04:15 PM
Previous filing
Feb 2, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RLI Common Stock Options Exercise $0 +732 +11.39% $0.00 7.16K May 2, 2024 Direct F1, F2
transaction RLI Common Stock Other $0 +17 +0.24% $0.00 7.18K May 2, 2024 Direct F2, F3
holding RLI Common Stock 53.5K May 2, 2024 By Directors\' Trust 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 +698 $0.00 698 May 2, 2024 Common Stock 698 Direct F4, F5
transaction RLI Restricted Stock Unit Options Exercise $0 -732 -100% $0.00* 0 May 2, 2024 Common Stock 732 Direct F1, F4, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares acquired on the vesting of restricted stock units.
F2 Ownership reflects dividend reinvestment.
F3 Shares acquired on the vesting of accrued special and regular dividend equivalents on restricted stock units.
F4 Upon vesting, each restricted stock unit represents the right to receive one share of common stock.
F5 These restricted stock units are scheduled to vest 100% on the earlier of (1) the date of the RLI Corp. 2025 Annual Shareholders' Meeting or (2) one year after the date of grant.
F6 These restricted stock units are scheduled to vest 100% on the earlier of (1) the date of the RLI Corp. 2024 Annual Shareholders' Meeting or (2) one year after the date of grant.