RLI Corp (NYSE: RLI) awards 7,500 stock options to legal chief
Rhea-AI Filing Summary
RLI Corp reported that Chief Legal Officer Jeffrey D. Fick received a grant of 7,500 stock options on August 3, 2026. The options have an exercise price of $61.29 per share, cover 7,500 shares of common stock, vest in 20% annual increments starting one year after the grant date, and expire on August 3, 2034. Following this grant, he holds 7,500 options directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
FICK JEFFREY D
Role
CHIEF LEGAL OFFICER
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option F1 | 7,500 | $0.00 | $0.00 |
Holdings After Transaction:
Stock Option — 7,500 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
Options Granted: 7,500 options
Exercise Price: $61.29 per share
Underlying Shares: 7,500 shares
+4 more
7 metrics
Options Granted
7,500 options
Stock option grant to Chief Legal Officer on August 3, 2026
Exercise Price
$61.29 per share
Exercise price for the 7,500 stock options granted
Underlying Shares
7,500 shares
Common stock underlying the newly granted options
Expiration Date
August 3, 2034
Final expiration date of the stock options
First Vesting/Exercise Date
August 3, 2027
20% of aggregate options exercisable commencing one year from grant date
Post-transaction Options Held
7,500 options
Total derivative securities held directly after the grant
Annual Vesting Rate
20% per year
Portion of aggregate options that may be exercised each year under the schedule
Key Terms
Stock Option, exercise price, grant date, aggregate number of shares granted, +1 more
5 terms
Stock Option financial
"The reporting person received a grant of 7,500 <b>Stock Option</b> awards."
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.
exercise price financial
"The options have an <b>exercise price</b> of $61.29 per share."
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
grant date financial
"20% may be exercised commencing one year from <b>grant date</b>."
The grant date is the day a company formally gives an employee or contractor the right to receive stock-based compensation, such as stock options or restricted shares. It matters to investors because it fixes key terms—like the price, the start of the ownership clock, and when the award will affect the company’s financial statements and share count—so it can influence dilution, reported expenses, and potential future selling pressure.
vesting financial
"The option schedule provides for annual <b>vesting</b> in 20% increments."
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did RLI (RLI) disclose for Jeffrey D. Fick?
RLI disclosed that Chief Legal Officer Jeffrey D. Fick received a grant of 7,500 stock options. These options relate to common stock, were granted on August 3, 2026, and represent a compensation award rather than an open-market trade.
What is the exercise price and term of Jeffrey D. Fick’s RLI (RLI) stock options?
The options granted to Jeffrey D. Fick carry an exercise price of $61.29 per share and expire on August 3, 2034. This defines the price he would pay per share and the final date by which he can exercise the options.
How do the vesting terms work for the new RLI (RLI) options granted to Jeffrey D. Fick?
The options vest in 20% increments each year, starting one year from the August 3, 2026 grant date. That means portions of the 7,500 options become exercisable annually over five years according to the option schedule described.
Does this RLI (RLI) Form 4 report any stock sales by Jeffrey D. Fick?
No. The Form 4 reports only a grant of 7,500 stock options to Jeffrey D. Fick, coded as an acquisition (A). There are no reported sales, exercises, or dispositions of RLI common stock or options in this filing.
What are Jeffrey D. Fick’s reported RLI (RLI) option holdings after this transaction?
After the reported grant, Jeffrey D. Fick directly holds 7,500 stock options in RLI. The filing lists this total as his derivative security position following the transaction, all tied to the August 3, 2026 award.