RLI VP Seth Davis vests 300 restricted stock units
RLI Corp vice president and controller Seth Anthony Davis reported routine equity compensation activity involving restricted stock units.
Rhea-AI Filing Summary
RLI Corp vice president and controller Seth Anthony Davis reported routine equity compensation activity involving restricted stock units. On May 4, 2026, 300 restricted stock units vested into the same number of common shares, and 146 shares were delivered back to the company to satisfy tax obligations at $50.73 per share. An additional 29 common shares were acquired through vested accrued special and regular dividend equivalents tied to the restricted stock units. Following these transactions, Davis directly holds about 31,091 shares of RLI common stock. No open-market purchases or sales were reported in this filing.
Positive
- None.
Negative
- None.
Insider Trade Summary
300 shares exercised/converted
Exercise
4 txns
Insider
Davis Seth Anthony
Role
VICE PRESIDENT, CONTROLLER
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 300 | $0.00 | $0.00 |
| Exercise | Common Stock | 300 | $0.00 | $0.00 |
| Other | Common Stock | 29 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 146 | $50.73 | $7K |
Holdings After Transaction:
Restricted Stock Unit — 0 contracts (Direct);
Common Stock — 30,945.2874 shares (Direct)
Footnotes (4)
- F1. Shares acquired on the vesting of restricted stock units.
- F2. Shares acquired on the vesting of accrued special and regular dividend equivalents on restricted stock units.
- F3. Upon vesting, each restricted stock unit represents the right to receive one share of common stock.
- F4. These restricted stock units are scheduled to vest 100% on the third anniversary of the date of grant.
Key Figures
RSUs vested: 300 units/shares
Tax withholding shares: 146 shares at $50.73
Dividend-equivalent shares: 29 shares
+2 more
5 metrics
RSUs vested
300 units/shares
Restricted stock units converting into common stock on May 4, 2026
Tax withholding shares
146 shares at $50.73
Shares delivered to cover tax liability on May 4, 2026
Dividend-equivalent shares
29 shares
Accrued special and regular dividend equivalents vesting into stock
Holdings after transactions
31,091.2874 shares
Directly held RLI common stock after May 4, 2026 updates
Exercise/Conversion count
300 shares exercised
Exercise or conversion of derivative security (restricted stock units)
Key Terms
Restricted Stock Unit, tax-withholding disposition, derivative security, dividend equivalents, +1 more
5 terms
Restricted Stock Unit financial
"security_title: "Restricted Stock Unit" and footnote "Upon vesting, each restricted stock unit represents the right to receive one share""
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.
tax-withholding disposition financial
"transaction_action: "tax-withholding disposition" with code F for 146.0000 shares"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
derivative security financial
"transaction_code_description: "Exercise or conversion of derivative security" for RSU vesting"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
dividend equivalents financial
"footnote: "vesting of 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.
scheduled to vest 100% on the third anniversary financial
"footnote: "These restricted stock units are scheduled to vest 100% on the third anniversary of the date of grant.""
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did RLI (RLI) executive Seth Anthony Davis report in this Form 4?
Seth Anthony Davis reported routine equity compensation activity. 300 restricted stock units vested into common shares, 146 shares were withheld for taxes, and 29 dividend-equivalent shares were acquired, leaving him with about 31,091 directly held RLI common shares.
How many RLI (RLI) restricted stock units vested for Seth Anthony Davis?
A total of 300 restricted stock units vested into 300 shares of RLI common stock. These units convert one-for-one into common shares upon vesting, as disclosed, and form part of Davis’s ongoing equity compensation from the company.
AI-generated analysis. How Rhea-AI works. Not financial advice.
