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

Role
CHIEF LEGAL OFFICER & CORP SEC
Signature
/s/ Jeffrey D. Fick
Stock symbol
RLI
Transactions as of
Aug 28, 2024
Transactions value $
-$554,740
Form type
4
Date filed
8/29/2024, 03:10 PM
Previous filing
Aug 2, 2024
Next filing
Nov 5, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RLI Common Stock Options Exercise $505K +9K +14.44% $56.14 71.3K Aug 28, 2024 Direct
transaction RLI Common Stock Options Exercise $378K +5K +7.01% $75.66 76.3K Aug 28, 2024 Direct
transaction RLI Common Stock Tax liability -$1.44M -9.43K -12.36% $152.54 66.9K Aug 28, 2024 Direct
holding RLI Common Stock 12.5K Aug 28, 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 -9K -100% $0.00 0 Aug 28, 2024 Common Stock 9K $56.14 Direct F2, F3
transaction RLI Stock Option Options Exercise $0 -5K -33.33% $0.00 10K Aug 28, 2024 Common Stock 15K $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.