RLI director granted 2,506 RSUs, exercises awards

RLI CORP director Debbie Sharell Roberts reported routine equity compensation activity.

Rhea-AI Filing Summary

RLI CORP director Debbie Sharell Roberts reported routine equity compensation activity. She received a grant of 2,506 restricted stock units (RSUs) on May 14, 2026, which convert into an equal number of RLI common shares when they vest.

The filing shows she exercised 1,681 RSUs into 1,681 shares of common stock on May 13, 2026, fully exhausting that RSU award. After related transactions, a Directors' Trust associated with her holds 28,837.066 common shares, including 68 shares reflecting dividend reinvestment. The new 2,506 RSUs are scheduled to vest 100% at the earlier of the 2026 annual shareholders' meeting or one year from grant.

Insider Trade Summary

1,681 shares exercised/converted

Exercise 4 txns

Insider Roberts Debbie Sharell

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Unit	2,506	$0.00	$0.00
Exercise	Restricted Stock Unit	1,681	$0.00	$0.00
Exercise	Common Stock	1,681	$0.00	$0.00
Other	Common Stock	68	$0.00	$0.00

Holdings After Transaction: Restricted Stock Unit — 2,506 contracts (Direct); Common Stock — 28,837.066 shares (Indirect, Directors' Trust)

Footnotes (5)

1. F1. Shares acquired on the vesting of restricted stock units.
2. F2. Ownership reflects dividend reinvestment.
3. F3. Shares acquired on the vesting of accrued special and regular dividend equivalents on restricted stock units.
4. F4. These restricted stock units are scheduled to vest 100% on the earlier of (1) the date of the RLI Corp. 2026 Annual Shareholders' Meeting or (2) one year after the date of grant.
5. F5. These restricted stock units are scheduled to vest 100% on the earlier of (1) the date of the RLI Corp. 2027 Annual Shareholders' Meeting or (2) one year after the date of grant.

Key Figures

New RSU grant: 2,506 RSUs RSUs exercised: 1,681 RSUs Indirect common stock holding: 28,837.066 shares +1 more

4 metrics

New RSU grant 2,506 RSUs Granted on May 14, 2026 to Debbie Sharell Roberts

RSUs exercised 1,681 RSUs Exercised into common stock on May 13, 2026

Indirect common stock holding 28,837.066 shares Common stock held by Directors' Trust after transactions

Dividend reinvestment shares 68 shares Additional common shares from dividend reinvestment in Directors' Trust

Key Terms

Restricted Stock Unit, Directors' Trust, dividend reinvestment, Exercise or conversion of derivative security

4 terms

Restricted Stock Unit financial

"security_title: "Restricted Stock Unit" with 2,506.0000 units granted"

A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.

Directors' Trust financial

"nature_of_ownership: "Directors' Trust" for indirect common stock holdings"

dividend reinvestment financial

"Ownership reflects dividend reinvestment."

Dividend reinvestment is when the money earned from a company's profit sharing, called dividends, is automatically used to buy more shares of that company instead of being received as cash. This process helps investors grow their holdings over time without extra effort, much like using earned interest to buy more of a savings account. It encourages long-term investment growth by continuously increasing the amount of shares owned.

Exercise or conversion of derivative security financial

"transaction_code_description: "Exercise or conversion of derivative security""

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did RLI (RLI) director Debbie Sharell Roberts report in this Form 4?

Debbie Sharell Roberts reported routine equity compensation activity, including a grant of 2,506 restricted stock units and the exercise of 1,681 RSUs into common shares. These actions increase her equity-based exposure to RLI rather than reflecting open-market buying or selling.

How many restricted stock units were granted to the RLI (RLI) director?

She was granted 2,506 restricted stock units. Each RSU represents a right to receive one share of RLI common stock upon vesting, providing additional stock-based compensation tied to her service as a director and the company’s future performance and governance outcomes.

When will Debbie Sharell Roberts’ new RLI (RLI) RSUs vest?

The 2,506 RSUs are scheduled to vest 100% at the earlier of the RLI Corp. 2026 Annual Shareholders’ Meeting or one year after the grant date. This time-based vesting encourages continued board service during the upcoming governance cycle.

What RSU exercises did the RLI (RLI) director report?

She reported exercising 1,681 restricted stock units into 1,681 shares of RLI common stock. This conversion turns previously granted equity awards into actual shares, and the underlying RSU award is now fully exhausted with no remaining balance shown in this filing.

How many RLI (RLI) common shares does the Directors’ Trust hold after these transactions?

After the reported transactions, a Directors’ Trust associated with Debbie Sharell Roberts holds 28,837.066 shares of RLI common stock. This total includes 68 additional shares attributed to dividend reinvestment, reflecting long-term accumulation through company dividend payments.

Were any RLI (RLI) shares bought or sold on the open market in this Form 4?

No open-market purchases or sales were reported. The Form 4 shows grants, RSU vesting and exercises, and shares credited through dividend reinvestment, which are all compensation or structural events rather than discretionary market trading in RLI shares.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/15/2026 - 04:15 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Roberts Debbie Sharell

(Last) (First) (Middle)

9025 N. LINDBERGH DRIVE

(Street)

PEORIA ILLINOIS 61615

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
RLI CORP [ RLI ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/13/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	05/13/2026		M(1)		1,681	A	$0	28,769.066	I(2)	Directors' Trust
Common Stock	05/13/2026		J(3)		68	A	$0	28,837.066	I	Directors' Trust

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Unit	(1)	05/13/2026		M(1)			1,681	(4)	(4)	Common Stock	1,681	$0	0	D
Restricted Stock Unit	(1)	05/14/2026		A		2,506		(5)	(5)	Common Stock	2,506	$0	2,506	D

Explanation of Responses:

1. Shares acquired on the vesting of restricted stock units.

2. Ownership reflects dividend reinvestment.

3. Shares acquired on the vesting of accrued special and regular dividend equivalents on restricted stock units.

4. These restricted stock units are scheduled to vest 100% on the earlier of (1) the date of the RLI Corp. 2026 Annual Shareholders' Meeting or (2) one year after the date of grant.

5. These restricted stock units are scheduled to vest 100% on the earlier of (1) the date of the RLI Corp. 2027 Annual Shareholders' Meeting or (2) one year after the date of grant.

	/s/ Jeffrey D. Fick, Attorney-in-Fact	05/15/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)