RLI Corp (NYSE: RLI) CEO adds 2,000 shares at $52 price
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
RLI Corp Chief Executive Officer Craig W. Kliethermes reported an open-market purchase of 2,000 shares of RLI common stock at $52.00 per share. After this transaction, he directly owns 150,990 common shares. Footnotes note prior stock option adjustments for a 2-for-1 stock split and that ownership reflects dividend reinvestment.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 2,000 shares ($104,000)
Net Buy
1 txn
Insider
Kliethermes Craig W
Role
CHIEF EXECUTIVE OFFICER
Bought
2,000 shs ($104K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 2,000 | $52.00 | $104K |
Holdings After Transaction:
Common Stock — 150,990 shares (Direct, null)
Footnotes (1)
- Stock option grant price and number of stock options adjusted to reflect 2-for-1 stock split on 01/15/25. Ownership reflects dividend reinvestment.
Key Figures
Shares purchased: 2,000 shares
Purchase price: $52.00 per share
Post-transaction holdings: 150,990 shares
+1 more
4 metrics
Shares purchased
2,000 shares
Open-market purchase of common stock
Purchase price
$52.00 per share
Price paid for RLI common stock
Post-transaction holdings
150,990 shares
Direct ownership after purchase
Approximate trade value
$104,000
2,000 shares at $52.00 per share
Key Terms
open-market purchase, Form 4, 2-for-1 stock split, dividend reinvestment
4 terms
open-market purchase financial
"transaction_action: "open-market purchase" for 2,000 common shares at $52.0000"
An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.
Form 4 regulatory
"INSIDER FILING DATA (Form 4) describing the CEO’s share purchase"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
2-for-1 stock split financial
"Stock option grant price and number of stock options adjusted to reflect 2-for-1 stock split on 01/15/25."
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.
FAQ
What did RLI (RLI) CEO Craig Kliethermes do in this Form 4 filing?
RLI CEO Craig W. Kliethermes reported buying 2,000 common shares in an open-market transaction at $52.00 per share. This increased his direct holdings to 150,990 shares, according to the Form 4 insider trading disclosure.
What type of transaction is reported in this RLI (RLI) Form 4?
The filing reports a non-derivative, open-market purchase of common stock. The transaction code is “P,” indicating a purchase in the open market or a private transaction under SEC reporting rules for insiders.
Do the RLI (RLI) Form 4 footnotes mention any stock split or adjustments?
Yes. One footnote states that stock option grant prices and option counts were adjusted for a 2-for-1 stock split on 01/15/25. Another explains that the reported ownership figure reflects dividend reinvestment activity over time.