Seth A. Davis - May 6, 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 6, 2024
Transactions value $
$0
Form type
4
Date filed
5/7/2024, 04:05 PM
Previous filing
May 6, 2024
Next filing
Nov 14, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RLI Common Stock Options Exercise $0 +150 +1.58% $0.00 9.64K May 6, 2024 Direct F1
transaction RLI Common Stock Other $0 +17 +0.18% $0.00 9.66K May 6, 2024 Direct F2
transaction RLI Common Stock Tax liability $0 -74 -0.77% $0.00 9.59K May 6, 2024 Direct
holding RLI Common Stock 5.16K May 6, 2024 RLI Corp. Executive Deferred Compensation Plan F3
holding RLI Common Stock 14.4K May 6, 2024 RLI Corp. Employee Stock Ownership Plan F4

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 Options Exercise $0 -150 -100% $0.00* 0 May 6, 2024 Common Stock 150 Direct F7, F8, F9
holding RLI Stock Option 0 May 6, 2024 Common Stock 6K $57.09 Direct F5, F6
holding RLI Stock Option 9K May 6, 2024 Common Stock 9K $49.71 Direct F5, F6
holding RLI Stock Option 7K May 6, 2024 Common Stock 7K $56.14 Direct F5, F6
holding RLI Stock Option 6K May 6, 2024 Common Stock 6K $75.66 Direct F5, F6
holding RLI Stock Option 5K May 6, 2024 Common Stock 5K $86.24 Direct F5, F6
holding RLI Stock Option 4K May 6, 2024 Common Stock 4K $106.02 Direct F5, F6
holding RLI Stock Option 4K May 6, 2024 Common Stock 4K $109.60 Direct F5, F6
holding RLI Stock Option 3K May 6, 2024 Common Stock 3K $136.59 Direct F6
holding RLI Stock Option 2.75K May 6, 2024 Common Stock 2.75K $143.15 Direct
holding RLI Restricted Stock Unit 150 May 6, 2024 Common Stock 150 Direct F7, F9
holding RLI Restricted Stock Unit 150 May 6, 2024 Common Stock 150 Direct F7, F9
holding RLI Restricted Stock Unit 150 May 6, 2024 Common Stock 150 Direct F7, F9
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Upon vesting, each restricted stock unit represents the right to receive one share of common stock.
F2 Shares acquired on the vesting of accrued special and regular dividend equivalents on restricted stock units.
F3 Ownership reflects dividend reinvestment.
F4 Balance reflects annual company contributions and dividend reinvestment.
F5 Stock option grant price adjusted to reflect $7.00 extraordinary dividend declared 11-10-2022.
F6 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.
F7 Upon vesting, each restricted stock unit represents the right to receive one share of common stock.
F8 Shares acquired on the vesting of restricted stock units
F9 These restricted stock units are scheduled to vest 100% on the third anniversary of the date of grant.