Jennifer L. Klobnak - 23 Aug 2024 Form 4 Insider Report for RLI CORP (RLI)

Role
CHIEF OPERATING OFFICER
Signature
/s/ Jennifer L. Klobnak
Issuer symbol
RLI
Transactions as of
23 Aug 2024
Net transactions value
-$843,669
Form type
4
Filing time
26 Aug 2024, 16:05:14 UTC
Previous filing
02 Aug 2024
Next filing
05 Nov 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 $1,122,800 +20,000 +60% $56.14 53,237 23 Aug 2024 Direct F1
transaction RLI Common Stock Tax liability $1,966,469 -12,992 -24% $151.36 40,245 23 Aug 2024 Direct
holding RLI Common Stock 20,253 23 Aug 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 Stock Option Options Exercise $0 -20,000 -100% $0.000000 0 23 Aug 2024 Common Stock 20,000 $56.14 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Balance reflects dividend reinvestment.
F2 Balance reflects annual company contributions and dividend reinvestment.
F3 Stock option grant price adjusted to reflect $7.00 extraordinary dividend declared 11-10-2022.
F4 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.