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Director at RLI CORP (NYSE: RLI) gains shares via RSU grants and vesting

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

RLI CORP director Angelina Michael E reported compensation-related equity activity. She received a grant of 2,506 restricted stock units (RSUs), each representing a future right to common shares. She also exercised 1,681 RSUs into common stock and acquired 68 shares through dividend-related mechanisms, bringing her direct common stock holdings to 25,585 shares.

Positive

  • None.

Negative

  • None.
Insider Angelina Michael E
Role null
Type Security Shares Price Value
Grant/Award Restricted Stock Unit 2,506 $0.00 --
Exercise Restricted Stock Unit 1,681 $0.00 --
Exercise Common Stock 1,681 $0.00 --
Other Common Stock 68 $0.00 --
Holdings After Transaction: Restricted Stock Unit — 2,506 shares (Direct, null); Common Stock — 25,517 shares (Direct, null)
Footnotes (1)
  1. Shares acquired on the vesting of restricted stock units. Ownership reflects dividend reinvestment. Shares acquired on the vesting of accrued special and regular dividend equivalents on restricted stock units. Shares acquired on the vesting of restricted stock units. 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. 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.
RSU grant 2,506 RSUs Grant of restricted stock units on 2026-05-14
RSUs exercised 1,681 shares Common shares from RSU vesting on 2026-05-13
Dividend-related shares 68 shares Other acquisition tied to dividend reinvestment/equivalents
Common shares held 25,585 shares Direct RLI common stock holdings after transactions
Derivative exercises 1,681 RSUs Exercise or conversion of derivative security (code M)
Restricted Stock Unit financial
"security_title: Restricted Stock Unit"
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.
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.
dividend equivalents financial
"accrued special and regular dividend equivalents on restricted stock units."
Payments tied to employee or contractor equity awards that mirror the cash dividends paid on the company’s stock; they give the holder the same economic benefit as owning the shares without transferring actual shares—often paid in cash or additional award units when the award becomes payable. Investors care because these payments affect a company’s compensation costs, cash flow and potential share dilution, and they signal how management is being rewarded and aligned with shareholders.
Annual Shareholders' Meeting financial
"the date of the RLI Corp. 2026 Annual Shareholders' Meeting"
Exercise or conversion of derivative security financial
"transaction_code_description: Exercise or conversion of derivative security"
Grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
Angelina Michael E
(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)
XDirector10% 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)
XForm 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)
CodeVAmount(A) or (D)Price
Common Stock05/13/2026M(1)1,681A$025,517(2)D
Common Stock05/13/2026J(3)68A$025,585D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Unit(4)05/13/2026M1,681 (5) (5)Common Stock1,681$00D
Restricted Stock Unit(1)05/14/2026A2,506 (6) (6)Common Stock2,506$02,506D
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. Shares acquired on the vesting of restricted stock units.
5. 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.
6. 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-Fact05/15/2026
** Signature of Reporting PersonDate
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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did RLI (RLI) director Angelina Michael E report?

She reported equity compensation activity rather than open-market trades. This included a grant of 2,506 restricted stock units, the exercise of 1,681 RSUs into common shares, and 68 additional common shares from dividend-related adjustments, all increasing her direct equity stake in RLI.

How many RLI CORP shares does Angelina Michael E hold after these Form 4 transactions?

After the reported transactions, she directly holds 25,585 shares of RLI common stock. This total reflects shares gained from restricted stock unit vesting, dividend reinvestment, and dividend-equivalent vesting, as disclosed in the Form 4 filing’s transaction details and accompanying footnotes.

What restricted stock unit (RSU) activity was disclosed for RLI (RLI) in this Form 4?

The filing shows a new grant of 2,506 restricted stock units to the director and the vesting and conversion of 1,681 RSUs into common shares. Footnotes note that certain RSUs vest 100% around the company’s 2026 and 2027 Annual Shareholders’ Meetings or one year after grant.

Were the RLI (RLI) insider transactions open-market buys or sells?

No, the reported transactions were not open-market buys or sells. They were compensation and administrative events, including RSU grants, RSU vesting into common shares, and additional shares from dividend reinvestment and dividend-equivalent vesting, rather than discretionary trading in the open market.

What does the 68-share transaction coded “J” mean in the RLI Form 4?

The 68-share transaction coded “J” is an “other acquisition or disposition.” Footnotes explain that ownership reflects dividend reinvestment and shares from accrued special and regular dividend equivalents on RSUs, indicating this is a dividend-related adjustment rather than a typical buy or sell order.