Deferred stock allocation reported by RLI (NYSE: RLI) director
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
RLI Corp director Paul Bennett Medini reported an administrative stock allocation tied to a deferred compensation plan. A total of 507.05 shares of common stock, referenced at $51.77 per share, were allocated to a Directors' Trust under the RLI Corp. Non-Employee Directors Deferred Compensation Plan. Following this restructuring-type transaction, indirect holdings in the trust stand at 7,347.229 shares of RLI common stock. The filing characterizes the move as an “other” transaction rather than an open-market buy or sell.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
MEDINI PAUL BENNETT
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common Stock | 507.05 | $51.77 | $26K |
Holdings After Transaction:
Common Stock — 7,347.229 shares (Indirect, Directors\' Trust)
Footnotes (1)
- [object Object]
Key Figures
Shares allocated: 507.05 shares
Reference price: $51.77 per share
Indirect holdings after transaction: 7,347.229 shares
3 metrics
Shares allocated
507.05 shares
Other transaction under deferred compensation plan
Reference price
$51.77 per share
Reported transaction price for allocated shares
Indirect holdings after transaction
7,347.229 shares
Common stock held indirectly in Directors' Trust after allocation
Key Terms
Non-Employee Directors Deferred Compensation Plan, Directors' Trust, Other acquisition or disposition
3 terms
Non-Employee Directors Deferred Compensation Plan financial
"Securities herein were allocated pursuant to the RLI Corp. Non-Employee Directors Deferred Compensation Plan."
Directors' Trust financial
"nature_of_ownership: Directors' Trust"
Other acquisition or disposition financial
"transaction_code_description: Other acquisition or disposition"
FAQ
What insider transaction did RLI (RLI) director Paul Bennett Medini report?
Paul Bennett Medini reported an administrative stock allocation, not an open-market trade. 507.05 RLI common shares were allocated to a Directors' Trust under the Non-Employee Directors Deferred Compensation Plan, classified as an “other” restructuring-type transaction on the Form 4.