RLI Corp (NYSE: RLI) awards 12,500 stock options to its chief operating officer
Rhea-AI Filing Summary
RLI Corp reported that chief operating officer Jennifer L. Klobnak received a grant of 12,500 stock options on August 3, 2026. The options have an exercise price of $61.29 per share, vest in 20% annual increments starting one year after grant, and expire on August 3, 2034.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Klobnak Jennifer L
Role
CHIEF OPERATING OFFICER
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option F1 | 12,500 | $0.00 | $0.00 |
Holdings After Transaction:
Stock Option — 12,500 shares (Direct)
Footnotes (1)
- F1. 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.
Key Figures
Stock options granted: 12,500 options
Exercise price: $61.29 per share
Vesting rate: 20% per year
+3 more
6 metrics
Stock options granted
12,500 options
Grant to COO Jennifer L. Klobnak on 2026-08-03
Exercise price
$61.29 per share
Conversion or exercise price of granted stock options
Vesting rate
20% per year
Portion of options becoming exercisable each year from one year after grant
First exercisability date
2027-08-03
Earliest date options may be exercised under the schedule
Expiration date
2034-08-03
Date after which the options can no longer be exercised
Options held after transaction
12,500 options
Total derivative securities following the reported grant
Key Terms
Stock Option, conversion_or_exercise_price, underlying_security_shares
3 terms
Stock Option financial
"security_title: "Stock Option" related to the COO grant"
A stock option is a contract that gives you the right to buy or sell a company's stock at a specific price within a certain time frame. People use them to potentially make money if the stock's price moves favorably or to protect against losses. It's like holding a coupon that can be used to buy or sell stock at a set price later on.
conversion_or_exercise_price financial
"conversion_or_exercise_price: "61.2900" for the granted options"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did RLI (RLI) disclose for Jennifer L. Klobnak?
RLI disclosed that COO Jennifer L. Klobnak received a grant of 12,500 stock options on August 3, 2026. The options relate to RLI common stock and represent a compensation award rather than an open-market purchase or sale of existing shares.
What is the exercise price of the new stock options granted at RLI (RLI)?
The granted stock options carry an exercise price of $61.29 per share. This is the price at which Klobnak may buy RLI common shares under the option, subject to vesting and exercisability terms described in the award schedule.
How do the RLI (RLI) stock options granted to the COO vest over time?
The stock options vest in 20% increments each year. According to the schedule, 20% of the aggregate 12,500 options become exercisable one year after the grant date, with an additional 20% becoming exercisable each year thereafter until fully vested.
When can the newly granted RLI (RLI) options first be exercised and when do they expire?
The options may first be exercised beginning August 3, 2027, one year after grant. They have a stated expiration date of August 3, 2034, after which any unexercised options will no longer be exercisable by the reporting person.
How many RLI (RLI) derivative securities does the COO hold after this option grant?
Following the transaction, Jennifer L. Klobnak is reported as holding 12,500 stock options directly. These options are derivative securities tied to RLI common stock and reflect the entire amount granted in this award transaction.