Jeffrey D. Fick - 28 Aug 2024 Form 4 Insider Report for RLI CORP (RLI)

Role
CHIEF LEGAL OFFICER & CORP SEC
Signature
/s/ Jeffrey D. Fick
Issuer symbol
RLI
Transactions as of
28 Aug 2024
Net transactions value
-$554,740
Form type
4
Filing time
29 Aug 2024, 15:10:05 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 $505,260 +9,000 +14% $56.14 71,316 28 Aug 2024 Direct
transaction RLI Common Stock Options Exercise $378,300 +5,000 +7% $75.66 76,316 28 Aug 2024 Direct
transaction RLI Common Stock Tax liability $1,438,300 -9,429 -12% $152.54 66,887 28 Aug 2024 Direct
holding RLI Common Stock 12,509 28 Aug 2024 Employee Stock Ownership Plan F1

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 -9,000 -100% $0.000000 0 28 Aug 2024 Common Stock 9,000 $56.14 Direct F2, F3
transaction RLI Stock Option Options Exercise $0 -5,000 -33% $0.000000 10,000 28 Aug 2024 Common Stock 15,000 $75.66 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

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